824 E Ridgely Ave

Baths
2,752 Sq. Ft.
$145 / Sq. Ft.
2,752
Sq. Ft.
$145
per Sq. Ft.

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...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"
  1. Listed by Kyle Killebrew • The Real Estate Group, Inc.
    P: (217)-741-4040 C: (217)-741-4040 kyle@kylesells.com

Property Details for 824 East Ridgely Avenue

Parking Total
6.0
Subdivision Name
None
LISTING UPDATED: 05/05/2026 03:01 PM

Property Details for 824 East Ridgely Avenue

StatusActive
MLS #CA1043403
Days on Market22
Taxes$7,159 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1993
Lot Size0.21 AC / 9,150 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.
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Building Information for 824 East Ridgely Avenue

Stories-Residences6Year Built1993Building Size-Lot Size0.21 AC / 9,150 SF

Payment Calculator

$2,589 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,993

Property Taxes

$597

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 824 East Ridgely Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: From North 9th St to W on Ridgely
  • Latitude: 39.823358
  • Longitude: -89.643647
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-22.0-401-019
  • Tax Annual Amount: $7,159
  • Tax Legal Description: Converse Sub Of Nw Pt. Se1/4 W. 60' Lot 2
  • Tax Year: 2025
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Assigned
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 2752.0
  • Lot Features: Level
  • Lot Size Dimensions: 150 x 61
  • Number Of Units Total: 6
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Legal Description
  • New Construction: No
  • Year Built: 1993
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 6
  • Number Of Gas Meters: 6
  • Numberof Water Meters: 1
  • Water Sewer Expense: $3,600
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 2700
  • Roof: Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: Crawl Space
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: None
  • Number Of Central Air Units: 6
  • Number Of Heating Units: 6
  • Number Of Ranges: 6
  • Numberof Refrigerators: 6
  • Number Of Water Heaters: 6
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $60,720
  • Gross Scheduled Income: $60,720
  • Insurance Expense: $6,525
  • Maintenance Expense: $2,500
  • Manager Expense: $3,673
  • Net Operating Income: $32,883
  • Operating Expense: $20,678
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $1,680
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: Water

Property History for 824 East Ridgely Avenue

DateEvent & SourcePriceAppreciation
May 1, 2026

Listed (Active)

RMLS ALLIANCE #CA1043403

$399,900
Mar 18, 2021

Sold

RMLS ALLIANCE #CA1004788

$205,000
Mar 17, 2021

Sold (Public Record)

Public Record #1454444933

$205,000
DateEvent & SourcePrice
05/01/2026

Listed (Active)

RMLS ALLIANCE #CA1043403

$399,900
03/18/2021

Sold

RMLS ALLIANCE #CA1004788

$205,000
03/17/2021

Sold (Public Record)

Public Record #1454444933

$205,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 824 East Ridgely Avenue

Taxable ValueLand$7,232Additions$75,238Total$82,470
Tax Record2024$6,927 ($577 / month)
Home Facts
Lot Size9,116 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-22.0-401-019

Schools near 824 East Ridgely Avenue

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Ridgely Elementary School
PublicPK to 5

Washington Middle School
Public6 to 8

Lanphier High School
Public9 to 12

Douglas School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

824 East Ridgely Avenue is a multi-family home for sale in Springfield, IL 62702. This property was listed for sale on May 1, 2026 by The Real Estate Group, Inc., it's currently listed at $399,900. It has been on the market for a total of 22 days and was last sold on March 18, 2021. This listing's school district is Springfield School District 186. Nearby schools include Ridgely Elementary School, Washington Middle School and Lanphier High School. 824 East Ridgely Avenue is a 0-bed, 0-bath, 2,752 sqft multi-family home built in 1993.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Based on information submitted to the MLS GRID as of 05/05/2026 03:01 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.