506 E Elm Street Salem, IL $ 94,900
506 E Elm Street
$ 94,900
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506 E Elm Street

Salem, IL, 62881
$ 94,900
Bedrooms2 Baths1.1 Sq 655

Monthly Estimate*

$ 599

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Single Family Home for sale in Salem, IL

for $94,900 with 2 bedrooms and 1 full bath, 1 half bath. This 655 square foot home was built in 1938.

Charming, move-in ready cottage on two parcels! Don't let the size fool you-this thoughtfully designed 2-bedroom, 1-bath home makes the most of every square foot while offering the perfect blend of comfort, character, and modern updates. Step inside to find a bright, freshly painted interior with beautiful new flooring throughout. The functional eat-in kitchen provides a cozy space for everyday meals, while the full unfinished basement offers abundant storage or room to expand in the future. Outside, you'll appreciate the spacious yard spanning two parcels, offering plenty of room for pets, gardening, entertaining, or simply enjoying the outdoors. The yard is partially fenced and features a charming pergola-covered patio-the perfect spot for morning coffee, relaxing evenings, or gathering with family and friends. A detached two-car garage provides excellent parking, storage, or workshop space. With new siding, new flooring, fresh paint, and nothing left to do but move in, this adorable cottage is ready for its next owner to make it home. Whether you're a first-time buyer, looking to downsize, or searching for an investment opportunity, you'll love the warmth, charm, and value this sweet property has to offer. Some listing photos have been virtually staged to illustrate the home's potential and inspire decorating ideas.

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Single Family Active

Price

$ 94,900

Bedrooms

2

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 582

Style

Bungalow

Year Built

1938

Town/City

Salem

County/Region

Marion

MLS | Web ID

12690112

Features
General
Living Area 655
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Closing
Roof Asphalt
Garage Spaces 2
Association Fee Includes None
Architectural Style Bungalow
Construction Materials Vinyl Siding
Year Built 1938
Township Salem
Tax Year 2025
Ownership Fee Simple
Additional Parcels Description 1100010130
Assoc Fee Paid Per Not Applicable
County Marion
New Construction N
Property Type Residential Detached Single
Other Structures Gazebo
Total Rooms 4
Full Baths 1
Status New
Directions Directions: Start at 1027 W Main Street. Head east on W Main Street toward downtown. Turn left (north) onto N Broadway Avenue. Continue north for about 0.3 miles. Turn right (east) onto E Elm
High School Salem Community High School
City Salem
High School District 600
MLS Area Salem
Elementary School Hawthorn School
Tax Annual Amount 582.42
Middle/Junior High School Franklin Park Middle School
Additional Parcels Y/N Y
Virtual Tour https://mls.ricoh360.com/48cc2cd7-22ff-4c94-949e-c9614610543d
Standard Status Active
Middle/Junior School District 111
Elementary School District 111
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Interior
Basement Unfinished Full
Half Baths 1
Total Bedrooms 2
Room Type No additional rooms
Total Baths 2
Bedrooms Possible 2
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Exterior
Parking Features Yes Garage Owned Detached Garage
Lot Features Corner Lot
Water Source Public
Total Parking 7
Foundation Details Concrete Perimeter
Lot Dimensions 112 x 112
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* Excluded Features
List By
Midwest Farm & Land

Broker

siretha@midwestfarmco.com

Email

Affordability Calculator

$648
Per Month
93%
7%
0%
Monthly Principal & Interest
$599
Monthly Property Taxes
$49
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5382673 Elementary School
5382674 Middle School
Salem Community High School High School
Pricing History
DatePricePrice ChangeDescription
6/27/2026$94,900 Listed Price

Map


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506 E Elm Street, Salem, IL, 62881 is a Single Family Home for sale at $94,900 with 655 sqft. 506 E Elm Street has 2 bedrooms, 1.1 baths, and was built in 1938. The property's zip code is 62881 which is in Salem, IL