506 E Elm St Salem, IL 62881
Salem AreaEstimated payment $564/month
Highlights
- Popular Property
- Gazebo
- Living Room
- Corner Lot
- 2 Car Detached Garage
- Laundry Room
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $582
Year Built
- Built in 1938 | Remodeled in 2026
Lot Details
- Lot Dimensions are 112 x 112
- Corner Lot
- Additional Parcels
Parking
- 2 Car Detached Garage
- Parking Available
- Parking Included in Price
Home Design
- Bungalow
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 655 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Luxury Vinyl Tile Flooring
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Outdoor Features
- Gazebo
Schools
- Hawthorn Elementary School
- Franklin Park Middle School
- Salem Community High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $401 | $5,810 | $2,630 | $3,180 |
| 2024 | $478 | $6,480 | $3,640 | $2,840 |
| 2023 | $479 | $6,050 | $3,400 | $2,650 |
| 2022 | $465 | $5,500 | $3,090 | $2,410 |
| 2021 | $456 | $5,140 | $2,890 | $2,250 |
| 2020 | $450 | $5,100 | $2,870 | $2,230 |
| 2019 | $444 | $4,910 | $2,760 | $2,150 |
| 2018 | $445 | $4,910 | $2,760 | $2,150 |
| 2017 | $441 | $4,820 | $2,710 | $2,110 |
| 2016 | $707 | $7,410 | $2,560 | $4,850 |
| 2015 | $3 | $7,410 | $2,560 | $4,850 |
| 2012 | $6 | $13,090 | $2,500 | $10,590 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/27/2026 06/27/26 | For Sale | $94,900 | -- | $145 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $7,000 | -- | |
| Sheriffs Deed | $2,000 | -- | |
| Warranty Deed | $19,000 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $34,850 | New Conventional | |
| Previous Owner | $8,000 | New Conventional | |
| Previous Owner | $30,837 | Unknown |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12690112
APN: 1100010135
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.