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Sold on 02/28/2023
Ed Larsen of Coldwell Banker Real Estate Group

1701 Salem Rd, Bloomington, IL 61704

$333,000

Last sold 02/28/2023 after 3 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 1701 Salem Rd

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Property description
Attention Investors! Great investment opportunity with excellent cash flow. Property has been well maintained by owner, not a management company. Here is a chance to invest in a property that does not need capital for a lot of deferred maintenance. New roof in 2021 and new mail boxes in 2020. Unit 1 painted in 2020. Unit 2 remodeled in 2021 and new dishwasher and range in 2021. Unit 3 remodeled in 2018, new A/C in 2021, and new paint. Unit 4 remodeled in 2019 and new refrigerator, range, and water heater in 2019.
Listed by
Listing Agent - Ed Larsen
Listing Office - Coldwell Banker Real Estate Group
Source: MRED mls logo
MLS#11725933 • last updated 3 years ago
Movoto checked MRED for data 13 minutes ago
Overview
Levels/Style Bi-Level
MLS # 11725933
SubType 4 Flat
Status Closed
Type Two To Four Units
Property Tax $ 3806.94
Year Built 1977
Buyer Agent Commission 3%, % Of Gross Sale Price
Interior
Basement None, None
Total # of Rooms 20
Exterior
Parking Desc Space/s
# Parking Spaces 8
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 4
Location
Area Bloomington
County Mc Lean
Subdivision Holiday Knolls
Elementary School Stevenson Elementary
Elementary School District 87
High School Bloomington High School
Middle School District 87
Middle School Bloomington Jr High School
High School District 87
APN 1435452005
Zoning MULTI
Multifamily Details
Net Operating Income 32753
Gross Income 40800
Total Rental Income 40800
We are not permitted to show value estimates for this property.
  • Mar 2023
    Public Records
  • Mar 27, 2023 Sold
    $333,000
  • Mar 2023
    mls logo MLS # 11725933
  • Mar 24, 2023 Sold
    $333,000 (-0.6%)
  • Feb 28, 2023 Active
    —
  • Feb 25, 2023 Listed
    $334,900 (+56.5%)
  • Apr 2019
    Public Records
  • Apr 2, 2019 Sold
    $214,000
  • Mar 2019
    mls logo MLS # 10247826
  • Mar 22, 2019 Sold
    $214,000 (-2.7%)
  • Jan 15, 2019 Pending
    —
  • Nov 27, 2018 Listed
    $219,900
  • Year Property taxes Tax assessment
  • 2025
    $5,425 +5.7%
    $68,947
  • 2024
    $5,133 +0.2%
    $68,947 +12.54%
  • 2023
    $5,120 +23.1%
    $61,262 +25.2%
  • 2022
    $4,159 +9.2%
    $48,933 +9.24%
  • 2021
    $3,807 +0.3%
    $44,795
  • 2020
    $3,797 +0.3%
    $44,795
  • 2019
    $3,786 +5.4%
    $44,795 +5.0%
  • 2018
    $3,591
    $42,662
  • 2017
    $3,592 -9.6%
    $42,662 -9.8%
  • 2016
    $3,975 -5.3%
    $47,295
  • 2015
    $4,198 +3.3%
    —
  • 2014
    $4,064
    —
  • 1701 Salem Rd
    $333K
  • Bloomington
    —
  • 61704
    $309K 0% y/y
  • Bloomington
    $280K +1% y/y
No chart available
Statistics calculated by Movoto

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2/10
Stevenson Elementary School
public Grades K-5
Bloomington School District 87
2/10
Bloomington Jr High School
public Grades 6-8
Bloomington School District 87
3/10
Bloomington High School
public Grades 9-12
Bloomington School District 87
Source: GreatSchools.org © 2026. All rights reserved.

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