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.
Closed
$110,000
603 W Church St, Salem, IL 62881
--beds
--baths
3,120sqft
Multi Family
Built in 1955
-- sqft lot
$151,300 Zestimate®
$35/sqft
$1,103 Estimated rent
Home value
$151,300
$129,000 - $176,000
$1,103/mo
Zestimate® history
Owner options
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$1,103/mo
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$1,103/mo
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$622/mo
Est. payment
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$622/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Michael Hammond 618-292-8442,
Property Peddler Inc
Bought with:
Cindy Quinn
QUINN REALTY AND PROPERTY MANAGEMENT GROUP
Source: MRED as distributed by MLS GRID,MLS#: EB452890
Facts & features
Interior
Heating
- Sep Heating Systems - 2+, Electric, Steam, Radiant
Appliances
- Laundry: Washer Hookup
Features
- Basement: None
Interior area
- Total interior livable area: 3,120 sqft
Property
Parking
- Parking features: On Street
Lot
- Size: 6,534 Square Feet
- Dimensions: 55.5x120
- Features: Level
Details
- Parcel number: 1100009645
- Zoning: Multi
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Mcelwain & Nichols
Location
- Region: Salem
Financial & listing details
- Price per square foot: $35/sqft
- Tax assessed value: $124,260
- Annual tax amount: $3,234
- Date on market: 2/2/2026
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2024 | Sold | $110,000-26.7%$35/sqft |
Source:  MRED as distributed by MLS GRID #EB452890 Report a problem | ||
| 10/4/2024 | Pending sale | $150,000$48/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #EB452890 Report a problem | ||
| 8/19/2024 | Price change | $150,000-11.8%$48/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452890 Report a problem | ||
| 6/6/2024 | Listed for sale | $170,000$54/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452890 Report a problem | ||
| 6/6/2024 | Pending sale | $170,000$54/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452890 Report a problem | ||
| 5/1/2024 | Listed for sale | $170,000$54/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452890 Report a problem | ||
| 4/18/2024 | Pending sale | $170,000$54/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452890 Report a problem | ||
| 4/9/2024 | Listed for sale | $170,000+314.6%$54/sqft |
Source: RMLS Alliance as distributed by MLS GRID #EB452890 Report a problem | ||
| 10/31/2006 | Sold | $41,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,052 -0.4% | $41,420 +7% |
| 2023 | $3,065 -5.2% | $38,710 +1.2% |
| 2022 | $3,234 +2% | $38,250 +7% |
| 2021 | $3,171 +2.4% | $35,750 +5.8% |
| 2020 | $3,095 +1.4% | $33,780 |
| 2019 | $3,052 -0.2% | $33,780 |
| 2018 | $3,059 +0.9% | $33,780 +2% |
| 2017 | $3,030 +1.5% | $33,120 +6% |
| 2016 | $2,985 +10376.5% | $31,250 |
| 2015 | $28 +5.6% | $31,250 +5% |
| 2012 | $27 +1.5% | $29,750 |
| 2011 | $27 -99% | $29,750 -2% |
| 2010 | $2,579 -2% | $30,350 |
| 2009 | $2,632 | $30,350 |
Find assessor info on the county website
Neighborhood: 62881
Nearby homes
- $34,3804 bd1 ba1.9k sqft303 S Franklin St, Salem, IL 62881Off Market
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- $86,900-- bd-- ba-- sqft321 S Franklin St, Salem, IL 62881Off Market
- $103,200-- bd-- ba-- sqft224 S Castle St, Salem, IL 62881Off Market
- $68,0004 bd2 ba1.3k sqft304 S Castle St, Salem, IL 62881Sold
Nearby schools
GreatSchools rating
- 7/10Franklin Park Middle SchoolGrades: PK,4-8Distance: 1 mi
- 4/10Salem Community High SchoolGrades: 9-12Distance: 1 mi
- 6/10Hawthorn Elementary SchoolGrades: K-3Distance: 1 mi
Schools provided by the listing agent
- Elementary: Salem
- Middle: Salem
- High: Salem Community High School
Source: MRED 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.
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- Illinois
- Marion County
- Salem
- 62881
- 603 W Church St
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