524 East Ridgely Avenue

Springfield, IL 62702

$249,900
Price
Beds
6,000 Sq. Ft.
$42 / Sq. Ft.
6,000
Sq. Ft.
$42
per Sq. Ft.

Description

Great opportunity to own a 6 units just a couple blocks away from Lincoln Park. All fully occupied with a total gross monthly income of $3,550. New roof layover just installed in August 2024. Tenant pays for all utilities. Owner pays for garbage expense.Great opportunity to own a 6 units just a couple blocks away from Lincoln Park. All fully occupied with a total gross monthly income of $3,550. New roof layover just installed in August 2024. Tenant pays for all utilities. Owner pays for garbage expense.
  1. Listed by Jami Winchester • The Real Estate Group, Inc. • Mobl: 217-306-1000

Property Details for 524 East Ridgely Avenue

Parking Total
6.0
Subdivision Name
None
LISTING UPDATED: 11/24/2024 02:01 PM

Property Details for 524 East Ridgely Avenue

StatusPending ( No Showings )
MLS #CA1030828
Days on Market117
Taxes$6,163 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1983
Lot Size-
CountySangamon County

Building Information for 524 East Ridgely Avenue

Stories-Residences6Year Built1983Building Size-Lot Size-

Property Information for 524 East Ridgely Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: IL Rt 4 to East on Browning Rd. Right on N 5th St. Left on Ridgely. 6-plex is in the back.
  • Latitude: 39.823275
  • Longitude: -89.648238
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14220326048
  • Tax Annual Amount: $6,163
  • Tax Legal Description: See tax records
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: One Story
  • Building Area Total: 6000.0
  • Lot Features: Level, Other
  • Lot Size Dimensions: 66 x 130 x 75
  • Number Of Units Total: 6
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1983
Utilities
  • Number Of Electric Meters: 6
  • Number Of Gas Meters: 6
  • Numberof Water Meters: 6
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: None
  • Heating: Forced Air, Central Air
  • Number Of Central Air Units: 6
  • Number Of Heating Units: 6
  • Number Of Ranges: 6
  • Numberof Refrigerators: 6
  • Number Of Water Heaters: 6
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $42,600
  • Insurance Expense: $1,566
  • Maintenance Expense: $1,430
  • Manager Expense: $0
  • Net Operating Income: $31,581
  • Operating Expense: $4,856
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 42600
  • Trash Expense: $1,860
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4

Property History for 524 East Ridgely Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 524 East Ridgely Avenue

Taxable ValueLand$4,518Additions$65,192Total$69,710
Tax Record2023$6,163 ($514 / month)
Home Facts
Lot Size9,088 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-22.0-326-048

Schools near 524 East Ridgely Avenue

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Ridgely Elementary School
PublicPK to 5

Washington Middle School
Public6 to 8

Lanphier High School
Public9 to 12

Douglas School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of The Real Estate Group, Inc.

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.