Real Estate Investment Properties for Sale in Salem, IL

Looking for investment property in Salem, IL with high ROI ?

Explore a variety of short-term homes & houses in Salem, IL. Invest wisely with VRBO & Salem, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Salem, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
416 S Maple St Salem, IL Check out this adorable 3 bedroom home with several updates including new furnace, HWH and...	3 beds \| 1 baths \| 1,259 sq.ft.	$119,900	Airbnb cash on cash: 7.9% Traditional cash on cash: 5.74% Airbnb Rental Income: $1880 Traditional Rental Income: $1128 Airbnb ROI: 7.9% Traditional ROI: 5.74%
102 Lost Hollow Dr Dr Salem, IL Where nostalgia meets harmony, this stunning home is nestled in a large prominent corner l...	4 beds \| 3 baths \| 4,308 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.11% Airbnb Rental Income: $null Traditional Rental Income: $3402 Airbnb ROI: N/A Traditional ROI: 8.11%
518 Roddy Road Salem, IL Freshly painted interior, open kitchen, dining and living room along with an island/bar aw...	3 beds \| 1 baths \| 1,008 sq.ft.	$139,000	Airbnb cash on cash: 7.36% Traditional cash on cash: 7.76% Airbnb Rental Income: $1880 Traditional Rental Income: $1432 Airbnb ROI: 7.36% Traditional ROI: 7.76%
145 Hickory Grv Salem, IL LOCATION is the name of the game. Over one half acre, at end of dead end street, close to ...	3 beds \| 2 baths \| 1,408 sq.ft.	$138,500	Airbnb cash on cash: 7.27% Traditional cash on cash: 11.39% Airbnb Rental Income: $1880 Traditional Rental Income: $1926 Airbnb ROI: 7.27% Traditional ROI: 11.39%
111 Hawthorn Estates Rd Salem, IL Located on a quiet Cul De Sac on Salem's northwest side is a roomy, 4-bedroom, two full ba...	4 beds \| 2 baths \| 2,010 sq.ft.	$292,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.08% Airbnb Rental Income: $null Traditional Rental Income: $2360 Airbnb ROI: N/A Traditional ROI: 6.08%
505 Schroeder Dr Salem, IL Check out this beauty with a brand-new kitchen! This charming 3-bedroom, 2-bath home is t...	3 beds \| 2 baths \| 1,448 sq.ft.	$175,000	Airbnb cash on cash: 5.28% Traditional cash on cash: 5.8% Airbnb Rental Income: $1880 Traditional Rental Income: $1464 Airbnb ROI: 5.28% Traditional ROI: 5.8%
2633 S Broadway Ave Salem, IL Seller is eager to sell this home, bring us a reasonable offer! 1900 square feet of living...	3 beds \| 1 baths \| 1,902 sq.ft.	$159,000	Airbnb cash on cash: 6.92% Traditional cash on cash: 7.8% Airbnb Rental Income: $1880 Traditional Rental Income: $1511 Airbnb ROI: 6.92% Traditional ROI: 7.8%
321 W Boone St Salem, IL One of Salem's gorgeous landmark homes is now available! This 2 story brick estate sets on...	5 beds \| 4 baths \| 4,155 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.66% Airbnb Rental Income: $null Traditional Rental Income: $3954 Airbnb ROI: N/A Traditional ROI: 9.66%
3287 Selmaville Rd Rd Salem, IL Completely move in ready, this comfortable home has been freshly painted throughout, newly...	3 beds \| 1 baths \| 990 sq.ft.	$149,000	Airbnb cash on cash: 6.99% Traditional cash on cash: 8.36% Airbnb Rental Income: $1880 Traditional Rental Income: $1574 Airbnb ROI: 6.99% Traditional ROI: 8.36%
2407 Selmaville Road Salem, IL 2.5 acres, 3 bedroom, 2 full bathrooms and a partial basement. Also includes a 26X40 two c...	3 beds \| 2 baths \| 1,680 sq.ft.	$172,000	Airbnb cash on cash: 5.55% Traditional cash on cash: 9.28% Airbnb Rental Income: $1880 Traditional Rental Income: $1990 Airbnb ROI: 5.55% Traditional ROI: 9.28%
112 Donoho Dr Salem, IL You will feel right at home stepping into this stunning and newly updated 4 bedroom, 3 bat...	4 beds \| 2 baths \| 1,700 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.75% Airbnb Rental Income: $null Traditional Rental Income: $2085 Airbnb ROI: N/A Traditional ROI: 7.75%
2114 Cedar Ave Ave Salem, IL 2114 Cedar Ave Ave, Salem, IL 62881 \| Single Family Residential	4 beds \| 2 baths \| 1,848 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.83% Airbnb Rental Income: $null Traditional Rental Income: $1771 Airbnb ROI: N/A Traditional ROI: 4.83%
105 Hickory Grove Rd Salem, IL 105 Hickory Grove Rd, Salem, IL 62881 \| Single Family Residential	3 beds \| 2 baths \| 1,597 sq.ft.	$164,900	Airbnb cash on cash: 4.95% Traditional cash on cash: 3.06% Airbnb Rental Income: $1880 Traditional Rental Income: $1081 Airbnb ROI: 4.95% Traditional ROI: 3.06%
803 S Maple St Salem, IL 803 S Maple St, Salem, IL 62881 \| Single Family Residential	2 beds \| 1 baths \| 838 sq.ft.	$99,000	Airbnb cash on cash: 8.59% Traditional cash on cash: 6.07% Airbnb Rental Income: $1699 Traditional Rental Income: $985 Airbnb ROI: 8.59% Traditional ROI: 6.07%
4248 Church Rd Salem, IL 4248 Church Rd, Salem, IL 62881 \| Single Family Residential	3 beds \| 3 baths \| 2,004 sq.ft.	$179,900	Airbnb cash on cash: 4.28% Traditional cash on cash: 6.95% Airbnb Rental Income: $1880 Traditional Rental Income: $1834 Airbnb ROI: 4.28% Traditional ROI: 6.95%
333 N Lakeview Dr Salem, IL 333 N Lakeview Dr, Salem, IL 62881 \| Single Family Residential	4 beds \| 2 baths \| 2,678 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.06% Airbnb Rental Income: $null Traditional Rental Income: $2018 Airbnb ROI: N/A Traditional ROI: 3.06%
3638 Hotze Rd Salem, IL 3638 Hotze Rd, Salem, IL 62881 \| Townhouse	4 beds \| 2 baths \| 1,966 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $1739 Airbnb ROI: N/A Traditional ROI: 3.47%
3073 Hotze Rd Salem, IL 3073 Hotze Rd, Salem, IL 62881 \| Single Family Residential	4 beds \| 2 baths \| 2,053 sq.ft.	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.36% Airbnb Rental Income: $null Traditional Rental Income: $1777 Airbnb ROI: N/A Traditional ROI: 11.36%
274 Oaktree Ave Ave Salem, IL 274 Oaktree Ave Ave, Salem, IL 62881 \| Single Family Residential	2 beds \| 1 baths \| 1,393 sq.ft.	$198,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 2.3% Airbnb Rental Income: $1699 Traditional Rental Income: $1132 Airbnb ROI: 2.8% Traditional ROI: 2.3%
1111 S Jefferson St Salem, IL 1111 S Jefferson St, Salem, IL 62881 \| Single Family Residential	3 beds \| 2 baths \| 1,902 sq.ft.	$189,000	Airbnb cash on cash: 3.92% Traditional cash on cash: 5.46% Airbnb Rental Income: $1880 Traditional Rental Income: $1653 Airbnb ROI: 3.92% Traditional ROI: 5.46%
1200 Block Roddy Rd Salem, IL 1200 Block Roddy Rd, Salem, IL 62881 \| Other	N/A beds \| N/A baths \| N/A	$59,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $531 Airbnb ROI: N/A Traditional ROI: 4.24%
130 N Hotze Rd Salem, IL 130 N Hotze Rd, Salem, IL 62881 \| Other	N/A beds \| N/A baths \| N/A	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.67% Airbnb Rental Income: $null Traditional Rental Income: $531 Airbnb ROI: N/A Traditional ROI: -2.67%
00 Mills Cart Rd Salem, IL 00 Mills Cart Rd, Salem, IL 62881 \| Other	N/A beds \| N/A baths \| N/A	$695,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.58% Airbnb Rental Income: $null Traditional Rental Income: $531 Airbnb ROI: N/A Traditional ROI: -2.58%
Lots Oak Park Rd Salem, IL Lots Oak Park Rd, Salem, IL 62881 \| Other	N/A beds \| N/A baths \| N/A	$39,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.45% Airbnb Rental Income: $null Traditional Rental Income: $531 Airbnb ROI: N/A Traditional ROI: 7.45%
119 Salem Dr Salem, IL	3 beds \| 1 baths \| 960 sq.ft.	$139,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 4.9% Airbnb Rental Income: $1880 Traditional Rental Income: $1175 Airbnb ROI: 6.42% Traditional ROI: 4.9%
2639 Broadway S Avenue Salem, IL Adorable, comfy and cozy home to spend the winter months. Kitchen offers substantial amoun...	2 beds \| 1 baths \| 968 sq.ft.	$124,000	Airbnb cash on cash: 6.79% Traditional cash on cash: 8.76% Airbnb Rental Income: $1699 Traditional Rental Income: $1462 Airbnb ROI: 6.79% Traditional ROI: 8.76%

Real Estate investment in Salem, IL

There are 26 properties for sale in the city of Salem . The median list price in Salem is $449,250 and the average price per square foot is $201. In January 2026, the average monthly cash on cash return in Salem is 8.00%. The average monthly rental income in Salem is $1,463.

Salem, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 26 investment properties available for sale in Salem.

In 2026, the best neighborhood to buy investment property is Salem.

The ROI for Short-Term is higher than the Long-Term in Salem with average rental income of $1,880.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, IL

416 S Maple St

Salem, IL

3 beds | 1 baths | 1,259 sq.ft.

$119,900

Airbnb cash on cash: 7.9%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $1880

Traditional Rental Income: $1128

Airbnb ROI: 7.9%

Traditional ROI: 5.74%

102 Lost Hollow Dr Dr

Salem, IL

4 beds | 3 baths | 4,308 sq.ft.

$319,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.11%

Airbnb Rental Income: $null

Traditional Rental Income: $3402

Airbnb ROI: N/A

Traditional ROI: 8.11%

518 Roddy Road

Salem, IL

3 beds | 1 baths | 1,008 sq.ft.

$139,000

Airbnb cash on cash: 7.36%

Traditional cash on cash: 7.76%

Airbnb Rental Income: $1880

Traditional Rental Income: $1432

Airbnb ROI: 7.36%

Traditional ROI: 7.76%

145 Hickory Grv

Salem, IL

3 beds | 2 baths | 1,408 sq.ft.

$138,500

Airbnb cash on cash: 7.27%

Traditional cash on cash: 11.39%

Airbnb Rental Income: $1880

Traditional Rental Income: $1926

Airbnb ROI: 7.27%

Traditional ROI: 11.39%

111 Hawthorn Estates Rd

Salem, IL

4 beds | 2 baths | 2,010 sq.ft.

$292,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.08%

Airbnb Rental Income: $null

Traditional Rental Income: $2360

Airbnb ROI: N/A

Traditional ROI: 6.08%

505 Schroeder Dr

Salem, IL

3 beds | 2 baths | 1,448 sq.ft.

$175,000

Airbnb cash on cash: 5.28%

Traditional cash on cash: 5.8%

Airbnb Rental Income: $1880

Traditional Rental Income: $1464

Airbnb ROI: 5.28%

Traditional ROI: 5.8%

2633 S Broadway Ave

Salem, IL

3 beds | 1 baths | 1,902 sq.ft.

$159,000

Airbnb cash on cash: 6.92%

Traditional cash on cash: 7.8%

Airbnb Rental Income: $1880

Traditional Rental Income: $1511

Airbnb ROI: 6.92%

Traditional ROI: 7.8%

321 W Boone St

Salem, IL

5 beds | 4 baths | 4,155 sq.ft.

$339,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.66%

Airbnb Rental Income: $null

Traditional Rental Income: $3954

Airbnb ROI: N/A