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524 E Ridgely Ave, Springfield, IL 62702

  • $250,000

    •

  • —

    bed

  • —

    bath

Multi-family for sale 13 hours
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About 524 E Ridgely Ave

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Movoto estimate
Property description
Great opportunity to own a 6 units just a couple blocks away from Lincoln Park. One building is a 4-plex and the other is a duplex. All fully occupied with a total gross monthly income of $3,850. New roof layover just installed in August 2024. New siding on the 4-plex. Tenant pays for all utilities. Owner pays for garbage expense.
Listed by
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1043636 • last updated 13 hours ago
Movoto checked RMLS Alliance for data 9 minutes ago
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Overview
Cooling/AC Central Air
Heating Forced Air
Levels/Style One Story, Other
MLS # CA1043636
Status Active
SubType Residential Income
Property Tax 6625
Year Built 1983
Exterior
Roof Shingle
Construction Vinyl Siding, Wood Siding
Parking Other
# of Parking Spaces 6
Lot Features Level, Other
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14220326048
Directions IL Rt 4 To East On Browning Rd. Right On N 5th St. Left On Ridgely. 6-plex Is In The Back.
Multifamily Details
Total # of Units 6
Net Operating Income 80919
Expense: Operating 4856
Expense: Maintenance 1430
Expense: Trash 1860
Gross Income 92400
Gross Scheduled Income 46200
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2/10
Ridgely Elementary School
public Grades PK, K-5
Springfield School District 186
2/10
Washington Middle School
public Grades 6-8
Springfield School District 186
2/10
Lanphier High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • IL
  • Sangamon County
  • Springfield
  • 62702
  • 524 E Ridgely Ave

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