506 N Broadway Avenue Salem, IL 62881
Listing Courtesy of: RMLS ALLIANCE / Midwest Farm & Land Co. LLC

  506 N Broadway Avenue Salem, IL 62881

Active (18 Days)
$122,000
5
BED
1
BATH
3,022
SQFT

Description

Investor’s Opportunity – Income-Producing Property with Endless Potential! This unique property has been partially converted into a duplex, with the upstairs unit currently rented for $1,050/month. The lower level has been walled off and partially gutted, providing a blank canvas for your vision. Whether you're looking for an income-generating investment or a chance to restore and customize your dream home, this one has potential written all over it. TOTAL home sq footage is aprox 3022 Sq ft. Live in the fully functional upstairs apartment while you complete the renovation downstairs—or transform it back into a spacious single-family home. Home is being sold as is. Don’t miss this value-packed opportunity with built-in income and plenty of upside!

MLS #:
EB458995
Taxes
$2,110(2024)
Type
Single-Family Home
Year Built
1900
County
Marion County

Listed By

Siretha a Howe, Midwest Farm & Land Co. LLC
Source
RMLS ALLIANCE
Last checked Aug 11 2025 at 8:17 AM GMT+0000
Bathroom Details
  • Full Bathroom: 1
Kitchen
  • Eat-In Kitchen
Subdivision
  • Carrie E Jones
Lot Information
  • Level
Heating and Cooling
  • Heating Systems - 2+
  • Zoned
Basement Information
  • Unfinished
Exterior Features
  • Roof: Shingle
School Information
  • Elementary School: Salem
  • Middle School: Salem
  • High School: Salem Community High School
Parking
  • Detached
  • Gravel
Living Area
  • 3,022 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by C21 All Pro Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 RMLS Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/11/25 01:17