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About This Home

This 8-bedroom, 4-bathroom residential multi family at 824 E Ridgely Avenue in Springfield, IL is listed for $399,900. Built in 1993, on a N/A lot.

Agent 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 taken prior to units being occupied"

Key Features

  • Built in 1993
  • 6 parking spaces

Property Details

4 full
6 spaces
1993

Amenities

A/C

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

824 E Ridgely Avenue

Springfield, IL 62702

Property Details

Construction

Wood Siding

Parking

Assigned

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 824 E Ridgely Avenue is listed at $399,900. The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.

Key features include: Built in 1993, 6 parking spaces.

This property is listed by Kyle Killebrew and can be reached at 2177414040 or kyle@kylesells.com.

KK

Kyle Killebrew

Agent at The Real Estate Group, Inc.

(217) 741-4040

Listed by The Real Estate Group, Inc. · View on Broker Site

MLS# CA1043403· Source: listhub· Updated 31 days ago

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

824 E Ridgely Avenue, Springfield, IL 62702

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