Apartment Building with Renovated
For Sale
$369,900
Pending
824 E Ridgely Avenue, Springfield, IL 62702
Residential Income, Springfield, IL
Property Size4,500 SF
Days on Market147
Property Features for 824 E Ridgely Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 3
Parking
6
Parking features
Assigned
Basement
Crawl Space
Lot features
Level
High school
Springfield District #186
Directions
From North 9th St to W on Ridgely
Standard status
Pending
APN
14-22.0-401-019
Taxes and HOA fees
Tax Year
2025
Tax Description
Converse Sub Of Nw Pt. Se1/4 W. 60' Lot 2
Tax Annual Amount
7159
Legal Description
Converse Sub Of Nw Pt. Se1/4 W. 60' Lot 2
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1993
Number of units
6
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Kyle Killebrew · License #475109198
(217) 741-4040
Added: May 1
Changed: Sep 16
Last Checked: Sep 24 at 1:06PM
MLS# CA1043403
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.
Built in 1993, this six-unit apartment building contains 4,500 square feet and has been renovated throughout the units. Building improvements include a shingle roof and new wood siding completed in 2021, along with multiple new HVAC systems and water heaters. The property uses natural gas and forced-air heating, central air conditioning, public water, and assigned parking.
The sale includes an additional parcel west of the building. A prior structure occupied that parcel, which may support consideration of a future six-unit redevelopment subject to applicable approvals. The property is located in Springfield, Illinois, at 824 E Ridgely Avenue.
The sale includes an additional parcel west of the building. A prior structure occupied that parcel, which may support consideration of a future six-unit redevelopment subject to applicable approvals. The property is located in Springfield, Illinois, at 824 E Ridgely Avenue.
Key Highlights
- Six‑unit apartment building with 4,500 square feet
- All six units have been renovated
- New roof and wood siding completed in 2021
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
507
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated units feature updated HVAC systems and water heaters.
Where is this apartment building located?
The property is located at 824 E Ridgely Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Six‑unit apartment building with 4,500 square feet; All six units have been renovated; New roof and wood siding completed in 2021
