Contact us: 563.441.1776
Description
Apartments fully occupied. Rare opportunity to own a mixed-use masterpiece in the heart of downtown Springfield IL. Originally constructed in 1854 as the First United Methodist Church, this iconic structure has stood as a pillar of architectural heritage for decades. Thoughtfully rehabilitated in 1978 and again in 2019. It now offers a seamless blend of historic charm and contemporary living. 25 apartments, each with in unit washer and dryers, Island, large full bathroom, updated appliances, with every unit offering a different floorplan. 3 separate office spaces, 1 currently with long term lease agreement and 2 additional commercial spaces. A turnkey investment. Full basement with a full kitchen, bathrooms, and more! This space has a ton of additional potential, and income while currently sitting at an impressive NOI. Whether you're drawn to its storied past or its strong financial future, this building delivers both character and performance. A cornerstone of Springfields urban fabric, ready for its next visionary owner.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Sangamon
High School: Springfield District #186
Subdivision: None
Listed By:
Garrison Group Keller Williams
RMLSA
MLS ID: CA1046897
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501 E Capitol Street, Springfield, IL 62701.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,999,999 | $2,999,999 | $2,999,999 |
| Down Payment | $105,000 | $0 | $600,000 |
| Monthly Mortgage Amount | $19,351 | $19,876 | $16,169 |
| Taxes | $4175 | $4175 | $4175 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,801 | $0 | $0 |
| Monthly Estimated Total | $26,202 | $24,926 | $21,219 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 11/09/2026. The listing information on this page last changed on 11/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 11/09/2026 8:30:34 AM EST) or MRED MLS (last updated Mon 11/09/2026 7:05:43 AM EST) or SCWMLS (last updated Mon 11/09/2026 8:27:01 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 11/08/2026 10:16:30 PM EST) or Cedar Rapids MLS (last updated Mon 11/09/2026 8:29:15 AM EST) or NEIRBR MLS (last updated Mon 11/09/2026 8:28:44 AM EST) or ICAAR MLS (last updated Sun 11/08/2026 11:37:27 PM EST) or ECIMLS (last updated Sun 11/08/2026 11:44:36 PM EST) or RMLSA (last updated Mon 11/09/2026 8:23:13 AM EST) or Muscatine MLS (last updated Mon 11/09/2026 2:00:12 AM EST) or No Coast MLS (last updated Mon 11/09/2026 8:24:22 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
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