SOLD SEP 28, 2026

Sold on sep 2026

$355,000

•

2,752

sq ft

824 E Ridgely Ave, Springfield, IL 62702

About this home

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"

Multi-familyProperty Type

1993Year Built

9,150 sq ftLot Size

$129Price/Sq.Ft.

6 spacesParking

Listed by Kyle Killebrew • The Real Estate Group, Inc.

Contact: Mobl: 217-741-4040

Bought with Ketki Arya • The Real Estate Group, Inc.

Redfin checked: 2 minutes ago

•Source:RMLSA as Distributed by MLS Grid #CA1043403

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 62702, IL

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.0%

1.0% MoM

Median sale price

$131K

$12K MoM

Avg. days on market

1 days MoM

Recently sold homes

108

5 MoM

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Sale and tax history for 824 E Ridgely Ave

Sale History
Tax History

Date

Event

Price

RMLSA as Distributed by MLS Grid #CA1043403

Sep 28, 2026

Sold

$355,000

$129/sq ft

Sep 11, 2026

Pending

—

Aug 6, 2026

Relisted

—

Jul 29, 2026

Relisted

—

Jul 29, 2026

Price Changed

$369,900

$134/sq ft

Jul 29, 2026

Listing Removed

—

Jun 13, 2026

Pending

—

Jun 5, 2026

Price Changed

$379,900

$138/sq ft

May 1, 2026

Listed

$399,900

$145/sq ft

RENTALBEAST #5

Mar 1, 2026

Rental Removed

$875

$0/sq ft

Oct 25, 2025

Listed for Rent

$875

$0/sq ft

RENTALBEAST #4

Oct 24, 2025

Rental Removed

$875

$0/sq ft

Aug 10, 2025

Listed for Rent

$875

$0/sq ft

LEASESTAR #3

Apr 6, 2025

Rental Removed

$875

$0/sq ft

Jan 15, 2025

Listed for Rent

$875

$0/sq ft

BUILDIUM #2

Jan 15, 2025

Rental Removed

$875

$0/sq ft

Jan 11, 2025

Listed for Rent

$875

$0/sq ft

RMLSA as Distributed by MLS Grid #CA1032325

Dec 20, 2024

Sold

$363,000

$132/sq ft

Oct 8, 2024

Pending

—

Oct 4, 2024

Price Changed

$370,000

$134/sq ft

Oct 4, 2024

Listed

$205,000

$74/sq ft

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.

RENT. #1

Dec 6, 2022

Rental Removed

—

RMLSA as Distributed by MLS Grid #CA1004788

Mar 18, 2021

Sold

$205,000

$74/sq ft

Jan 28, 2021

Listed

$205,000

$74/sq ft

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Sangamon County

APN

14-22.0-401-019

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 25, 2023.

Property details

Parking

Parking Information
Parking Total: 6
Parking Features: Assigned

Interior

Heating & Cooling
Cooling: Central Air
Heating: Forced Air

Room Information
Basement: Crawl Space

Interior Features
Laundry Features: None

Multi-Unit Information
Units: 6

Unit 1 Information
Unit 1 Full Bathrooms: 1
Unit 1 Half Bathrooms: 0
Unit 1 Covered Parking Spaces: 0
Unit 1 Parking Spaces: 1
Unit 1 Uncovered Parking Spaces: 1
Unit 1 Actual Rent: 875
Unit 1 Type: Unit 1
Unit 1 Bedrooms: 2

Unit 2 Information
Unit 2 Full Bathrooms: 1
Unit 2 Half Bathrooms: 0
Unit 2 Covered Parking Spaces: 0
Unit 2 Parking Spaces: 1
Unit 2 Uncovered Parking Spaces: 1
Unit 2 Actual Rent: 875
Unit 2 Type: Unit 2
Unit 2 Bedrooms: 2

Unit 3 Information
Unit 3 Full Bathrooms: 1
Unit 3 Half Bathrooms: 0
Unit 3 Covered Parking Spaces: 0
Unit 3 Parking Spaces: 1
Unit 3 Uncovered Parking Spaces: 1
Unit 3 Actual Rent: 875
Unit 3 Type: Unit 3
Unit 3 Bedrooms: 2

Unit 4 Information
Unit 4 Full Bathrooms: 1
Unit 4 Half Bathrooms: 0
Unit 4 Covered Parking Spaces: 0
Unit 4 Parking Spaces: 1
Unit 4 Uncovered Parking Spaces: 1
Unit 4 Actual Rent: 875
Unit 4 Type: Unit 4
Unit 4 Bedrooms: 2

Exterior

Property Type
Property Sub Type: Residential Income

Exterior Features
Roof: Shingle

Property Information
Property Sub Type: Residential Income

Lot Information
Lot Features: Level
Lot Size Dimensions: 150 x 61
Road Surface Type: Paved

Building Information
Is New Construction: No
Building Area Total: 2752

Financial

Tax Information
Tax Year: 2025
Tax Annual Amount: 7159.16
Tax Legal Description: Converse Sub Of Nw Pt. Se1/4 W. 60' Lot 2

Utilities

Utility Information
Water Source: Public Sewer, Public

Location

School Information
High School: Springfield District #186

Location Information
Directions: From North 9th St to W on Ridgely
Subdivision Name: None
MLS Area Minor: Springfield

Community Information
Laundry Features: None
Units: 6

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Sangamon County
APN: 14-22.0-401-019

Home facts updated by county records on May 25, 2023

Other

Listing Information
MLS Area Minor: Springfield
Standard Status: Closed

Home Information
Building Area Total: 2752
Structure Type: Apartment Building
Year Built: 1993

Around this home

Schools

Ridgely Elementary School

Public PreK-5 • Assigned • 0.4mi

4/10

Washington Middle School

Public 6-8 • Assigned • 2.2mi

1/10

Lanphier High School

Public 9-12 • Assigned • 0.5mi

1/10

Provided by GreatSchools

Historical weather

Springfield, IL • 62702

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

100/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 5% for direct sun exposure in Springfield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.1 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

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Home values near 824 E Ridgely Ave

Data from public records.

Address	Redfin Estimate
804 East Ridgely Ave, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$77,887
824 East Ridgely Ave Apt 5, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	—
1700 North 8th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$110,007
813 East Black Ave, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$94,486
1630 North 8th St, Springfield, IL - Beds \| - Baths \| 2300 Sq. Ft.	$98,808
1701 North 9th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$76,182
1620 North 8th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$17,410

Address	Redfin Estimate
824 East Ridgely Ave Apt 6, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	—
824 East Ridgely Ave Apt 3, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	—
1704 North 8th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$69,091
1620 North 8th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$17,448
1710 North 9th St, Springfield, IL 3 Beds \| 1 Baths \| 1724 Sq. Ft.	$74,582
805 East Black Ave, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	—
1623 North 8th St, Springfield, IL 2 Beds \| 2 Baths \| 1950 Sq. Ft.	$121,163

Address	Redfin Estimate
824 East Ridgely Ave Apt 4, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	—
1617 North Peoria Rd, Springfield, IL 4 Beds \| 2 Baths \| 1352 Sq. Ft.	$116,462
1612 North 8th St, Springfield, IL 2 Beds \| 1 Baths \| 1443 Sq. Ft.	$91,919
1709 North 9th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$82,014
1710 North 8th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	—
1707 North 9th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$81,676
1629 North 8th St, Springfield, IL - Beds \| - Baths \| - Sq. Ft.	$126,579

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