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824 E Ridgely Avenue, 
Springfield, IL 62702

$399,900

—

Bed

—

Bath

2,752

Sq Ft

Multi-Family

Active

Listed by

Kyle Killebrew

The Real Estate Group, Inc.

217-787-7000

Last updated:

May 24, 2026, 02:19 PM

MLS#

CA1043403

Source:

IL CAAR

About This Home

824 E Ridgely Avenue

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"

Home Facts

Multi-Family

Built in 1993

Price Summary

399,900

$145 per Sq. Ft.

MLS #:

CA1043403

Last Updated:

May 24, 2026, 02:19 PM

Added:

23 day(s) ago

Rooms & Interior

Interior

Living Area:

2,752 Sq. Ft.

Structure

Structure

Building Area:

2,752 Sq. Ft.

Year Built:

1993

Finances & Disclosures

Finances

Price:

$399,900

Price per Sq. Ft:

$145 per Sq. Ft.

Source:IL CAAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.