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2081 N Broadway Ave, Salem, IL, 62881

3beds
2baths
2,344sqft
$650,000
$277price/sqft
$5,051/moest. monthly cost
$202,040/yrincome needed

About This Home

Situated on 9.08 acres just outside the Salem city limits, this unique property offers the privacy of country living with the convenience of being only minutes from town. The tri-level home features over 2,300 square feet of finished living space, including spacious living areas, three bedrooms, two full baths, a finished basement recreation room, office space or 4th bedroom and plenty of storage throughout. What truly separates this property from others isn't just the home-it's everything that comes with it. Whether you're an owner-operator, small business owner, investor, hobby farmer, or someone simply looking for room to spread out, this property offers possibilities that are increasingly hard to find. Property Highlights: 9.08 acres on the edge of Salem Tri-level home with over 2,300 finished square feet Finished basement with large recreation room and additional flex room Large pole building plus additional outbuildings for equipment, business use, or storage RV pad complete with utility hookups already in place Outdoor Hardy stainless steel wood furnace with underground supply lines to the home, protected beneath a lean-to Backup sump pump system for added peace of mind during Midwest weather Connex storage container included with the property Wide driveways with ample parking designed to accommodate semis, trailers, equipment, or large vehicles One of the property's biggest advantages is its future flexibility. Multiple existing water and sewer connection sites across the acreage may provide opportunities for future development or parceling (subject to buyer verification and county approval). That opens the door to numerous possibilities for someone looking beyond a traditional residential purchase. For the owner-operator or trucking professional, the setup is exceptional. The spacious drives and parking areas have been utilized for semi trucks, making daily operations far easier than trying to maneuver large equipment on a typical residential property. Looking for an investment? The existing infrastructure creates opportunities that could appeal to buyers considering future rental income, equipment storage, contractor operations, RV accommodations, or other income-producing ventures, depending on local zoning and intended use. Finding acreage is easy. Finding acreage that's already equipped with this level of infrastructure is not. If you've been searching for a property that offers room to live, room to work, room to grow, and long-term potential, 2081 N Broadway deserves your attention. Schedule your private showing today and see everything this one-of-a-kind property has to offer.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

7/10
Franklin Park Middle SchoolGrades PK,4-81.6 mi
4/10
6/10

Construction

Condition

  • Year built: 1994

Materials

  • Foundation: Block
  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Finished,Partial

Bedroom2

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 156
  • Dimensions: 13X12

Bedroom3

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 144
  • Dimensions: 12X12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Flooring (Tile)
  • Level: Main
  • Area: 160
  • Dimensions: 10X16

Family Room

  • Features: Flooring (Carpet)
  • Level: Basement
  • Area: 425
  • Dimensions: 25X17

Features

  • 1st Floor Full Bath,Walk-In Closet(s)
  • Flooring: Carpet
  • Finished area below ground: 780

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Sep Heating Systems - 2+,Wood
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,344
  • Total interior livable area: 2,344 sqft

Kitchen

  • Features: Flooring (Tile)
  • Level: Main
  • Area: 144
  • Dimensions: 12X12

Laundry

  • Features: Flooring (Tile)
  • Level: Main
  • Area: 60
  • Dimensions: 6X10

Living Room

  • Features: Flooring (Carpet)
  • Level: Main
  • Area: 270
  • Dimensions: 18X15

Master Bedroom

  • Features: Bathroom (Full,Shower Only)
  • Level: Second
  • Area: 192
  • Dimensions: 16X12

Office

  • Features: Flooring (Carpet)
  • Level: Basement
  • Area: 132
  • Dimensions: 11X12

Other

  • Level: Basement
  • Area: 84
  • Dimensions: 7X12

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 0635200023
  • Special condition: Standard
  • Other equipment: Sump Pump,Backup Sump Pump;

Features

  • Levels: Tri-Level

Lot

  • Lot size: 9.08 Acres
  • Features: Corner Lot,Level

Parking

  • Total spaces: 10
  • Parking features: Gravel,Driveway,Additional Parking,Yes
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Earthquake
Heat Wave
Inland Flooding
Lightning
Tornado
Winter Weather
Hail

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,286$39,432
Home Insurance *$751$9,012
Property Taxes $834$10,008
Electricity $180$2,163
Total$5,051$60,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$173,177/yr
40% on housing$151,530/yr
45% on housing$134,693/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$277This listing

vs Other Active Listings

Avg $/sqft

ZIP 62881$98
Marion County$91

vs Homes Sold Last Month

Median $/sqft

ZIP 62881$107
Marion County$74

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Listed for sale$650,000

For Sale by Agent

AgentMELISSA JARRELL
BrokerageEquity Realty Group

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