824 E Ridgely Avenue, Springfield, IL 62702 (MLS # CA1043403)

Price $399,900
Status Active
Beds 0
Baths 0 Bath
Home size 2,752 sqft
Lot Size n/a
Days on Market 1
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 taken prior to units being occupied"
Property Type(s): Multi Family
Last Updated 5/1/2026 Tract None
Year Built 1993 Community Springfield
County Sangamon

SCHOOLS

High School Springfield District #186

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Range, Refrigerator, Water Heater
AREA Springfield
BASEMENT Crawl Space
CONSTRUCTION Wood Siding
HEAT Forced Air, Natural Gas
HOA DUES Monthly
LOT DESCRIPTION Level
LOT DIMENSIONS 150 x 61
PARKING Assigned
SEWER Public Sewer
SUBDIVISION None
TAXES 7159.16
WATER Public
Listing provided by Kyle T Killebrew, The Real Estate Group, Inc., Mobl: 217-741-4040

RMLS Alliance

Listings courtesy of RMLS Alliance as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/1/26 4:44 PM 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. Properties displayed may be listed or sold by various participants in the MLS.

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