419 S Pearl Street Salem, IL ^$ 20,000

419 S Pearl Street

^$ 20,000

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Recently Listed

419 S Pearl Street

Salem, IL, 62881

^$ 20,000

Bedrooms3 Baths2.0 Sq 1,375

Monthly Estimate*

^$ 125

419 S Pearl Street, Salem, IL 62881 - Image 1

419 S Pearl Street, Salem, IL 62881 - Image 2

419 S Pearl Street, Salem, IL 62881 - Image 3

419 S Pearl Street, Salem, IL 62881 - Image 4

419 S Pearl Street, Salem, IL 62881 - Image 5

419 S Pearl Street, Salem, IL 62881 - Image 6

419 S Pearl Street, Salem, IL 62881 - Image 7

419 S Pearl Street, Salem, IL 62881 - Image 8

419 S Pearl Street, Salem, IL 62881 - Image 9

Single Family Home for sale in Salem, IL

for $20,000 with 3 bedrooms and 2 full baths. This home is 1,375 square feet.

Investor special on a corner lot in Salem, IL, this 3-bedroom, 2 bath home of roughly 1,365-1,375 square feet is a full rehab project being sold strictly as-is, ideal for an experienced buyer seeking a true value-add flip. With interior and exterior updates needed throughout-but utilities and layout offering a solid starting point-this property gives investors room to redesign, modernize, and capture after-repair value in a budget-friendly area once renovations are complete.

Single Family Active

Price

^$ 20,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 201

Style

Town/City

Salem

County/Region

Marion

MLS | Web ID

12530495

Features

General

Living Area 1375

Sewer Public Sewer

Heating Natural Gas

Cooling Window Unit(s)

Possession Immediate

Association Fee Includes None

Construction Materials Aluminum Siding

Township Salem

Tax Year 2024

Ownership Fee Simple

Assoc Fee Paid Per Not Applicable

County Marion

New Construction N

Property Type Residential Detached Single

Total Rooms 7

Full Baths 2

Status Active

Directions Take highway to roads leading to property

City Salem

High School District 2

MLS Area Salem

Tax Annual Amount 201

Standard Status Active

Middle/Junior School District 2

Elementary School District 2

Interior

Basement None

Half Baths 0

Total Bedrooms 3

Room Type No additional rooms

Total Baths 2

Bedrooms Possible 3

Exterior

Water Source Public

Total Parking 10

Lot Dimensions 50x175

Waterfront Y/N N

* Excluded Features

List By

Intellectual Real Estate Services And Investments

Broker

scottfree727@yahoo.com;scottfree727@yahoo.com

Affordability Calculator

$142

Per Month

Monthly Principal & Interest: $125
Monthly Property Taxes: $17
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Salem, IL

Average List Price ^$186,168

Percent of Sale Price 831%

About Salem, IL

7,309 Population

-9% Since 2002

^$41,146 Median Income

39.55 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565348 Elementary School

565591 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/10/2025	$20,000		Listed Price

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419 S Pearl Street, Salem, IL, 62881 is a Single Family Home for sale at $20,000 with 1,375 sqft. 419 S Pearl Street has 3 bedrooms and 2.0 baths. The property's zip code is 62881 which is in Salem, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/25/2025.

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419 S Pearl Street

Single Family Home for sale in Salem, IL

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