# 520 E S Grand Avenue, Springfield, IL 62703

> **TL;DR:** commercial, $675,000.
> A/C. Est. $2,925/mo. Listed 96 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $675,000 |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 96 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,925 |
| **Total** | **$2,925** |

## Key Amenities

- A/C

## Property Highlights

- 3 stories

## Description

### Agent Description
Listed under appraised value! This well-maintained 3-story historic brick apartment building is an amazing investment opportunity, featuring 12 fully furnished 1-bedroom units. Each apartment comes move-in ready with a complete furniture package including living room and bedroom sets, kitchen essentials, and flat-screen TVs-making it ideal for both long-term tenants and short-term rental opportunities. The property boasts a reliable boiler system providing consistent heat throughout the building, while each unit is equipped with a window A/C for comfort year-round. Newer windows and a roof replacement completed around 2016 ensure long-term durability and energy efficiency. Several apartments received recent upgrades in 2025, including new furnishings, refreshed bathroom vanities, modern cabinetry, updated appliances, and refinished tub/showers. With its combination of historic character, updated features, and turnkey furnished units, this building is a rare investment opportunity offering stable income potential and long-term value. In order to minimize disrupting current tenants, 48 hours notice is required for showings.

## Location

- **Address:** 520 E S Grand Avenue, Springfield, IL 62703
- **County:** Sangamon
- **Coordinates:** 39.786623, -89.644507
- **Google Maps:** https://www.google.com/maps?q=39.786623,-89.644507

## Listing Agent

- **Name:** Debra Sarsany
- **Brokerage:** The Real Estate Group, Inc.
- **Phone:** 2173130580
- **Email:** sarsanysells@yahoo.com

## Primary Photo

![520 E S Grand Avenue - Primary Photo](http://lh.rdcpix.com/908004e46080d3a3f12f651e2ddaeb4el-f3445191815r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/520-e-s-grand-avenue-springfield-il-62703-a1041154)*

---

**MLS#:** CA1041154 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/520-e-s-grand-avenue-springfield-il-62703-a1041154)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "520 E S Grand Avenue, Springfield, IL 62703",
  "description": "Listed under appraised value! This well-maintained 3-story historic brick apartment building is an amazing investment opportunity, featuring 12 fully furnished 1-bedroom units. Each apartment comes move-in ready with a complete furniture package including living room and bedroom sets, kitchen essentials, and flat-screen TVs-making it ideal for both long-term tenants and short-term rental opportunities. The property boasts a reliable boiler system providing consistent heat throughout the building",
  "url": "https://www.propertysimple.com/listing/520-e-s-grand-avenue-springfield-il-62703-a1041154",
  "image": "http://lh.rdcpix.com/908004e46080d3a3f12f651e2ddaeb4el-f3445191815r.jpg",
  "datePosted": "2026-04-24",
  "price": 675000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "520 E S Grand Avenue",
    "addressLocality": "Springfield",
    "addressRegion": "IL",
    "postalCode": "62703",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 39.786623,
    "longitude": -89.644507
  },
  "yearBuilt": null
}
```