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"
For sale
Price cut: $20K (6/5)
$379,900
824 E Ridgely Ave, Springfield, IL 62702
8beds
4baths
2,752sqft
Multi Family, Apartment
Built in 1993
-- sqft lot
$366,800 Zestimate®
$138/sqft
$-- HOA
What's special
Multiple new hvac systemsNew roof
- 37 days |
- 639 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Kyle T Killebrew Mobl:217-741-4040,
The Real Estate Group, Inc.
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1043403
Originating MLS: Capital Area Association of Realtors

Tour with a local agent
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: $138/sqft
- Annual tax amount: $7,159
- Date on market: 5/1/2026
- Cumulative days on market: 38 days
- Lease term: Variable
- Tenant pays: Water
- Road surface type: Paved
Estimated market value
$366,800
$348,000 - $385,000
$1,131/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $379,900-5%$138/sqft |
Source: | ||
| 5/1/2026 | Listed for sale | $399,900+95.1%$145/sqft |
Source: | ||
| 2/25/2026 | Listing removed | $875 |
Source: Zillow Rentals Report a problem | ||
| 10/25/2025 | Price change | $875+2.9% |
Source: Zillow Rentals Report a problem | ||
| 10/7/2025 | Listed for rent | $850+38.2% |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/18/2021 | Sold | $205,000$74/sqft |
Source: | ||
| 1/13/2020 | Listing removed | $615 |
Source: Owner Report a problem | ||
| 12/13/2019 | Listed for rent | $615+3.4% |
Source: Owner Report a problem | ||
| 8/3/2019 | Listing removed | $595 |
Source: Owner Report a problem | ||
| 7/22/2019 | Price change | $595-3.3% |
Source: Owner Report a problem | ||
| 5/3/2019 | Listed for rent | $615 |
Source: Owner Report a problem | ||
| 3/11/2019 | Listing removed | $615 |
Source: Owner Report a problem | ||
| 11/16/2018 | Price change | $615+3.4% |
Source: Owner Report a problem | ||
| 11/3/2018 | Listed for rent | $595 |
Source: Owner Report a problem | ||
| 2/21/2018 | Listing removed | $595 |
Source: Owner Report a problem | ||
| 2/16/2018 | Listed for rent | $595-4.8% |
Source: Owner Report a problem | ||
| 4/20/2017 | Listing removed | $625 |
Source: Owner Report a problem | ||
| 2/20/2017 | Listed for rent | $625 |
Source: Owner Report a problem | ||
| 12/29/2016 | Listing removed | $625+5% |
Source: Owner Report a problem | ||
| 3/15/2016 | Listing removed | $595 |
Source: Owner Report a problem | ||
| 3/1/2016 | Listed for rent | $595 |
Source: Owner Report a problem | ||
| 8/27/2015 | Listing removed | $595 |
Source: Owner Report a problem | ||
| 8/3/2015 | Listed for rent | $595+5.3% |
Source: Owner Report a problem | ||
| 4/2/2013 | Listing removed | $565 |
Source: Smart Choice Properties Report a problem | ||
| 3/26/2013 | Listed for rent | $565 |
Source: Smart Choice Properties Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 62702
Nearby schools
GreatSchools rating
- 4/10Ridgely Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 1/10Washington Middle SchoolGrades: 6-8Distance: 2.2 mi
- 1/10Lanphier High SchoolGrades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Sangamon County
- Springfield
- 62702
- 824 E Ridgely Ave








