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

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$12,500

For Sale
Active
Single Family
3 Beds
2 Full Baths
1,375 Sq. Ft.

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Property Description

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.

Full Property Details

Full Property Details for 419 S Pearl St

General

Price: $12,500
Taxes: $201 (2024)
Status: Active
Type: Single Family
Source: MRED
MLS ID: 12530495
Updated: 2/10/2026
Added to Site: 92 day(s) ago

Interior

Basement: None

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Parking

Total Spaces: 10

Location

Area: Salem
County: Marion
Township: Salem
Driving Directions: Take highway to roads leading to property

School Information

School District: 2
Elem School District: 2
Midd School District: 2
High School District: 2

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Aluminum Siding
Exterior Const.: Aluminum Siding
Basement Desc.: None
Square Feet: 1,375
Sq. Ft. Source: Landlord/Tenant/Seller
Built Before 1978: Yes

Lot Features

Lot Size Range: 1.0 to 1.99 Acres
Lot Dimensions: 50 x 175

Financial Considerations

Parking Included: Yes
Tax Amount: $201
Tax Year: 2024
Pays Sewer: Public Sewer

Disclosures and Reports

Ownership: Fee Simple
Property ID: 11000109900000

Listed by Intellectual Real Estate Services and Investments

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Schools

Schools serving 419 S Pearl St

School Districts:Salem School District 111, Salem Community High School District 600

Name	Grades	Distance
Hawthorn Elementary School 1300 Bobcat Cir, Salem, IL 62881	K-3	1.1 mi
Franklin Park Middle School 1325 Bobcat Cir, Salem, IL 62881	4-8	1.1 mi
Salem Community High School 1200 North Broadway, Salem, IL 62881	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 419 S Pearl St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/04/2026

Price Reduced

$12,500

-16.67%

MLS

1/14/2026

Price Reduced

$15,000

-25%

MLS

12/09/2025

Listed

$20,000

150%

MLS

11/14/2022

Sold

$8,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 419 S Pearl St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$201

-7%

$3,180

7%

2023

$216

-61%

$2,970

-55%

2022

$560

131%

$6,620

7%

2021

$242

—

$6,180

2%

2021

$242

—

$6,060

4%

2020

$241

-2%

$5,830

—

2019

$246

—

$5,830

2%

2018

$247

-52%

$5,720

6%

2016

$515

10200%

$5,390

—

2015

$5

—

$5,390

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 419 S Pearl St

419 S Pearl Street, Salem, IL 62881 (MLS# 12530495) is a Single Family property with 3 bedrooms and 2 full bathrooms. 419 S Pearl Street is currently listed for $12,500 and was received on December 09, 2025. Want to learn more about 419 S Pearl Street? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

419 S Pearl St Salem, IL 62881