Six-Unit Quadplex
For Sale
$250,000
Pending
524 E Ridgely Avenue, Springfield, IL 62702
Residential Income, Springfield, IL
Property SizeContact for details
Days on Market108
Property Features for 524 E Ridgely Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
8
Full bathrooms
4
Half bathrooms
4
Rooms
Bedroom 4, Bathroom 5, Bathroom 6, Bathroom 8, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 1
Parking
6
Lot features
Level
High school
Springfield District #186
Directions
IL Rt 4 to East on Browning Rd. Right on N 5th St. Left on Ridgely. 6-plex is in the back.
Standard status
Pending
APN
14220326048
Taxes and HOA fees
Tax Year
2026
Tax Description
See tax records
Tax Annual Amount
6625
Legal Description
See tax records
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Number of units
6
Building materials
Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Jami Winchester · License #475109074
(217) 306-1000
Added: May 11
Changed: Aug 23
Last Checked: Aug 26 at 10:06AM
MLS# CA1043636
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.
Investment Insights
Based on property information with market context.
This multifamily property comprises two buildings with six total units: a four-unit building and a separate duplex. The improvements were built in 1983 and feature vinyl and wood siding, forced-air heating, central air, shingle roofing, and public water service. A roof layover was completed in August 2024, and the four-unit building has new siding.
The property is located at 524 E Ridgely Avenue in Springfield, within a couple blocks of Lincoln Park. All units are fully occupied. Tenants pay the utility costs, while the owner is responsible for garbage service.
The property is located at 524 E Ridgely Avenue in Springfield, within a couple blocks of Lincoln Park. All units are fully occupied. Tenants pay the utility costs, while the owner is responsible for garbage service.
Key Highlights
- Six total units across one 4‑unit building and one duplex
- Roof layover completed in August 2024
- New siding installed on the 4‑plex
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 62702, IL
33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-building multifamily asset with updated exterior components and tenant-paid utilities.
Where is this quadplex located?
The property is located at 524 E Ridgely Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Six total units across one 4‑unit building and one duplex; Roof layover completed in August 2024; New siding installed on the 4‑plex
