Sold
Last Sold Price
4,460 sqft$38/sqft
1701 S 5th St, Springfield, IL 62703
Multi FamilyProperty Type
8,386 sq ftLot Size
1912Year Built
$38/sq ftPrice per sq ft

Description

Well maintained 5 plex apartment building close to downtown and centrally located in Springfield. Well lit parking lot with security lights. Coin operated washer and dryer in basement along with storage. Garden unit has window units for AC. The other 4 have their own central air units.Well maintained 5 plex apartment building close to downtown and centrally located in Springfield. Well lit parking lot with security lights. Coin operated washer and dryer in basement along with storage. Garden unit has window units for AC. The other 4 have their own central air units.
  • Listed by: Debra Sarsany 217.787.7000 sarsanysells@yahoo.com • The Real Estate Group Inc.
Listing closed: 06/17/2021 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1006505

Recent comparable sales

Median sold price

$175,000

Avg days on market

46

Sale-to-list ratio

97.0%

Springfield, IL

9 comparable properties found

$197,300 | 1115 South 2nd Street, Springfield, IL 62704
1/35
1

$197,300

Sold 02/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,893
Square Feet
0.21
Acres
$154,000 | 612 West South Grand Avenue, Springfield, IL 62704
1/49
2

$154,000

Sold 12/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,807
Square Feet
0.15
Acres
$188,888 | 400-402 East Laurel Street, Springfield, IL 62703
1/37
3

$188,888

Sold 10/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,260
Square Feet
0.21
Acres
$160,000 | 515 East Vine Street, Springfield, IL 62703
1/5
4

$160,000

Sold 08/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,028
Square Feet
0.06
Acres
$175,000 | 907 South 4th Street, Springfield, IL 62703
1/36
5

$175,000

Sold 12/04/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,850
Square Feet
0.21
Acres
$195,000 | 1030 South 4th Street, Springfield, IL 62703
1/6
6

$195,000

Sold 09/27/24

Unavailable
Bedrooms
Unavailable
Bathrooms
3,145
Square Feet
0.17
Acres
$160,000 | 522 West Allen Street, Springfield, IL 62704
1/54
7

$160,000

Sold 05/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,584
Square Feet
0.15
Acres
$160,000 | 1308 South Glenwood Avenue, Springfield, IL 62704
1/11
8

$160,000

Sold 10/25/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,918
Square Feet
0.21
Acres
$300,000 | 1501 South 5th Street, Springfield, IL 62703
1/17
9

$300,000

Sold 06/22/26

Unavailable
Bedrooms
Unavailable
Bathrooms
5,083
Square Feet
1.54
Acres

Location

Listing Courtesy of The Real Estate Group Inc.

Sold By The Real Estate Group Inc.

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Payment Calculator

$1,123 per month

30 year fixed, 6.55% Interest

Principal and Interest

$864

Property Taxes

$259

HOA Dues

$0

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Property Information for 1701 South 5th Street

Property Details
  • Taxes: $3,107 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 5.0
  • Subdivision Name: None
Building Information
  • Residences: 5
  • Year Built: 1912
  • Lot Size: 0.19 AC / 8,386 SF
Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: From 6th St turn west on Laurel. The building is on the south west corner of 5th and Laurel.
  • Latitude: 39.78275
  • Longitude: -89.650245
  • MLSArea Minor: Springfield
  • Postal Code: 62703
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 22040282024
  • Tax Annual Amount: $3,107
  • Tax Legal Description: L 1 B 15 EX PCE NE CORNER PAYNES SOUTH SIDE ADDN
  • Tax Year: 2020
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 4460.0
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 8,386 sq ft
  • Number Of Units Total: 5
  • 100 Year Plain: No
  • Road Surface Type: Alley Paved
Property and Assessments
  • Documents Available: Aerial Photos
  • New Construction: No
  • Year Built: 1912
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 6
  • Number Of Gas Meters: 5
  • Numberof Water Meters: 5
  • Water Sewer Expense: $720
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 0
  • Roof: Shingle
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Basement: Unfinished
  • Cooling: Central Air
  • Heating: Natural Gas, Window Unit(s)
  • Laundry Features: Common Area, Other
  • Number Of Central Air Units: 4
  • Number Of Heating Units: 5
  • Number Of Water Heaters: 6
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $720
  • Gross Income: $30,540
  • Gross Scheduled Income: $30,540
  • Insurance Expense: $2,069
  • Maintenance Expense: $500
  • Manager Expense: $0
  • Net Operating Income: $25,367
  • Operating Expense: $5,173
  • Advertising Expense: 0
  • Gas Expense: 504
  • Misc Annual Income: 0
  • Trash Expense: $660
Unit 1
  • Fireplace YN: Y
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: Y
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4

Property History for 1701 South 5th Street

DateEvent & SourcePriceAppreciation
Jun 17, 2021

Sold

RMLS ALLIANCE #CA1006505

$170,000
Jun 16, 2021

Sold (Public Record)

Public Record #1465965188

$170,000
Apr 24, 2021

Pending

RMLS ALLIANCE #CA1006505

DateEvent & SourcePrice
06/17/2021

Sold

RMLS ALLIANCE #CA1006505

$170,000
06/16/2021

Sold (Public Record)

Public Record #1465965188

$170,000
04/24/2021

Pending

RMLS ALLIANCE #CA1006505

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1701 South 5th Street

Taxable ValueLand$14,292Additions$38,845Total$53,137
Tax Record2025$4,302 ($359 / month)
Home Facts
Lot Size8,533 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN22-04.0-282-024

Schools near 1701 South 5th Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harvard Park Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Springfield Southeast High School
Public9 to 12

Lawrence Education Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group Inc.

Based on information submitted to the MLS GRID as of 06/17/2026 02:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.