For sale

$85,000

16 Salem Rd, Springfield, IL 62702

3beds

1,022sqft

$643/mo

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Single Family Residence, Residential

Built in 1970

6,000 Square Feet Lot

$101,400 Zestimate^®

$83/sqft

$-- HOA

What's special

Well-maintained 3-bedroom, 1-bath rental property featuring a solid, established tenant currently paying $1,100/month. This property offers immediate rental income and an opportunity for an investor to add a cash-flowing asset to their portfolio. Stable rental history and a dependable tenant make this an attractive investment with income in place from day one. Please do not disturb tenant, schedule showings with contingent offers.

3 days
415
30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Bedroom 1

Level: Main
Dimensions: 15ft 0in x 9ft 0in

Bedroom 2

Level: Main
Dimensions: 12ft 0in x 10ft 0in

Bedroom 3

Level: Main
Dimensions: 9ft 0in x 9ft 0in

Other

Level: Main
Dimensions: 11ft 0in x 9ft 0in

Kitchen

Level: Main
Dimensions: 11ft 0in x 6ft 0in

Laundry

Level: Main
Dimensions: 15ft 0in x 10ft 0in

Living room

Level: Main
Dimensions: 16ft 0in x 12ft 0in

Main level

Area: 1022

Heating

Has Heating (Unspecified Type)

Appliances

Included: Dishwasher, Microwave, Range, Refrigerator

Features

Basement: Cellar

Interior area

Total structure area: 1,022
Total interior livable area: 1,022 sqft

Property

Parking

Total spaces: 1.5
Parking features: Detached, Parking Pad
Garage spaces: 1.5
Has uncovered spaces: Yes
Details: Number Of Garage Remotes: 0

Lot

Size: 6,000 Square Feet
Dimensions: 50 x 120
Features: Level

Details

Parcel number: 1420.0480008

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence, Residential

Materials

Vinyl Siding
Roof: Shingle

Condition

New construction: No
Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Springfield

Location

Region: Springfield

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $76,194
Annual tax amount: $2,204
Date on market: 9/3/2026

Estimated market value

$101,400

$85,000 - $119,000

$1,172/mo

Price history

Date	Event	Price
9/3/2026	Listed for sale	$85,000+32.8%$83/sqft
Source: RMLS Alliance as distributed by MLS GRID #CA1046272 Report a problem
11/6/2024	Listing removed	$1,100$1/sqft
Source: Zillow Rentals Report a problem
11/1/2024	Price change	$1,100-8.3%$1/sqft
Source: Zillow Rentals Report a problem
10/22/2024	Listed for rent	$1,200$1/sqft
Source: Zillow Rentals Report a problem
2/6/2024	Sold	$64,000+128.6%$63/sqft
Source: Public Record Report a problem
9/13/2018	Sold	$28,000-56.9%$27/sqft
Source: Public Record Report a problem
7/25/2018	Listed for sale	--
Source: Auction.com Report a problem
8/9/2011	Sold	$65,000+1.2%$64/sqft
Source: Public Record Report a problem
7/21/2008	Listing removed	$64,200$63/sqft
Source: NCI #284531 Report a problem
7/14/2008	Listed for sale	$64,200$63/sqft
Source: NCI #284531 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,133 -5.9%	$25,398 -1%
2023	$2,267 +4%	$25,642 +5.4%
2022	$2,180 +3.4%	$24,324 +3.9%
2021	$2,107 +2%	$23,413 -0.2%
2020	$2,066 +41.7%	$23,449 +0.4%
2019	$1,458	$23,367 +0.5%
2018	$1,458 +2.6%	$23,253 +1.3%
2017	$1,421 +2.5%	$22,953 +1.5%
2016	$1,386 +1.4%	$22,618 +1.2%
2015	$1,366 +1.2%	$22,348 +0.6%
2014	$1,350 +2.3%	$22,204 -0.4%
2013	$1,320 +2%	$22,294
2012	$1,295 -16%	$22,294
2011	$1,542 -8.5%	$22,294 +1%
2010	$1,685 +3%	$22,080 +1.4%
2009	$1,635 +39.4%	$21,766 +4.2%
2008	$1,173 +6.4%	$20,888 +7.5%
2007	$1,103 +2.9%	$19,429 +3.8%
2006	$1,071	$18,716