1025 S 5th St Springfield, IL 62703
Old Aristocracy Hill NeighborhoodEstimated payment $6,884/month
Highlights
- Guest Parking
- Forced Air Heating and Cooling System
- Level Lot
- Springfield High School Rated A-
About This Home
Flats On Fifth is a 19-unit multifamily asset in the heart of Springfield offering 19 renovated 1 bed 1 bath units across 2 levels & approx. 14,000 SF, allpositioned next to major demand drivers including Springfield Clinic Main Campus. Units were updated in 2022–2023 with flooring, paint, cabinets/counters as needed& appliances as needed, plus most HVAC has been refurbished or replaced in the last 18 months. Owner is currently replacing the entire roof on the north building.Value-add remains with an approx. 800 SF office space that’s currently vacant, includes 2 bathrooms & can be renovated & leased for additional income. Central,commuter-friendly location surrounded by well-kept commercial properties supports strong tenant demand including mid-term stays like traveling nurses & students.
Listing Agent
The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 02/23/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,955
Year Built
- Built in 1958
Lot Details
- Lot Dimensions are 130 x 118
- Level Lot
Home Design
- 14,000 Sq Ft Home
- Brick Exterior Construction
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 30 Parking Spaces
- Guest Parking
Schools
- Springfield District #186 High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- Trash Expense $2,346
Listing and Financial Details
- Assessor Parcel Number 14340353025
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $22,955 | $273,285 | $40,476 | $232,809 |
| 2023 | $16,697 | $188,862 | $36,972 | $151,890 |
| 2022 | $15,557 | $173,610 | $35,070 | $138,540 |
| 2021 | $15,041 | $167,110 | $33,757 | $133,353 |
| 2020 | $14,743 | $167,361 | $33,808 | $133,553 |
| 2019 | $14,469 | $166,777 | $33,690 | $133,087 |
| 2018 | $15,492 | $183,358 | $33,533 | $149,825 |
| 2017 | $15,171 | $180,987 | $33,099 | $147,888 |
| 2016 | $14,873 | $178,347 | $32,616 | $145,731 |
| 2015 | $14,729 | $176,215 | $32,226 | $143,989 |
| 2014 | $14,509 | $175,077 | $32,018 | $143,059 |
| 2013 | $14,185 | $175,077 | $32,018 | $143,059 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/23/2026 02/23/26 | For Sale | $965,000 | +75.5% | $69 / Sq Ft | |
| 02/07/2022 02/07/22 | Sold | $550,000 | -2.7% | $44 / Sq Ft | View Prior Sale |
| 11/24/2021 11/24/21 | Pending | -- | -- | -- | |
| 09/22/2021 09/22/21 | For Sale | $565,000 | -- | $46 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $850,000 | None Listed On Document | |
| Warranty Deed | $550,000 | Delano Law Offices Llc | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $680,000 | New Conventional | |
| Previous Owner | $440,000 | New Conventional |
Source: RMLS Alliance
MLS Number: CA1041899
APN: 14-34.0-353-025
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