603 West Church Street

Salem, IL 62881

$170,000
Price
Beds
3,120 Sq. Ft.
$54 / Sq. Ft.
3,120
Sq. Ft.
$54
per Sq. Ft.

Description

Welcome to this impeccably maintained triplex located in downtown Salem, Illinois. This property includes updates throughout, including new windows, fresh paint, and updated flooring, ensuring a modern and inviting atmosphere for tenants. Perfect for investors seeking a turnkey opportunity, this triplex offers three separate units, each with its own unique charm and functionality. Enjoy the convenience of downtown living, with shops, restaurants, and entertainment options just steps away. With its...Welcome to this impeccably maintained triplex located in downtown Salem, Illinois. This property includes updates throughout, including new windows, fresh paint, and updated flooring, ensuring a modern and inviting atmosphere for tenants. Perfect for investors seeking a turnkey opportunity, this triplex offers three separate units, each with its own unique charm and functionality. Enjoy the convenience of downtown living, with shops, restaurants, and entertainment options just steps away. With its recent updates and prime location, this triplex presents an excellent investment opportunity for those looking to expand their portfolio or generate passive income. Don't miss out on the chance to own this well-maintained triplex in the heart of Salem – a true gem in the rental market.
  1. Listed by MICHAEL HAMMOND • Property Peddler Inc • Phone: 618-473-2500

Property Details for 603 West Church Street

Parking Total
6.0
Subdivision Name
McElwain & Nichols

Location

Listing Courtesy of Property Peddler Inc
Add your commute
LISTING UPDATED: 05/02/2024 03:01 PM

Property Details for 603 West Church Street

StatusActive
MLS #EB452890
Days on Market25
Taxes$3,234 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1955
Lot Size0.15 AC / 6,534 SF
CountyMarion County

Location

Listing Courtesy of Property Peddler Inc
Add your commute

Building Information for 603 West Church Street

Stories-Residences3Year Built1955Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$1,197 per month

30 year fixed, 7.25% Interest

Principal and Interest

$928

Property Taxes

$270

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 603 West Church Street

Summary
Location and General Information
  • City: Salem
  • County Or Parish: Marion
  • Directions: Hwy 50 west of Salem IL to S Franklin St & turn south to the corner of Franklin & Church
  • Latitude: 38.625356
  • Longitude: -88.95089
  • MLSArea Minor: EBOR Area
  • Postal Code: 62881
  • State Or Province: IL
  • Zoning: Multi Family
Taxes and HOA Information
  • Parcel Number: 11-00-009-645
  • Tax Annual Amount: $3,234
  • Tax Legal Description: MCELWAIN & NICHOLS ADD LOT 8 BLK 3 MARION COUNTY IL
  • Tax Year: 2022
School Information
  • Elementary School: Salem
  • High School: Salem Community High School
  • Middle Or Junior School: Salem
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Triplex
  • Building Area Total: 3120.0
  • Lot Features: Level
  • Lot Size Acres: 0.15
  • Lot Size Dimensions: 55.5x120
  • Number Of Units Total: 3
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Aerial Photos
  • Foundation Details: Slab
  • New Construction: No
  • Year Built: 1955
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 3
  • Number Of Gas Meters: 3
  • Numberof Water Meters: 1
  • Water Sewer Expense: $1,320
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Rubber
  • Construction Materials: Brick
Interior Features
  • Basement: None
  • Heating: Heating Systems - 2+, Electric, Hot Water, Radiant, Window Unit(s)
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 3
  • Number Of Ranges: 3
  • Numberof Refrigerators: 3
  • Number Of Washers: 0
  • Number Of Water Heaters: 1
  • Number Of Window Units: 6
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $2,048
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-6,602
  • Operating Expense: $3,368
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Rental
Rent Information
  • Lease Term: 1 Year, Month-to-Month
  • Tenant Pays: Electricity, Trash Collection

Property History for 603 West Church Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 603 West Church Street

Taxable ValueLand$5,060Additions$33,190Total$38,250
Tax Record2022$3,234 ($269 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyMARIONAPN1100009645

Schools near 603 West Church Street

This home is within Salem Chsd 600 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 3
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Franklin Park Middle School
PublicPK to 8

Hawthorn Elementary School
PublicK to 3

Salem Community High School
Public9 to 12

St Theresa Of Avila
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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603 West Church Street is a multi-family home for sale in Salem, IL 62881. This property was listed for sale on April 5, 2024 by Property Peddler Inc, it's currently listed at $170,000. It has been on the market for a total of 25 days and was last sold on October 26, 2006. This listing's school districts are Salem Chsd 600 School District, Salem School District 111. Nearby schools include Franklin Park Middle School, Hawthorn Elementary School and Salem Community High School. 603 West Church Street is a 0-bed, 0-bath, 3,120 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Property Peddler Inc

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.