502 Franklin St
Salem, IL 62881
1 bd 1 ba 576 sqft Built 1948 single_family
Most recent sale
$75,000
Aug 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 8, 2022 | Sold | $75,000 | Public Record |
| Aug 4, 2022 | Sold | $35,000 | MRED |
| Jun 14, 2022 | Listed | $39,900 | MLS #EB444890 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $7,760 | $2,350 | $10,110 | $745 |
| 2022 | $6,590 | $3,390 | $9,980 | $843 |
| 2021 | $6,160 | $3,170 | $9,330 | $827 |
| 2020 | $5,270 | $3,150 | $8,420 | $743 |
| 2019 | $5,080 | $3,030 | $8,110 | $733 |
| 2018 | $5,080 | $3,030 | $8,110 | $734 |
| 2017 | $4,980 | $2,970 | $7,950 | $727 |
| 2016 | $4,700 | $2,800 | $7,500 | $717 |
| 2015 | $4,700 | $2,800 | $7,500 | $684 |
| 2014 | $4,700 | $2,800 | $7,500 | $688 |
| 2013 | $4,650 | $2,770 | $7,420 | $681 |
| 2012 | $4,810 | $2,740 | $7,550 | $685 |
| 2011 | $4,810 | $2,740 | $7,550 | $675 |
| 2010 | $4,910 | $2,800 | $7,710 | $655 |
| 2009 | $4,910 | $2,800 | $7,710 | $669 |
| 2008 | $4,750 | $2,710 | $7,460 | $691 |
| 2007 | $4,520 | $2,580 | $7,100 | $657 |
| 2006 | $4,350 | $2,480 | $6,830 | $640 |
Property facts
Year built
1948
Property type
single_family
Stories
—
Beds
1
Baths
1
Living area
576 sqft
Lot size
—
ZIP code
62881
City
Salem
Street
Franklin St
Coordinates
38.62393, -88.95032
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$450
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 502 Franklin St last sell?
502 Franklin St most recently sold on Aug 8, 2022 for $75,000.
What is the current tax assessment for 502 Franklin St?
The most recent total assessment for 502 Franklin St (year 2024) is $10,110 with $745 in property tax.
How does 502 Franklin St's assessment compare to its last sale price?
The current assessment is 86.5% below the last sale price of $75,000.
When was 502 Franklin St built?
502 Franklin St was built in 1948.
How does 502 Franklin St compare to others on Franklin St?
We track 8 other properties on Franklin St. Browse the list under "Other properties on Franklin St" to compare beds, baths, and sale history.
What are the property facts for 502 Franklin St?
502 Franklin St is a 1 bed, 1 bath, 576 sqft single_family.
Is 502 Franklin St a flip candidate?
Yes — 502 Franklin St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 502 Franklin St a tax-appeal candidate?
No — 502 Franklin St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+8.5%
Implied 1-yr
+33.9%
2026 Q2
$292.5K
2026 Q3
$292.5K
ZIP 62881 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Franklin St