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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
    $379,200 Zestimate®
    $81/sqft
    $1,239 Estimated rent

    Home value

    $379,200

    $345,000 - $417,000

    $1,239/mo

    Zestimate® history
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    $2,428/mo

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    What's special

    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.

    Zillow last checked: 8 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, 475206457

    Keller Williams Capital

    Source: RMLS Alliance,MLS#: CA1032325MLS LogoOriginating MLS: Capital Area Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Forced Air
    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

    Price history

    DateEventPrice
    12/20/2024Sold$363,000-1.9%$81/sqft
    Source: RMLS Alliance #CA1032325
    10/9/2024Pending sale$370,000$82/sqft
    Source: RMLS Alliance #CA1032325
    10/4/2024Listed for sale$370,000$82/sqft
    Source: RMLS Alliance #CA1032325

    Public tax history

    Tax history is unavailable.

    Neighborhood: 62702

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.