NOT LISTED FOR SALE

555 Roddy Rd Salem, IL 62881

Salem Area
-- Bed
-- Bath
22,528 Sq Ft
6.3 Acre 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

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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Jul 29, 2024
Sold by
Bought by
Seller's Agent
Mike Hammond
Equity Realty Group
List Price
$1,910,000
Sold Price
$2,025,000
Premium/Discount to List
$115,000
6.02%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,072,373
Outstanding Balance
$1,990,125
Interest Rate
8.5%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,072,373
Previous Owner $227,078
Previous Owner $83,756
Previous Owner $50,285
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $22,591 $327,500 $15,310 $312,190
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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB452886

Midwest Real Estate Data (MRED)
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