742 Reel Ave
Salem, IL 62881
3 bd 2 ba 1,482 sqft Built 1975 single_family
Most recent sale
$126,000
Mar 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 17, 2022 | Sold | $141,000 | MRED |
| Mar 15, 2022 | Sold | $126,000 | Public Record |
| May 31, 2013 | Sold | $72,500 | MLS #312347 |
| Sep 11, 2012 | Price changed | $74,900 | MLS #312347 |
| Jul 20, 2012 | Listed | $76,900 | MLS #312347 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $31,740 | $7,560 | $39,300 | $2,453 |
| 2022 | $26,960 | $6,430 | $33,390 | $2,822 |
| 2021 | $25,200 | $6,010 | $31,210 | $2,236 |
| 2020 | $25,010 | $5,970 | $30,980 | $2,206 |
| 2019 | $24,090 | $5,750 | $29,840 | $2,154 |
| 2018 | $24,090 | $5,750 | $29,840 | $2,159 |
| 2017 | $23,620 | $5,640 | $29,260 | $2,128 |
| 2016 | $22,240 | $5,320 | $27,560 | $2,073 |
| 2015 | $22,240 | $5,320 | $27,560 | $1,966 |
| 2014 | $22,240 | $5,320 | $27,560 | $1,979 |
| 2013 | $22,020 | $5,270 | $27,290 | $1,954 |
| 2012 | $21,800 | $5,220 | $27,020 | $459 |
| 2011 | $21,800 | $5,220 | $27,020 | $452 |
| 2010 | $22,690 | $5,330 | $28,020 | $429 |
| 2009 | $22,690 | $5,330 | $28,020 | $438 |
| 2008 | $21,950 | $5,160 | $27,110 | $515 |
| 2007 | $20,900 | $4,910 | $25,810 | $606 |
| 2006 | $20,100 | $4,720 | $24,820 | $614 |
Property facts
Year built
1975
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,482 sqft
Lot size
—
ZIP code
62881
City
Salem
Street
Reel Ave
Coordinates
38.63168, -88.95890
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
$756
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 742 Reel Ave last sell?
742 Reel Ave most recently sold on Mar 15, 2022 for $126,000.
What is the current tax assessment for 742 Reel Ave?
The most recent total assessment for 742 Reel Ave (year 2024) is $39,300 with $2,453 in property tax.
How does 742 Reel Ave's assessment compare to its last sale price?
The current assessment is 68.8% below the last sale price of $126,000.
When was 742 Reel Ave built?
742 Reel Ave was built in 1975.
How does 742 Reel Ave compare to others on Reel Ave?
We track 3 other properties on Reel Ave. Browse the list under "Other properties on Reel Ave" to compare beds, baths, and sale history.
What are the property facts for 742 Reel Ave?
742 Reel Ave is a 3 bed, 2 bath, 1,482 sqft single_family.
Is 742 Reel Ave a flip candidate?
No — 742 Reel Ave does not appear in our flips dataset.
Is 742 Reel Ave a tax-appeal candidate?
No — 742 Reel Ave 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
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