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524 E Ridgely Avenue #G, H, I, J, K L

Springfield, IL 62702

$250,000 $1,054/Mo

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Description

Great opportunity to own a 6 units just a couple blocks away from Lincoln Park. One building is a 4-plex and the other is a duplex. All fully occupied with a total gross monthly income of $3,850. New roof layover just installed in August 2024. New siding on the 4-plex. Tenant pays for all utilities. Owner pays for garbage expense.

Property Details

Property Type : Residential Income

Price : $250,000

AD Id : 78335733

MLS Id : CA1043636

Year Built : 1983

County : Sangamon

Map

What's Nearby

Nearby Areas

Features

Room Information

Basement: None
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Refrigerator, Water Heater, Range
Heating & Cooling

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

Building Information

Year Built: 1983 Building Area Total: 6000 Construction Materials: Vinyl Siding, Wood Siding Private Pool: No Association Fee Frequency: Monthly

Lot Information

Lot Dimensions: 66 x 130 x 75 Lot Description: Level, Other

Property Information

Subdivision: None Source Property Type: Residential Income MLS Area Minor: Springfield Property Age: 43

Listing Price Information

Listing Price: $250000

Tax Information

Parcel Number: 14220326048 Tax Year: 2026 Annual Tax: $6625 Tax Legal Desc: See tax records

Parking Information

Parking Total: 6 Other

Homeowners Association Information
Has Association: Yes

School Information

Elementary School:

Junior High School:

Senior High School: Springfield District #186
Location Information

Direction: IL Rt 4 to East on Browning Rd. Right on N 5th St. Left on Ridgely. 6-plex is in the back. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1702 E Cummins Avenue, Springfield, IL, 62702	$55,753	2	1	696	696 SqFt
905 N Wesley Street, Springfield, IL, 62702	$70,000	2	1	700	700 SqFt
2510 & 2518 W Jefferson.., Springfield, IL, 62702	$749,800	--	--	--
3229 E Enos Avenue, Springfield, IL, 62702	$107,000	3	1	1,023	1,023 SqFt
3131 E Enos Avenue, Springfield, IL, 62702	$160,000	3	3	2,422	2,422 SqFt
3076 Louise Lane, Springfield, IL, 62702	$149,900	5	2	1,437	1,437 SqFt
1624 N 28th Street, Springfield, IL, 62702	$94,900	2	1	704	704 SqFt
2335 Ramsey Avenue, Springfield, IL, 62702	$75,000	3	1	864	864 SqFt
2405 Eastview Drive, Springfield, IL, 62702	$210,000	2	3	2,607	2,607 SqFt
2201 E Converse Street, Springfield, IL, 62702	$129,900	3	1	1,226	1,226 SqFt

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Based on information submitted to the MLS GRID as of 06/03/2026 @ 20:58. 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 06/03/2026 @ 20:58

MLS: CA1043636 LISTED BY: Jami Winchester, The Real Estate Group, Inc. 217-787-7000 SOURCE: RMLS Alliance