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  • $98,900

    506 E Elm St, Salem, IL 62881

    2beds
    655sqft
    Single Family Residence
    Built in 1938
    0.29 Acres Lot
    $99,000 Zestimate®
    $151/sqft
    $1,149 Estimated rent

    Home value

    $99,000

    Estimated sales range

    Not available

    $1,149/mo

    Zestimate® history
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    What's special

    Bright freshly painted interiorDetached two-car garageFresh paintCharming pergola-covered patioFunctional eat-in kitchenNew sidingBeautiful new flooring throughout
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    SIRETHA HOWE 618-367-0535,

    MIDWEST FARM & LAND

    Bought with:

    JAYME MICHEL

    Equity Realty Group

    Source: MRED as distributed by MLS GRID,MLS#: 12690112MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Rooms
    • Room types: No additional rooms
    Primary bedroom
    • Level: Main
    • Area: 99 Square Feet
    • Dimensions: 9X11
    Bedroom 2
    • Level: Main
    • Area: 88 Square Feet
    • Dimensions: 11X8
    Kitchen
    • Level: Main
    • Area: 121 Square Feet
    • Dimensions: 11X11
    Living room
    • Features: Flooring (Luxury Vinyl)
    • Level: Main
    • Area: 154 Square Feet
    • Dimensions: 14X11
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Features
    • Basement: Unfinished,Full
    Interior area
    • Total structure area: 1,310
    • Total interior livable area: 655 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Yes, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Features
    • Stories: 1
    Lot
    • Size: 0.29 Acres
    • Dimensions: 112 x 112
    • Features: Corner Lot
    Details
    • Additional structures: Gazebo
    • Additional parcels included: 1100010130
    • Parcel number: 1100010135
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1938
    • Major remodel year: 2026

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Services included: None
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $151/sqft
    • Tax assessed value: $19,440
    • Annual tax amount: $582
    • Date on market: 6/27/2026
    • Listing terms: Rural Development
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/11/2026Sold$98,900+4.2%$151/sqft
    Source: MRED as distributed by MLS GRID #12690112 Report a problem
    7/28/2026Pending sale$94,900$145/sqft
    Source: MRED as distributed by MLS GRID #12690112 Report a problem
    6/27/2026Listed for sale$94,900+4645%$145/sqft
    Source: MRED as distributed by MLS GRID #12690112 Report a problem
    3/3/2015Sold$2,000-94.7%$3/sqft
    Source: Public Record Report a problem
    5/15/2007Sold$38,000$58/sqft
    Source: MRED as distributed by MLS GRID #EB254316 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$478 -0.3%$6,480 +7.1%
    2023$479 +3%$6,050 +10%
    2022$465 +2%$5,500 +7%
    2021$456 +1.3%$5,140 +4.7%
    2020$450 +1.5%$4,910
    2019$444 -0.2%$4,910
    2018$445 +0.8%$4,910 +1.9%
    2017$441 -37.6%$4,820 -35%
    2016$707 +22862.3%$7,410
    2015$3 -52%$7,410 -43.4%
    2012$6 +1.6%$13,090
    2011$6 -99%$13,090 -2%
    2010$625 -2%$13,360
    2009$638 $13,360
    Find assessor info on the county website

    Neighborhood: 62881

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hawthorn School
    • Middle: Franklin Park Middle School
    • High: Salem Community High School
    • District: 111

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $99,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $99,000