Renovated Six-Unit Apartment
For Sale
$369,900
824 E Ridgely Avenue, Springfield, IL 62702
MULTI_FAMILY - Springfield, IL
Property Size4,500 SF
Price / SF$82.20
Days on Market100
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 5, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 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
Active
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
Natural Gas, Forced Air
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: Aug 7
Last Checked: Aug 8 at 6:06PM
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.
This 4,500-square-foot apartment building contains six units, all of which have been renovated. The 1993 property has received a new roof and new wood siding, both completed in 2021. Multiple HVAC systems and water heaters have also been replaced. Heating is provided by natural gas and forced air, with central air conditioning and assigned parking.
The sale includes an additional parcel west of the building. A prior structure occupied that parcel, and the site may support construction of another six-unit building, subject to applicable review and approvals. The property is located at 824 E Ridgely Avenue in Springfield, Illinois.
The sale includes an additional parcel west of the building. A prior structure occupied that parcel, and the site may support construction of another six-unit building, subject to applicable review and approvals. The property is located at 824 E Ridgely Avenue in Springfield, Illinois.
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with assigned parking, central air, and natural-gas forced-air heating.
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
