Contract Pending

555 Roddy Rd, Salem, IL 62881

Multi-Family Apartment Buildings

$1,910,000.00 Salem, IL 62881
  • 6.30 Acres
  • Marion County


Address: 555 Roddy Road, Salem, IL 62881

Nestled on the outskirts of town, this 34-unit multi-family apartment building offers a serene retreat on just over 6 acres of expansive land. Surrounded by lush greenery, the property presents an idyllic setting for comfortable living, with additional lots available for potential expansion, whether for more apartments or duplexes, ensuring ample space for growth and development

The property features 12 storage units, offering added convenience and generating extra income for the community.

Within the complex, two buildings feature common areas equipped with coin-operated washer and dryers, enhancing the convenience and utility of daily living. Residents can easily take care of their laundry needs without having to leave the comfort of their home, fostering a sense of ease and efficiency.

Each unit within the apartment complex with its prime location, ample amenities, and potential for growth, presents a unique opportunity for both residents and investors alike to thrive in a vibrant community setting. Buildings are thoughtfully designed to offer both functionality and comfort.

  • Age of the home: 1979
  • Square Footage: 22,528 (source: County)
  • Lot Size: 6.3 acres (source: County)
  • Heating:  Electric
  • Cooling: Electric
  • Water Heater:  Electric
  • Roof: Metal (about 15 yrs old)
  • Basement: Partial, Underground, Finished
  • Utility Providers:
    • Water ~ City
    • Sewer ~ City
    • Electric ~ Ameren
  • Garage: None
  • School District(s): Salem
  • Drive Times:
    • 20 minutes to Mt Vernon IL
    • 45 Minutes to Effingham IL
    • 1.5 hours to St Louis MO

Title Company: Hudspeth Law Salem IL

Financing: Cash, Conventional

Directions:  RT 50 west of Salem IL to Mills Cart To Roddy Road and turn north to property on North side of road.

Legal Description: Lamplighter Manor sub lots 1&2 10&11 & 3 thru 9 Marion County IL

Parcel(s): 11-00-026-800, 11-00-026-805 & 11-00-022-569

Taxes: 2022 - $22,762.00


P# 797  /  MLS # EB452886

LISTED by Property Peddler Inc.

Managing Broker Mike Hammond 618-400-4859

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