824 E Ridgely Avenue, Springfield, IL 62702

• 2,752 sqft

Property Description

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 and all new siding in 2021. All six units have been renovated. With updates like multiple new HVAC systems and water heaters. 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. "Professional photography was taken prior to units being occupied"

Listing Status:

Active

Data Last Updated:

May 25, 2026 at 4:17AM

Listing Office:

The Real Estate Group, Inc. : 217-787-7000

Listing Agent:

Kyle T Killebrew : 217-741-4040

MLS ID:

CA1043403

Interior

• Laundry: None
• Basement: Crawl Space
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• Parking: AssignedParking spaces: 6

Construction

• Roofing: Shingle

Location

• Road/Access: Paved
• Originating MLS: rmlsa
• County: Sangamon

Lot

• Zoning: Converse Sub Of Nw Pt. Se1/4 W. 60' Lot 214-22.0-401-019

Utilities

• Water: Public SewerPublic

Financial

• Source: rmlsa