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824 E Ridgely Avenue

Springfield, IL 62702

$399,900 $1,685/Mo

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Description

This 4,500 Square Foot, Six unit apartment building offers an outstanding investment opportunity with a variety of recent upgrades. The building itself, has undergone significant updating, including a new roof and all new siding in 2021. All six units have been renovated. With updates like multiple new HVAC systems and water heaters. the sale also includes an additional parcel to the west, with the potential to rebuild another six-unit structure on the site where a previous building stood. Prospective buyers should explore grant programs that may support this rebuilding opportunity, adding further value to the property. This is an ideal opportunity for investors looking for a property with minimal initial maintenance and significant growth potential. "Professional photography was t aken prior to units being occupied"

Property Details

Property Type : Residential Income

Price : $399,900

AD Id : 77911381

MLS Id : CA1043403

Year Built : 1993

County : Sangamon

Map

What's Nearby

Nearby Areas

Features

Room Information

Basement: Crawl Space
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Refrigerator, Water Heater, Range Laundry Features: None
Heating & Cooling

Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1993 Building Area Total: 2752 Construction Materials: Wood Siding Private Pool: No Association Fee Frequency: Monthly

Lot Information

Lot Dimensions: 150 x 61 Lot Description: Level

Property Information

Subdivision: None Source Property Type: Residential Income MLS Area Minor: Springfield Property SubType: Multi Family Property Age: 33

Listing Price Information

Listing Price: $399900

Tax Information

Parcel Number: 14-22.0-401-019 Tax Year: 2025 Annual Tax: $7159.16 Tax Legal Desc: Converse Sub Of Nw Pt. Se1/4 W. 60' Lot 2

Parking Information

Parking Total: 6 Assigned

Homeowners Association Information
Has Association: Yes

School Information

Elementary School:

Junior High School:

Senior High School: Springfield District #186
Location Information

Direction: From North 9th St to W on Ridgely WaterSource: Public

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Based on information submitted to the MLS GRID as of 06/04/2026 @ 04:01. 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 06/04/2026 @ 04:01

MLS: CA1043403 LISTED BY: Kyle Killebrew, The Real Estate Group, Inc. 217-787-7000 SOURCE: RMLS Alliance