742 N Reel Avenue Salem, IL ^$ 205,000

742 N Reel Avenue

^$ 205,000

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742 N Reel Avenue

Salem, IL, 62881

^$ 205,000

Bedrooms3 Baths1.1 Sq 1,482

Monthly Estimate*

^$ 1,416

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Single Family Home for sale in Salem, IL

for $205,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,482 square foot home was built in 1975.

Beautifully Updated & Move In Ready! This charming 3 bedroom, 1.5 bath home offers the perfect blend of comfort, style, and convenience. The inviting interior features a spacious living room plus a separate family room, providing plenty of space to relax, entertain, or gather with family and friends. Step outside to enjoy the fenced backyard, ideal for pets, children, or outdoor entertaining, along with a nice shed for added storage. Conveniently located in town and close to shopping, dining, schools, and other amenities, this updated home is ready for its next owner! Don't miss your opportunity to make this one yours!

Single Family Contingent

Price

^$ 205,000

Bedrooms

Full Bath

Half Bath

Property Type

Single Family

Taxes

^$ 2,623

Style

Ranch

Year Built

1975

Town/City

Salem

County/Region

Marion

MLS | Web ID

12758644

Features

General

Living Area 1482

Sewer Public Sewer

Heating Natural Gas Forced Air

Cooling Central Air

Possession Closing

Roof Asphalt

Appliances Range Microwave Dishwasher Refrigerator

Garage Spaces 1

Association Fee Includes None

Architectural Style Ranch

Construction Materials Vinyl Siding

Year Built 1975

Township Salem

Tax Year 2025

Ownership Fee Simple

Assoc Fee Paid Per Not Applicable

County Marion

New Construction N

Property Type Residential Detached Single

Contingency Financing

Total Rooms 6

Full Baths 1

Status Contingent

Directions From Boone Street turn South on Reel Avenue. Property on left. From Main St turn North on Illinois St then West on spruce then North on Reel Avenue

High School Salem Community High School

City Salem

High School District 600

MLS Area Salem

Elementary School Hawthorn School

Tax Annual Amount 2623

Middle/Junior High School Franklin Park Middle School

Standard Status Active Under Contract

Middle/Junior School District 111

Elementary School District 111

Interior

Basement Crawl Space

Half Baths 1

Total Bedrooms 3

Room Type No additional rooms

Total Baths 2

Bedrooms Possible 3

Exterior

Exterior Amenities Fire Pit

Parking Features Yes Garage Owned Attached Garage

Lot Features Level

Water Source Public

Total Parking 1

Foundation Details Block

Lot Dimensions 90x136.9

* Excluded Features

List By

Equity Realty Group

Broker

Jackie@equity55.com

Affordability Calculator

$1,634

Per Month

Monthly Principal & Interest: $1,416
Monthly Property Taxes: $219
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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 ^$227,521

Percent of Sale Price 11%

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.

5382673 Elementary School

5382674 Middle School

Salem Community High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/14/2026	$205,000		Listed Price

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742 N Reel Avenue, Salem, IL, 62881 is a Single Family Home for sale at $205,000 with 1,482 sqft. 742 N Reel Avenue has 3 bedrooms, 1.1 baths, and was built in 1975. 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 7.375% 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 10/14/2026.

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742 N Reel Avenue

Single Family Home for sale in Salem, IL

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