506 E Elm Street, Salem, IL 62881 - Photo 1

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$94,900

For Sale
Active
Single Family
2 Beds
1 Full Bath
1 Partial Bath
655 Sq. Ft.
2 Car Garage
Updated 11 days ago

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Property Description

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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Full Property Details

Full Property Details for 506 E Elm St

General

Price: $94,900
Taxes: $582 (2025)
Status: Active
Type: Single Family
Source: MRED
MLS ID: 12690112
Updated: 7/3/2026
Added to Site: 24 day(s) ago

Interior

Basement: Unfinished

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Basement Baths: Yes

Bedrooms

Total Bedrooms: 2

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 7
Parking Features: Yes, Garage Owned, Detached, Garage

Location

Area: Salem
County: Marion
Township: Salem
Driving 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 Street. Continue to 506 E Elm Street, which will be on your left.

School Information

School District: 111
Elem School District: 111
Midd School District: 111
High School District: 600
Elementary School: Hawthorn School
Middle School: Franklin Park Middle School
High School: Salem Community High School
Private School: Salem Community High School

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Bungalow
Architectural Style: Bungalow
Construction: Vinyl Siding
Exterior Const.: Vinyl Siding
Basement: Yes
Basement Desc.: Unfinished, Full
Foundation: Concrete Perimeter
Roof: Asphalt
Square Feet: 655
Sq. Ft. Source: Other
Year Built: 1938
Built Before 1978: Yes
Remodeled/Updated: 2026

Additional Structures

Other Structures: Gazebo

Lot Features

Lot Size Range: .25 to .49 Acre
Lot Dimensions: 112 x 112
Lot Features: Corner Lot

Financial Considerations

Parking Included: Yes
Assessment Year: 1938
Tax Amount: $582.42
Tax Year: 2025
Pays Sewer: Public Sewer

Disclosures and Reports

Ownership: Fee Simple
Property ID: 1100010135

Listed by Midwest Farm & Land

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Schools

Schools serving 506 E Elm St

School Districts:Salem School District 111, Salem Community High School District 600

Name	Grades	Distance
Franklin Park Middle School 1325 Bobcat Cir, Salem, IL 62881	4-8	1.2 mi
Hawthorn Elementary School 1300 Bobcat Cir, Salem, IL 62881	K-3	1.3 mi
Salem Community High School 1200 North Broadway, Salem, IL 62881	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 E Elm St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/27/2026

Listed

$94,900

399.47%

MLS

5/02/2007

Sold

$19,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 506 E Elm St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$401

-16%

$5,810

-10%

2024

$478

—

$6,480

7%

2023

$479

3%

$6,050

10%

2022

$465

2%

$5,500

7%

2021

$456

—

$5,140

1%

2021

$456

1%

$5,100

4%

2020

$450

1%

$4,910

—

2019

$444

—

$4,910

2%

2018

$445

-37%

$4,820

-35%

2016

$707

11683%

$7,410

-43%

2012

$6

—

$13,090

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 506 E Elm St

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$95,000

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Mobile Home
Closed

3
Beds
2
Total Baths

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Sold

$86,600

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Single Family
Closed
Updated 13 days ago

3
Beds
2
Total Baths
1,446
Sq. Ft.

506 E Elm Street, Salem, IL 62881 (MLS# 12690112) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 506 E Elm Street is currently listed for $94,900 and was received on June 27, 2026. Want to learn more about 506 E Elm Street? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

506 E Elm St Salem, IL 62881