Six-Unit Multifamily
For Sale
$250,000
524 E Ridgely Avenue, Springfield, IL 62702
MULTI_FAMILY - Springfield, IL
Property SizeContact for details
Days on Market94
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
Bathroom 8, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 7, Bathroom 4, Bedroom 4, Bathroom 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
Active
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 10
Last Checked: Aug 12 at 1:06PM
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 six-unit multifamily property consists of one four-plex and one duplex, and is reported as fully occupied. Tenant-paid utilities are in place, with the owner paying for garbage expense. The property was built in 1983 and features vinyl and wood siding and shingle roofing.
Recent exterior updates include a new roof overlay installed in August 2024 and new siding on the four-plex. Heating is forced air and cooling is provided by central air.
The unit mix provides a two-building layout under one ownership, with opportunities to manage tenants across the four-plex and the duplex in a single property platform.
Recent exterior updates include a new roof overlay installed in August 2024 and new siding on the four-plex. Heating is forced air and cooling is provided by central air.
The unit mix provides a two-building layout under one ownership, with opportunities to manage tenants across the four-plex and the duplex in a single property platform.
Key Highlights
- Six units split between one four‑plex and one duplex, fully occupied
- New roof overlay installed August 2024
- New siding on the four‑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?
Multifamily property - Six-unit multifamily property with a split 4-plex and duplex configuration and central air/forced-air heating.
Where is this multifamily property 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 units split between one four‑plex and one duplex, fully occupied; New roof overlay installed August 2024; New siding on the four‑plex
