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19478 Springfield Road

Groveland, IL 61535

$569,000 $2,398/Mo

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Description

Fully occupied and newly remodeled mixed-use building featuring 2 residential apartments and 3 commercial units. Long term tenants and long-term leases with a strong 9.07% cap rate and minimal landlord responsibilities. In place NOI of $51,216, and gross income of $62,556. Ideal for investors seeking stable cash flow and turn key property.

Property Details

Property Type : Residential Income

Price : $569,000

AD Id : 64669769

MLS Id : PA1257871

Year Built : 1979

County : Tazewell

Subdivision: Metes And Bounds

Map

What's Nearby

Nearby Areas

Features

Room Information

Basement: None
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Refrigerator, Water Heater, Range, Dryer Laundry Features: Common Area
Heating & Cooling

Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Zoned, Central Air

Building Information

Year Built: 1979 Building Area Total: 6200 Construction Materials: Brick, Wood Siding Private Pool: No Association Fee Frequency: Monthly

Lot Information

Lot Dimensions: .44 Lot Description: Level

Property Information

Subdivision: Pine Hill Source Property Type: Residential Income MLS Area Minor: PAAR Area Property Age: 47

Listing Price Information

Listing Price: $569000 Original Price: $599000

Tax Information

Parcel Number: 05-05-22-405-001 Tax Year: 2024 Annual Tax: $7260.14 Tax Legal Desc: SEC 22 T25N R4W PINE HILL SUBD EXT 1 LOT 1 SE 1/4

Parking Information

Parking Total: 25 Parking Pad

Homeowners Association Information
Has Association: Yes

School Information

Elementary School:

Junior High School:

Senior High School: Morton
Location Information

Direction: Springfield Road to Groveland to 4 way stop signs - sits on corner. WaterSource: Public

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Based on information submitted to the MLS GRID as of 06/15/2026 @ 23:21. 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.

ByOwner last updated this listing 06/15/2026 @ 23:21

MLS: PA1257871 LISTED BY: Tonya Crawford, R & R Realty 309-696-7628 SOURCE: RMLS Alliance