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!
For sale
$122,000
506 N Broadway Ave, Salem, IL 62881
5beds
3,022sqft
Est.:
Single Family Residence, Residential
Built in 1900
7,500 Square Feet Lot
$122,700 Zestimate®
$40/sqft
$-- HOA
What's special
Spacious single-family homeFully functional upstairs apartment
- 18 days
- on Zillow |
- 374 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 01:01pm
Listed by:
SIRETHA A HOWE Pref:618-367-0535,
Midwest Farm & Land Co. LLC
Source: RMLS Alliance,MLS#: EB458995
Originating MLS: Egyptian Board of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Upper
- Dimensions: 10ft 1in x 12ft 2in
Bedroom 2
- Level: Upper
- Dimensions: 12ft 2in x 11ft 1in
Bedroom 3
- Level: Upper
- Dimensions: 13ft 6in x 11ft 4in
Bedroom 4
- Level: Main
- Dimensions: 15ft 5in x 11ft 1in
Bedroom 5
- Level: Main
- Dimensions: 15ft 5in x 12ft 2in
Kitchen
- Level: Upper
- Dimensions: 13ft 6in x 7ft 1in
Laundry
- Level: Upper
- Dimensions: 8ft 2in x 4ft 2in
Living room
- Level: Upper
- Dimensions: 13ft 6in x 13ft 2in
Main level
- Area: 1511
Upper level
- Area: 1511
Heating
- Has Heating (Unspecified Type)
Cooling
- Zoned
Features
- Basement: Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 3,022
- Total interior livable area: 3,022 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached, Gravel
- Garage spaces: 1
- Details: Number Of Garage Remotes: 0
Features
- Levels: Two
Lot
- Size: 7,500 Square Feet
- Dimensions: 60 x 125
- Features: Level
Details
- Parcel number: 1100015070
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Carrie E Jones
Location
- Region: Salem
Financial & listing details
- Price per square foot: $40/sqft
- Tax assessed value: $97,080
- Annual tax amount: $2,109
- Date on market: 7/24/2025
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