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 & all-new siding in 2021. Five of the six units have been fully renovated since 2021, with updates like multiple new HVAC systems & water heaters. One unit is intentionally vacant and was just remodeled, making it ready to show & rent. 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. Do Not Disturb Tenants. Only the vacant unit can be shown.
Sold for $363,000 on 12/20/24
$363,000
824/812 E Ridgely Ave, Springfield, IL 62702
8beds
4baths
4,500sqft
Multi Family, Apartment
Built in 1993
-- sqft lot
$371,700 Zestimate®
$81/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 20, 2024 at 12:01pm
Listed by:
Kyle T Killebrew Mobl: 217-741-4040,
The Real Estate Group, Inc.
Bought with:
Rick Wiese
Keller Williams Capital
Source: RMLS Alliance,MLS#: CA1032325
Originating MLS: Capital Area Association of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Water Heater
- Laundry: None
Features
- Basement: Crawl Space
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned
Lot
- Size: 9,150 sqft
- Dimensions: 150 x 61
- Features: Level
Details
- Additional parcels included: 14220401003
- Parcel number: 1422.0401019
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Springfield
- Subdivision: None
Other
Other facts
- Road surface type: Paved
Services availability

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