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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.
Property Highlights
Property Type: Residential - Single Family
School District: District 600
General Information
Bedrooms: 2
Bathrooms: 1
County: Marion
High School: Salem Community High School
Listed By:
EJC REAL ESTATE SERVICES
773-236-7844
MRED MLS
MLS ID: 12578634
Room Information
Bedroom 2: 10X10
Dining Room: 10X10
Family Room: 10X10
Kitchen: 10X10
Living Room: 10X10
Primary Bedroom: 10X10
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533 S Washington Street, Salem, IL 62881.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $11,000 | $11,000 | $11,000 |
| Down Payment | $2,200 | $385 | $2,750 |
| Monthly Mortgage Amount | $52 | $62 | $67 |
| Taxes | $15 | $15 | $15 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $5 | $0 |
| Monthly Estimated Total | $167 | $182 | $182 |