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Sold for $355,000
  • $355,000

    824 E Ridgely Ave, Springfield, IL 62702

    8beds
    4baths
    2,752sqft
    Multi Family, Apartment
    Built in 1993
    -- sqft lot
    $356,200 Zestimate®
    $129/sqft
    $1,201 Estimated rent

    Home value

    $356,200

    $338,000 - $374,000

    $1,201/mo

    Zestimate® history
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    $1,201/mo

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    $2,604/mo

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    What's special

    Multiple new hvac systemsNew roof
    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"

    Zillow last checked:

    Listing updated:

    Listed by:

    Kyle T Killebrew Mobl:217-741-4040,

    The Real Estate Group, Inc.

    Bought with:

    Ketki Arya, 475167877

    The Real Estate Group, Inc.

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1043403MLS 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: 2,752
    • Total interior livable area: 2,752 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned
    Lot
    • Size: 9,150 Square Feet
    • Dimensions: 150 x 61
    • Features: Level
    Details
    • 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 & HOA

    Community
    • Subdivision: None
    Location
    • Region: Springfield

    Financial & listing details

    • Price per square foot: $129/sqft
    • Annual tax amount: $7,159
    • Date on market: 5/1/2026
    • Cumulative days on market: 57 days
    • Lease term: Variable
    • Tenant pays: Water
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/28/2026Sold$355,000-4%$129/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043403 Report a problem
    9/11/2026Pending sale$369,900$134/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043403 Report a problem
    7/29/2026Price change$369,900-2.6%$134/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043403 Report a problem
    6/13/2026Pending sale$379,900$138/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043403 Report a problem
    6/5/2026Price change$379,900-5%$138/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043403 Report a problem
    5/1/2026Listed for sale$399,900+95.1%$145/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043403 Report a problem
    2/25/2026Listing removed$875
    Source: Zillow Rentals Report a problem
    10/25/2025Price change$875+2.9%
    Source: Zillow Rentals Report a problem
    10/7/2025Listed for rent$850+38.2%
    Source: Zillow Rentals Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    3/18/2021Sold$205,000$74/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1004788 Report a problem
    1/13/2020Listing removed$615
    Source: Owner Report a problem
    12/13/2019Listed for rent$615+3.4%
    Source: Owner Report a problem
    8/3/2019Listing removed$595
    Source: Owner Report a problem
    7/22/2019Price change$595-3.3%
    Source: Owner Report a problem
    5/3/2019Listed for rent$615
    Source: Owner Report a problem
    3/11/2019Listing removed$615
    Source: Owner Report a problem
    11/16/2018Price change$615+3.4%
    Source: Owner Report a problem
    11/3/2018Listed for rent$595
    Source: Owner Report a problem
    2/21/2018Listing removed$595
    Source: Owner Report a problem
    2/16/2018Listed for rent$595-4.8%
    Source: Owner Report a problem
    4/20/2017Listing removed$625
    Source: Owner Report a problem
    2/20/2017Listed for rent$625
    Source: Owner Report a problem
    12/29/2016Listing removed$625+5%
    Source: Owner Report a problem
    3/15/2016Listing removed$595
    Source: Owner Report a problem
    3/1/2016Listed for rent$595
    Source: Owner Report a problem
    8/27/2015Listing removed$595
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 62702

    Nearby schools

    GreatSchools rating
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