NOT LISTED FOR SALE

555 Roddy Rd Salem, IL 62881

-- Bed
-- Bath
22,528 Sq Ft
6.3 Acres Lot

Sale Details

Date Sold: July 29, 2024

Last sale price $2,025,000 $90 Per Sq Ft

10 Days on Market

About This Home

As of July 2024

Property Id: 1552144

Welcome to your new cozy 2 bedroom, 2 bathroom apartment in Salem, IL! This unit features modern amenities such as a refrigerator, oven, and central heating. Enjoy the convenience of off-street parking and on-site laundry. Available for rent starting December 15, 2024, for $900/month with garbage included. No pets allowed. Don't miss out on this fantastic opportunity!

Garage available for additional $75 per month if interested.

Last Agent to Sell the Property

Mike Hammond

Equity Realty Group License #471020760 Listed on: 04/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,762

Year Built

  • Built in 1979

Lot Details

  • 6.3 Acre Lot

Home Design

  • 22,528 Sq Ft Home
  • Brick Exterior Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for sewer

Community Details

Overview

  • 34 Units

Building Details

  • Electric Expense $5,160
  • Operating Expense $23,458
  • Gross Income $150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,762

Year Built

Built in 1979

Lot Details

6.3 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1979
  • Legal Description: Lamplighter Manor sub lots 1,2,10 & 11 & 3-9 Miller Roddy Sub Div W 60 ft lot 6
  • Information: No Sign on Property,Othr-Call List Agent
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 34
  • Refrigerators: 34
  • Ranges: 34

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: Paved
  • Roof: Metal

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Electric,Forced Air

Lot Info

  • Lot Size Acres: 6.3
  • Lot Dimensions: Irregular
  • Zoning: Multi
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: Sewer

Building Info

  • BuildingAreaTotal: 22528

Multi Family

  • Net Operating Income: -46070
  • ElectricExpense: 5160
  • GrossIncome: 150
  • NumberOfUnitsTotal: 34
  • OperatingExpense: 23458

Tax Info

  • Tax Annual Amount: 22762
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 For Rent $850 0.0% --
10/08/2024 10/08/24 Off Market $850 -- --
10/08/2024 10/08/24 Off Market $850 -- --
10/04/2024 10/04/24 For Rent $850 0.0% --
07/29/2024 07/29/24 Sold $2,025,000 +6.0% $90 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $1,910,000 -- $85 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,547 $292,410 $13,670 $278,740
2023 $22,215 $280,590 $20,090 $260,500
2022 $21,565 $255,080 $18,260 $236,820
2021 $21,147 $238,400 $17,070 $221,330
2020 $20,888 $236,580 $16,940 $219,640
2019 $20,589 $227,920 $16,320 $211,600
2018 $20,638 $227,920 $16,320 $211,600
2017 $20,443 $223,450 $16,000 $207,450
2016 $20,133 $210,800 $15,090 $195,710
2015 $192 $210,800 $15,090 $195,710
2012 $187 $206,640 $14,790 $191,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB452886

Midwest Real Estate Data (MRED)
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