533 S Washington Street, Salem, IL 62881 - Photo 1

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$11,000 -$1,900 (-14.73%) Price Reduced

For Sale
Active
Single Family
2 Beds
1 Full Bath
Updated 4 hours ago

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Property Description

Opportunity is knocking at 533 S Washington St, Salem, IL 62881. This property is priced with investors in mind and is ready for a full renovation. Whether you're looking for your next fix-and-flip project or a long-term rental addition to your portfolio, this home offers strong potential at an attractive price point. The property will require a complete rehab and is being sold as-is. With the right vision and updates, this could be transformed into a solid income-producing asset or a beautifully restored residence. Conveniently located in Salem with easy access to local amenities, this is your chance to bring new life to a property with upside. Serious inquiries only - great opportunity for seasoned investors or ambitious renovators ready to take on their next project.

Full Property Details

Full Property Details for 533 S Washington St

General

Price: $11,000
Taxes: $195 (2024)
Status: Active
Type: Single Family
Source: MRED
MLS ID: 12578634
Updated: 3/11/2026
Added to Site: 13 day(s) ago

Interior

Basement: Unfinished

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Bedrooms

Total Bedrooms: 2

Additional Information

Other Features: Commuter Bus

Parking

Total Spaces: 1
Parking Features: Off Site

Location

Area: Salem
County: Marion
Township: Salem
Driving Directions: From U.S. Route 50 (Main East/West Highway Through Salem): Head toward downtown Salem on W Main St / US-50. Turn south onto S Washington St (if coming from the west side of town, this will be a left turn; from the east, it will be a right turn). Continue on S Washington St for several blocks. The property, 533 S Washington St, will be on your right-hand side.

School Information

School District: 600
Elem School District: 600
Midd School District: 600
High School District: 600
Elementary School: Salem Community High School
Middle School: Salem Community High School
High School: Salem Community High School
Private School: Salem Community High School

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: None
Heating Type: Floor Furnace

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Wood Siding
Exterior Const.: Wood Siding
Basement: Yes
Basement Desc.: Unfinished, Full
Sq. Ft. Source: Not Reported
Built Before 1978: Yes

Lot Features

Lot Size (Acres): 0.12
Lot Size Range: Less than .25 Acre
Lot Dimensions: 5285

Financial Considerations

Tax Amount: $195
Tax Year: 2024
Pays Sewer: Public Sewer

Disclosures and Reports

Ownership: Fee Simple
Property ID: 11000092200000

Listed by Ejc Real Estate Services

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Schools

Schools serving 533 S Washington St

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

Name	Grades	Distance
Franklin Park Middle School 1325 Bobcat Cir, Salem, IL 62881	4-8	1.2 mi
Hawthorn Elementary School 1300 Bobcat Cir, Salem, IL 62881	K-3	1.3 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 533 S Washington St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/05/2026

Price Reduced

$11,000

-14.73%

MLS

2/26/2026

Listed

$12,900

—

MLS

Get Price Alerts and Save Property

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 533 S Washington St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$195

-7%

$7,960

7%

2023

$209

-6%

$7,440

10%

2022

$223

-5%

$6,760

7%

2021

$234

—

$6,320

1%

2021

$234

—

$6,280

5%

2020

$233

-2%

$5,990

—

2019

$238

98%

$5,990

2%

2018

$120

-51%

$5,880

6%

2016

$246

12200%

$5,550

-3%

2012

$2

—

$5,710

—

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 533 S Washington St

533 S Washington Street, Salem, IL 62881 (MLS# 12578634) is a Single Family property with 2 bedrooms and 1 full bathroom. 533 S Washington Street is currently listed for $11,000 and was received on February 26, 2026. Want to learn more about 533 S Washington 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.

533 S Washington St Salem, IL 62881