$2,999,999
25 Beds
25 Baths
50,691 sqft (on 0.36 acres)
501 E Capitol Ave, Springfield, IL 62701
Est. Mortgage $21,560/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1978
0.36 acre lot
$59/sqft
Open Parking
Local Information
- Map ViewExplore the area around 501 E Capitol Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
What's unique:Updated appliances
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.
Last check for updates: about 4 hours ago
Listing courtesy of Melissa Gates, (217) 381-0200
Garrison Group Keller Williams
Originating MLS: Capital Area Association of Realtors
Source: RMLS Alliance as distributed by MLS GRID, MLS#CA1046897
Also Listed on RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 2026-10-01 15:57:58 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
Home Details for 501 E Capitol Ave
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Interior Details Basement: Full,Unfinished |
Beds & Baths Number of Bedrooms: 25Number of Bathrooms: 25 |
Dimensions and Layout Living Area: 50691 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Water HeaterDishwasherDryerRefrigeratorWasher |
Heating & Cooling Heating: Electric,Forced Air,Hot WaterHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Electric |
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Exterior Home Features Roof: Other Rubber |
Parking & Garage No CarportNo Attached GarageHas Open ParkingParking: On Street |
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Days on Market: <1 day on Trulia |
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Year Built Year Built: 1978 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: BrickNot a New ConstructionHas Additional Parcels |
Property Information Parcel Number: 14340134015Additional Parcels Description: 016, 017, 018, 019 |
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Price List Price: $2,999,999Price Per Sqft: $59 |
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MLS Status: Active |
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Direction & Address City: SpringfieldCommunity: None |
School Information High School: Springfield District #186 |
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Listing Agent Listing ID: CA1046897 |
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Building Area Building Area: 50691 Square Feet |
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Not Senior Community |
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Association for this Listing: Capital Area Association of Realtors |
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Lot Area: 0.36 acres |
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Mobile Home Park Mobile Home Units: Feet |
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Mls Number: CA1046897Showing Attended |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
At least 9 Trulia users voted on each feature.
87 % Say car is needed
85 % Say there are sidewalks
81 % Say streets are well-lit
78 % Say it's walkable to restaurants
76 % Say parking is easy
69 % Say it's dog friendly
53 % Say there's wildlife
53 % Say there are community events
50 % Say people would walk alone at night
43 % Say there's holiday spirit
42 % Say neighbors are friendly
39 % Say they plan to stay for at least 5 years
35 % Say it's walkable to grocery stores
29 % Say it's quiet
23 % Say yards are well-kept
15 % Say kids play outside
Sourced by Trulia users. Learn more about our methodology.
Market trends in Springfield
Last updated August 2026
Avg. sale price
$190K
$2.08KMoM
Sale-to-List Price
100.0%
Price per sq ft
$116
$1MoM
Available listings
317
25MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.58 | Multi-Family Home | $965,000 | 04/17/26 | 4 | 4 | 14,000 | |
0.81 | Multi-Family Home | $545,000 | 10/27/25 | 8 | 4 | 9,747 | |
0.68 | Multi-Family Home | $153,000 | 08/27/26 | 6 | 4 | 3,000 | |
0.64 | Multi-Family Home | $385,000 | 01/16/26 | 6 | 4 | 5,520 | |
0.75 | Multi-Family Home | $360,000 | 07/20/26 | 8 | 4 | 3,300 | |
0.76 | Multi-Family Home | $330,000 | 11/14/25 | 6 | 4 | 3,584 | |
1.66 | Multi-Family Home | $337,700 | 01/29/26 | 26 | 27 | 15,054 | |
0.76 | Multi-Family Home | $53,000 | 11/18/25 | 4 | 2 | 1,800 | |
0.90 | Multi-Family Home | $60,000 | 01/30/26 | 4 | 3 | 2,585 | |
0.99 | Multi-Family Home | $100,000 | 10/06/25 | 8 | 4 | 2,664 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | - | - | - | - | Off Market | |
0.02 | - | - | - | - | Off Market | |
0.02 | - | - | - | - | Off Market | |
0.05 | - | 2 | 1 | - | Off Market | |
0.05 | $177,000 | Studio | - | 4,800 | Off Market | |
0.05 | $174,700 | Studio | - | - | Off Market | |
0.06 | $131,900 | 2 | 1.5 | 1,100 | Off Market | |
0.06 | $131,900 | 2 | 1.5 | 1,100 | Off Market | |
0.06 | - | 1 | 1 | - | Off Market | |
0.07 | $109,900 | Studio | - | - | Off Market | |
0.07 | $131,900 | 2 | 1.5 | 1,100 | Off Market | |
0.07 | - | 1 | 1 | 950 | Off Market | |
0.07 | - | 2 | 1.5 | 1,800 | Off Market | |
0.07 | $150,500 | Studio | - | - | Off Market | |
0.07 | - | Studio | - | - | Off Market | |
0.07 | - | - | - | - | Off Market | |
0.07 | - | - | - | - | Off Market | |
0.07 | - | - | - | - | Off Market | |
0.07 | $364,800 | Studio | 4 | 7,176 | Off Market | |
0.07 | $185,800 | Studio | - | 3,800 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Oct 1, 2026 Source: RMLS Alliance as distributed by MLS GRID #CA1046897 | Listed For Sale | $2,999,999 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Melissa Gates, Garrison Group Keller Williams
Agent Phone: (217) 381-0200
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Frequently asked questions about 501 E Capitol Ave
- What is the estimated monthly payment for 501 E Capitol Ave?Based on a $2,999,999 list price with 20% down at today's rates, the estimated monthly payment for 501 E Capitol Ave in Springfield, IL is approximately $22,037 (about $17,012 principal & interest, $4,950 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 501 E Capitol Ave compare to homes in Springfield?501 E Capitol Ave in Springfield, IL is listed at $2,999,999, about 1478% above the $190K median sale price in Springfield.
- What do residents say about the Downtown neighborhood?Residents describe the Downtown neighborhood in Springfield, IL as pedestrian-friendly, walkable to restaurants, and easy to park in. See homes for sale in Downtown, Springfield.
- What are the closest schools to 501 E Capitol Ave?The closest schools to 501 E Capitol Ave in Springfield, IL are Benjamin Franklin Middle School (rated 4/10), Elizabeth Graham Elementary School (rated 3/10), Springfield High School (rated 5/10).
- Does 501 E Capitol Ave have air conditioning?Yes, 501 E Capitol Ave in Springfield, IL has air conditioning.
- Does 501 E Capitol Ave have laundry facilities?Yes, 501 E Capitol Ave in Springfield, IL has in-unit laundry.
501 E Capitol Ave, Springfield, IL 62701 is a 25 bedroom, 25 bathroom, 50,691 sqft multi-family built in 1978. 501 E Capitol Ave is located in Downtown, Springfield. This property is currently available for sale and was listed by RMLS Alliance as distributed by MLS GRID on Oct 1, 2026. The MLS # for this home is MLS# CA1046897.