419 S Pearl St

1,375 Sq. Ft.
$9 / Sq. Ft.
1,375
Sq. Ft.
$9
per Sq. Ft.

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.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.
  1. Listed by Tytus Cousins • Intellectual Real Estate Services and Investments
    P: (312)-218-7130 scottfree727@yahoo.com;scottfree727@yahoo.com

Property Details for 419 South Pearl Street

Area
Salem
Township
Salem
Ownership
Fee Simple
Num Of Parking Spaces
10.0
Parking Included in Price
Yes
Air Conditioning Type
Window Unit(s)
Heat/Fuel
Natural Gas
LISTING UPDATED: 02/10/2026 12:07 AM

Property Details for 419 South Pearl Street

StatusActive
MLS #12530495
Days on Market78
Taxes$201 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeDetached Single / 1 Story / Detached Single
Year Built-
Lot Size0.20 AC / 8,750 SF
CountyMarion County

Location

Listing Courtesy of Intellectual Real Estate Services and Investments
Add your commute

Building Information for 419 South Pearl Street

Stories-Year Built-Building Size-Lot Size0.20 AC / 8,750 SF

Payment Calculator

$78 per month

30 year fixed, 6.15% Interest

Principal and Interest

$61

Property Taxes

$17

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 419 South Pearl Street

General Information
School Information
  • Elementary School District: 2
  • High School District: 2
  • Middle Or Junior School District: 2
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None
  • Master Association Fee Frequency: Not Required
Property Information
Interior Features
  • Num Of Rooms: 7
  • Bedrooms Total: 3
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 3
  • Air Conditioning: Window Unit(s)
  • Basement Bathrooms: No
  • Room Type: No additional rooms
  • Num of Baths: 2.0
Exterior Features
  • Type: 1 Story
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Type Detached: 1 Story
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Size: 1.0-1.99 Acres
  • Lot Dimensions: 50x175
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Construction: Aluminum Siding
  • General Information: None
  • Living Area Source: Landlord/Tenant/Seller
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 12X12
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 11X11
Bedroom #3 Information
  • 3rd Bedroom Level: Main
  • Room Type: Bedroom 3
  • Bedroom #3 Room Dimensions: 10X10
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: Main
  • RoomType_DR: Dining Room
  • Dining Room Dimensions: COMBO
Family Room Information
  • Family Room Level: Main
  • RoomType_FR: Family Room
  • Family Room Dimensions: 15X15
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 10X10
Laundry Information
  • Laundry Level: Main
  • Room Type: Laundry
  • Laundry Dimensions: 8X8
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 11X20

Property History for 419 South Pearl Street

DateEvent & SourcePriceAppreciation
Feb 4, 2026

Price Change

MRED #12530495

$12,500
Jan 14, 2026

Price Change

MRED #12530495

$15,000
Dec 11, 2025

Listed (Active)

MRED #12530495

$20,000
Dec 10, 2025

Hold

MRED #12530495

$20,000
Dec 9, 2025

Listed (Active)

MRED #12530495

$20,000
Nov 18, 2022

Closed

MRED #445484

$8,000
Nov 18, 2022

Closed

RMLS ALLIANCE #EB445484

$8,000
Nov 14, 2022

Closed (Public Record)

Public Record #1501737897

$8,000
Oct 23, 2022

Pending

RMLS ALLIANCE #EB445484

Oct 23, 2022

Pending

MRED #445484

Oct 22, 2022

Price Change

RMLS ALLIANCE #EB445484

$9,500
Aug 25, 2022

Active Under Contract

RMLS ALLIANCE #EB445484

Aug 24, 2022

Price Change

RMLS ALLIANCE #EB445484

$14,500
Jul 21, 2022

Listed (Active)

MRED #445484

$16,500
Jul 21, 2022

Listed (Active)

RMLS ALLIANCE #EB445484

$16,500
Jan 25, 2019

Expired

RMLS ALLIANCE #EB421452

$19,500
Jun 26, 2018

Listed (Active)

RMLS ALLIANCE #EB421452

$19,500
DateEvent & SourcePrice
02/04/2026

Price Change

MRED #12530495

$12,500
01/14/2026

Price Change

MRED #12530495

$15,000
12/11/2025

Listed (Active)

MRED #12530495

$20,000
12/10/2025

Hold

MRED #12530495

$20,000
12/09/2025

Listed (Active)

MRED #12530495

$20,000
11/18/2022

Closed

MRED #445484

$8,000
11/18/2022

Closed

RMLS ALLIANCE #EB445484

$8,000
11/14/2022

Closed (Public Record)

Public Record #1501737897

$8,000
10/23/2022

Pending

RMLS ALLIANCE #EB445484

10/23/2022

Pending

MRED #445484

10/22/2022

Price Change

RMLS ALLIANCE #EB445484

$9,500
08/25/2022

Active Under Contract

RMLS ALLIANCE #EB445484

08/24/2022

Price Change

RMLS ALLIANCE #EB445484

$14,500
07/21/2022

Listed (Active)

MRED #445484

$16,500
07/21/2022

Listed (Active)

RMLS ALLIANCE #EB445484

$16,500
01/25/2019

Expired

RMLS ALLIANCE #EB421452

$19,500
06/26/2018

Listed (Active)

RMLS ALLIANCE #EB421452

$19,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 419 South Pearl Street

Taxable ValueLand$1,460Additions$1,720Total$3,180
Tax Record2024$201 ($17 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyMARIONAPN1100010990

Schools near 419 South Pearl Street

This home is within Salem Chsd 600 School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Hawthorn Elementary School
PublicK to 3

Franklin Park Middle School
Public4 to 8

Salem Community High School
Public9 to 12

St Theresa Of Avila
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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419 South Pearl Street is a single family home for sale in Salem, IL 62881. This property was listed for sale on December 9, 2025 by Intellectual Real Estate Services and Investments, it's currently listed at $12,500. It has been on the market for a total of 78 days and was last sold on November 18, 2022. This listing's school districts are Salem Chsd 600 School District, Salem School District 111. Nearby schools include Hawthorn Elementary School, Franklin Park Middle School and Salem Community High School. 419 South Pearl Street is a 3-bed, 2-bath, 1,375 sqft single family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intellectual Real Estate Services and Investments

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.