OFF MARKET

Off Market Jul 2024 for $2M

—

•

22,528

sq ft

555 Roddy Rd, Salem, IL 62881

About this home

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.

Multi-familyProperty Type

1979Year Built

6.3 acresLot Size

$90Price/Sq.Ft.

70 spacesParking

Listed by Michael Hammond • Property Peddler Inc

Bought with • Non-MLS

Redfin checked: 2 minutes ago

•Source:RMLSA as Distributed by MLS Grid #EB452886

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 62881, IL

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.6%

+1.7% MoM

Median sale price

$143K

$12K MoM

Avg. days on market

51d

25 days MoM

Recently sold homes

3 MoM

New listings for sale

FOR SALE BY OWNER
$289,000
3 beds3 baths1,915 sq ft
4318 Radio Tower Rd, Salem, IL 62881
FOR SALE BY OWNER
$225,000
3 beds2 baths— sq ft
742 N Reel Ave, Salem, IL 62881
$165,000
4 beds2 baths1,526 sq ft
346 Woodland Dr, Salem, IL 62881
$89,000
4 beds1 bath1,591 sq ft
227 E Bennett St, Salem, IL 62881
See all

Provided by Redfin

Sale history for 555 Roddy Rd

Date

Event

Price

RENTALBEAST #2

Apr 7, 2025

Rental Removed

$775

$0/sq ft

Mar 16, 2025

Listed for Rent

$775

$0/sq ft

Mar 5, 2025

Rental Removed

$775

$0/sq ft

Feb 12, 2025

Listed for Rent

$775

$0/sq ft

Feb 1, 2025

Rental Removed

$750

$0/sq ft

Feb 1, 2025

Listed for Rent

$750

$0/sq ft

RENTALBEAST #1

Feb 1, 2025

Rental Removed

$750

$0/sq ft

Jan 12, 2025

Listed for Rent

$900

$0/sq ft

RMLSA as Distributed by MLS Grid #EB452886

Jul 29, 2024

Sold

$2,025,000

$90/sq ft

Apr 17, 2024

Pending

—

Apr 9, 2024

Listed

$1,910,000

$85/sq ft

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2025

$22,591 (+4.8%)

$15,310 + $312,190

$327,500

2024

$21,547 (−3.0%)

$13,670 + $278,740

$292,410

2023

$22,215 (+3.0%)

$20,090 + $260,500

$280,590

2022

$21,565 (+2.0%)

$18,260 + $236,820

$255,080

2021

$21,147 (+1.2%)

$17,070 + $221,330

$238,400

2020

$20,888 (+1.5%)

$16,940 + $219,640

$236,580

2019

$20,589 (−0.2%)

$16,320 + $211,600

$227,920

2018

$20,638 (+1.0%)

$16,320 + $211,600

$227,920

2017

$20,443 (+1.5%)

$16,000 + $207,450

$223,450

2016

$20,133 (+4.8%)

$15,090 + $195,710

$210,800

2015

$19,218 (−0.7%)

$15,090 + $195,710

$210,800

2014

$19,348 (+1.0%)

$15,090 + $195,710

$210,800

2013

$19,158

$14,940 + $193,770

$208,710

Tax history for 555 Roddy Rd

Year

Property tax

Land + Additions

Assessment*

2025

$22,591 (+4.8%)

$15,310 + $312,190

$327,500

2024

$21,547 (−3.0%)

$13,670 + $278,740

$292,410

2023

$22,215 (+3.0%)

$20,090 + $260,500

$280,590

2022

$21,565 (+2.0%)

$18,260 + $236,820

$255,080

2021

$21,147 (+1.2%)

$17,070 + $221,330

$238,400

2020

$20,888 (+1.5%)

$16,940 + $219,640

$236,580

2019

$20,589 (−0.2%)

$16,320 + $211,600

$227,920

2018

$20,638 (+1.0%)

$16,320 + $211,600

$227,920

2017

$20,443 (+1.5%)

$16,000 + $207,450

$223,450

2016

$20,133 (+4.8%)

$15,090 + $195,710

$210,800

2015

$19,218 (−0.7%)

$15,090 + $195,710

$210,800

2014

$19,348 (+1.0%)

$15,090 + $195,710

$210,800

2013

$19,158

$14,940 + $193,770

$208,710

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

2.46 Acres

Year renovated

—

Sq. Ft.

3,520

Year built

1979

Style

Multi-Family (5+ Unit)

County

Marion County

APN

1100026800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Property details

Parking

Parking Information
Parking Total: 70
Parking Features: On Street, Parking Pad

Interior

Heating & Cooling
Heating: Electric, Forced Air, Central Air

Room Information
Basement: Partial

Interior Features
Laundry Features: Common Area

Multi-Unit Information
Units: 34

Unit 1 Information
Unit 1 Full Bathrooms: 11
Unit 1 Half Bathrooms: 6
Unit 1 Covered Parking Spaces: 0
Unit 1 Parking Spaces: 25
Unit 1 Uncovered Parking Spaces: 25
Unit 1 Actual Rent: 0
Unit 1 Type: Unit 1
Unit 1 Bedrooms: 17

Unit 2 Information
Unit 2 Full Bathrooms: 11
Unit 2 Half Bathrooms: 6
Unit 2 Covered Parking Spaces: 0
Unit 2 Parking Spaces: 25
Unit 2 Uncovered Parking Spaces: 25
Unit 2 Actual Rent: 0
Unit 2 Type: Unit 2
Unit 2 Bedrooms: 17

Unit 3 Information
Unit 3 Full Bathrooms: 12
Unit 3 Half Bathrooms: 0
Unit 3 Covered Parking Spaces: 0
Unit 3 Parking Spaces: 25
Unit 3 Uncovered Parking Spaces: 25
Unit 3 Actual Rent: 0
Unit 3 Type: Unit 3
Unit 3 Bedrooms: 12

Exterior

Property Type
Property Sub Type: Residential Income

Exterior Features
Roof: Metal

Property Information
Property Sub Type: Residential Income
Zoning: Multi family and commercial

Lot Information
Lot Features: Extra Lot, Level
Lot Size Acres: 6.3
Lot Size Dimensions: Irregular
Road Surface Type: Paved
Zoning: Multi family and commercial

Building Information
Is New Construction: No
Building Area Total: 22528

Financial

Tax Information
Tax Year: 2022
Tax Annual Amount: 22762
Tax Legal Description: Lamplighter Manor sub lots 1,2,10 & 11 & 3-9 Miller Roddy Sub Div W 60 ft lot 6

Utilities

Utility Information
Water Source: Public Sewer, Public

Location

School Information
Elementary School: Salem
High School: Salem Community High School
Middle Or Junior School: Salem

Location Information
Directions: Rt 50 west of Salem IL to Mills Cart Lane to Roddy Road and turn North to property on west side.
Subdivision Name: Lamplighter
MLS Area Minor: EBOR Area

Community Information
Laundry Features: Common Area
Units: 34

Public facts

Beds: —
Baths: —
Sq. Ft.: 3,520
Stories: —
Lot Size: 2.46 acres
Style: Multi-Family (5+ Unit)
Year Built: 1979
Year Renovated: —
County: Marion County
APN: 1100026800

Home facts updated by county records on Jun 22, 2026

Other

Listing Information
MLS Area Minor: EBOR Area
Standard Status: Closed

Home Information
Building Area Total: 22528
Structure Type: Apartment Building
Year Built: 1979

Information for Agents
Attribution Contact: Phone: 618-473-2500

Around this home

Schools

Franklin Park Middle School

Public PreK-8 • Assigned • 0.4mi

7/10

Salem Community High School

Public 9-12 • Assigned • 1.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 106° expected this year, 20 days in 30 years

2/10 Wind Factor

2% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Salem, IL • 62881

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 4 hours in December, which is comparable to the U.S. average for solar exposure.

10.2 hrs

4 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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3 beds1 bath6,530 sq ft

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New listings for sale in 62881

FOR SALE BY OWNER

$289,000

3 beds3 baths1,915 sq ft

4318 Radio Tower Rd, Salem, IL 62881

FOR SALE BY OWNER

$225,000

3 beds2 baths— sq ft

742 N Reel Ave, Salem, IL 62881

$165,000

4 beds2 baths1,526 sq ft

346 Woodland Dr, Salem, IL 62881

$89,000

4 beds1 bath1,591 sq ft

227 E Bennett St, Salem, IL 62881

Home values near 555 Roddy Rd

Data from public records.

Address	Redfin Estimate
504 Roddy Road, Salem, IL - Beds \| - Baths \| 1344 Sq. Ft.	$103,567
510 Roddy Road, Salem, IL 3 Beds \| 2.5 Baths \| 1344 Sq. Ft.	$177,109

Address	Redfin Estimate
514 Roddy Road, Salem, IL 3 Beds \| 1.5 Baths \| 1248 Sq. Ft.	$144,316
317 Roddy Road, Salem, IL 4 Beds \| 2 Baths \| 1944 Sq. Ft.	$232,278

Address	Redfin Estimate
518 Roddy Road, Salem, IL 3 Beds \| 1 Baths \| 1008 Sq. Ft.	$145,553
502 Roddy Road, Salem, IL 3 Beds \| 1.5 Baths \| 1056 Sq. Ft.	$146,924

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About this home

Redfin Estimate

Market trends in 62881, IL

Sale history for 555 Roddy Rd

Tax history for 555 Roddy Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 62881

Home values near 555 Roddy Rd

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