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.
For sale
$569,000
19478 Springfield Rd, Groveland, IL 61535
2beds
5baths
6,200sqft
Est.:
Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$92/sqft
$-- HOA
What's special
- 333 days |
- 471 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: February 09, 2026 at 12:01pm
Listed by:
Tonya Crawford Office:309-696-7628,
R & R Realty
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1257871
Originating MLS: Peoria Area Association of Realtors

Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 5
Heating
- Forced Air
Cooling
- Zoned, Central Air, Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Water Heater
- Laundry: Common Area
Features
- Basement: None
Interior area
- Total structure area: 6,200
- Total interior livable area: 6,200 sqft
Property
Parking
- Total spaces: 25
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 0.44 Acres
- Dimensions: .44
- Features: Level
Details
- Parcel number: 050522405001
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Partial, Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Pine Hill
Location
- Region: Groveland
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $318,510
- Annual tax amount: $7,260
- Date on market: 5/14/2025
- Cumulative days on market: 334 days
- Lease term: One Year or Less
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,092/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Price change | $569,000-0.2%$92/sqft |
Source: | ||
| 11/10/2025 | Price change | $570,000-1.7%$92/sqft |
Source: | ||
| 10/29/2025 | Price change | $580,000-1.2%$94/sqft |
Source: | ||
| 9/17/2025 | Price change | $587,000-0.2%$95/sqft |
Source: | ||
| 8/28/2025 | Price change | $588,000-0.2%$95/sqft |
Source: | ||
| 8/6/2025 | Price change | $589,000-0.2%$95/sqft |
Source: | ||
| 6/20/2025 | Price change | $590,000-1.5%$95/sqft |
Source: | ||
| 5/14/2025 | Listed for sale | $599,000+130.4%$97/sqft |
Source: | ||
| 6/3/2019 | Sold | $260,000+8.3%$42/sqft |
Source: Public Record Report a problem | ||
| 2/23/2007 | Sold | $240,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,260 +5.1% | $106,170 +8.9% |
| 2023 | $6,910 +2.9% | $97,480 +8.1% |
| 2022 | $6,715 +4.1% | $90,170 +4% |
| 2021 | $6,450 +2.8% | $86,700 |
| 2020 | $6,275 -4.3% | $86,700 -4.5% |
| 2019 | $6,556 +1.9% | $90,760 |
| 2018 | $6,435 | $90,760 +3.2% |
| 2017 | $6,435 +2.7% | $87,930 |
| 2016 | $6,268 +4.2% | $87,930 |
| 2015 | $6,015 +1% | -- |
| 2013 | $5,958 | $87,930 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,753/mo
Principal & interest
$2753
Property taxes
$1000
More affordability tools
Climate risks
Neighborhood: 61535
Nearby schools
GreatSchools rating
- NAMorton AcademyGrades: K-12Distance: 3.7 mi
Schools provided by the listing agent
- High: Morton
Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 61535
- Illinois
- Tazewell County
- Groveland
- 61535
- 19478 Springfield Rd




