Under contract

824 E Ridgely Ave, Springfield, IL 62702

Sqft
2,752

View property features, location on map, relevant school information and overview from seller's agent.

Listed byThe Real Estate Group, Inc.
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Overview

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"

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
2,752
Lot size (acres)
0.21
Year built
1993

Interior features

Laundry
None

Utilities

Heating
Forced Air, Natural Gas
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Insurance
$544

Taxes

Tax Annual Amount (2025)
$7,159.16

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: RMLS Alliance MLS®#: CA1043403 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.