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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.
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
Amenities
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
824 E Ridgely Avenue
Springfield, IL 62702
Property Details
Construction
Parking
Heating
Cooling
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.


