Homes for sale - 824/812 E Ridgely AVE, Springfield, IL 62702

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Dorian James

dorian@dorianjames.com +1(309) 247-1604

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

$ 370,000

Est. payment | -/mo

4,500 SqFt

Save

$ 370,000

Est. payment | -/mo

Save

4,500 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $82

MLS Listing ID CA1032325

Maintenance Fees $3,106

Originating Board rmlsa

Year Built 1993

Annual Tax Amount $5,867

Tax Year 2023

Lot Dimensions 150 x 61

Property Description

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.

Location

State IL

County Sangamon

Area Springfield

Direction From North 9th St to W on Ridgely

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Gas, Central Air

Fireplace N

Laundry None

Exterior

View true

Roof Type Shingle

Street Surface Paved

Total Parking Spaces 6

Garage 1

Building

Lot Description Level

Faces From North 9th St to W on Ridgely

Unit Features [{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1371474Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":650,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1371474Group_2\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1371474Group_3\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":800,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1371474Group_4\"}]

Water Public Sewer, Public

Structure Type Wood Siding

New Construction false

Schools

High Schools Springfield District #186

Others

Tax ID 14-22.0-401-019

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(309) 247-1604

dorian@dorianjames.com

1600 Hunt Dr, Normal, IL, 61761, USA

824/812 E Ridgely AVE Springfield, IL 62702