Very well maintained turn key operation 34 unit apartment buildings in 3 buildings. 22 (1) bedroom (1) bath units. 12 (2) bedroom (1.5) bath apartments. 12 storage units (14x22) leased out. Ample parking. A&B buildings have common areas with coin operated washer & dryers. Currently full capacity. Also included is vacant land zoned commercial for more buildings. Lots of updates including windows in 2020, metal roof in 2010. Extra income of 12 storage units and the coin operated washer & dryers in the common areas.
Sold for $2,025,000
$2,025,000
555 Roddy Rd, Salem, IL 62881
46beds
46baths
22,528sqft
Multi Family, Apartment
Built in 1979
-- sqft lot
$1,772,600 Zestimate®
$90/sqft
$1,119 Estimated rent
Home value
$1,772,600
$1.42M - $2.20M
$1,119/mo
Zestimate® history
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List your homeWhat's special
Metal roofAmple parking
Zillow last checked:
Listing updated:
Listed by:
Michael E Hammond Phone:618-473-2500,
Property Peddler Inc
Bought with:
Non-Member Agent RMLSA
Non-MLS
Source: RMLS Alliance as distributed by MLS GRID,MLS#: EB452886
Originating MLS: Egyptian Board of REALTORS
Originating MLS: Egyptian Board of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 46
- Bathrooms: 46
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range, Refrigerator, Water Heater
- Laundry: Common Area
Features
- Basement: Partial
Interior area
- Total structure area: 22,528
- Total interior livable area: 22,528 sqft
Property
Parking
- Total spaces: 70
- Parking features: On Street, Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 6.3 Acres
- Features: Extra Lot, Level
Details
- Additional parcels included: 1100026805 1100022569
- Parcel number: 1100026800
- Zoning description: Multi family and commerc
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Lamplighter
Location
- Region: Salem
Financial & listing details
- Price per square foot: $90/sqft
- Annual tax amount: $22,762
- Date on market: 4/5/2024
- Cumulative days on market: 6 days
- Tenant pays: Electricity, Sewer, Water
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2024 | Sold | $2,025,000+6%$90/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #EB452886 Report a problem | ||
| 4/17/2024 | Pending sale | $1,910,000$85/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452886 Report a problem | ||
| 4/9/2024 | Listed for sale | $1,910,000$85/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452886 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 62881
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Nearby schools
GreatSchools rating
- 6/10Hawthorn Elementary SchoolGrades: K-3Distance: 0.4 mi
- 7/10Franklin Park Middle SchoolGrades: PK,4-8Distance: 0.6 mi
- 4/10Salem Community High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Salem
- Middle: Salem
- High: Salem Community High School
Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Illinois
- Marion County
- Salem
- 62881
- 555 Roddy Rd
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