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Listing provided courtesy of MIDWEST FARM & LANDMREDas Distributed by MLSGrid- MLS# 12690112MLS Provider

506 E Elm StreetSalem, IL 62881

Single Family · 2 Beds · 1 Full Bath · 1 Half Bath · 655 Sq. ft.
$94,900 New

506 E Elm Street Overview

Time on Site:
1 day
Visits:
0

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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506 E Elm Street Facts & Features

  • Type Single Family
  • Sq. ft. 655
  • Price/Sq.ft. $145

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

  • School District: 600
  • Elementary School: Hawthorn School
  • Middle Or Junior School: Franklin Park Middle School
  • High School: Salem Community High School

Building Information

  • New Construction: No
  • Year Built: 1938

Location/Region

  • County Or Parish: Marion
  • MLS Area Major: Salem
  • Township: Salem

Tax Information

  • Tax Annual Amount: $582.42
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 1100010135
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 655
  • Basement SqFt.: 655
  • Total SqFt.: 655
  • Unfinished Basement SqFt.: 655

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total: 2
  • Bedrooms Total: 2
  • Bedrooms Possible: 2

General Information

  • Basement: Unfinished, Full
  • Cooling: Central Air
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas
  • Living Area: 655
  • Living Area Source: Other
  • Rooms Total: 4

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 7

Lot Information

  • Additional Parcels: Yes
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 112 x 112
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Bungalow
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt

General Information

  • Other Structures: Gazebo
  • Sewer: Public Sewer

Room Information

Room: Bedroom 2

  • Level: Main
  • Dimensions: 11X8

Room: Kitchen

  • Level: Main
  • Dimensions: 11X11

Room: Living Room

  • Level: Main
  • Dimensions: 14X11

Room: Master Bedroom

  • Level: Main
  • Dimensions: 9X11

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Dining Room

  • Level: N/A

Room: Family Room

  • Level: N/A

Room: Laundry

  • Level: N/A

506 E Elm Street Neighborhood

Community

62881 (SALEM) Demographics

42
Median Age
106
Population Density (per sq. mile)
32%
College Educated
$53,239
Estimated Median Income
3,331
Estimated Total Home Owners
1,327
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

506 E Elm Street Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

506 E Elm Street Market Data

Based on the last 30 days in this zip code

$193,728
Average List Price
$117
Average Price per Square Foot
6
Properties Sold
70
Average Days on Market
38
Properties for Sale
Calculations provided by Reliance Network

506 E Elm Street History

Date Event Value Agent
6/29/2026Source: MRED Added to Database
June 29, 2026