#EB457401, JOSEPH PURDY, Listing office: Real Broker LLC
Property details
About 506 N Broadway Ave
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!
Highlights
Home typeSingle Family Residence
StatusActive
CoolingZoned
Size3,022 sqft
BasementYes
Year built1900
ParkingDetached, Gravel
MLS #EB458995
Garage1 space
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 5
- Garage Space: 1 space
- Attached Garage: No
- Parking: Detached, Gravel
- Cooling: Zoned
- List Price: $122,000
- Price/SqFt: $40
- Annual Tax Amount: $2,562
- Tax Year: 2023
- Lot: Level
- Directions: Property located on Main street next to Barn field Dentistry.
- Year Built: 1900
- Living Area: 3,022 SqFt
- MLS Number: EB458995
- MLS Name: RMLSA
- Office Name: Midwest Farm & Land Co. LLC
- Listing Agent: SIRETHA HOWE
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/28/2025, 6:35:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 08, 2023 | Home Sold | $71,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $32,360 | $2,562 |
| 2022 | $29,420 | $2,487 |
| 2021 | $27,490 | $2,438 |
| 2020 | $27,280 | $1,878 |
| 2019 | $26,280 | $1,832 |
| 2018 | $27,060 | $1,906 |
| 2017 | $26,530 | $18 |
History based on county public records data.
Nearby schools
6
Hawthorn Elementary School
Public District KG-3
0.9 mi
•1300 Bobcat Cir
3
Sandoval Elementary School
Public District PK-6
9.3 mi
•300 E Perry Ave
3
Jordan Elementary School
Public District 2-3
11.1 mi
•311 Airport Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,087. The most common annual income of people living in Salem, IL is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
55%
35k-100k
8%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
11%
Single, with Kids
29%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
36%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Figure Skating
College Football
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Express/Express For Men
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Sonic
What do the neighbors drive?
Chevrolet
Buick
Kia
What do the neighbors listen to?
Country
Oldies
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 506 N Broadway Ave
The listing price of 506 N Broadway Ave property is $122,000.
The property 506 N Broadway Ave is a house located in Salem, Illinois, 62881.
Active Listing: 506 N Broadway Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 506 N Broadway Ave are: Hawthorn Elementary School (GreatSchools Rating 6/10), Sandoval Elementary School (GreatSchools Rating 3/10), Jordan Elementary School (GreatSchools Rating 3/10), Franklin Park Middle School (GreatSchools Rating 8/10), Selmaville Elementary School (GreatSchools Rating 3/10), Odin Attendance Center K-8 (GreatSchools Rating 3/10), Salem Community High School (GreatSchools Rating 6/10), Odin Attendance Center 9-12 (GreatSchools Rating 2/10), Sandoval Sr High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $2,562 (source: MLS/based on county public records data).
The last sale was on September 8, 2023 for $71,500 (source: MLS/tax record).
The property at 506 N Broadway Ave has 5 bedrooms and 1 bathroom.
The property 506 N Broadway Ave is 3,022 SqFt (source: MLS/tax record).
The year of construction for 506 N Broadway Ave is 1900.
This home is located at 506 N Broadway Ave in Salem, IL and zip code 62881. This 3,022 square foot home was built in 1900. Features: 5 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 24, 2025 and is currently priced at $122,000.
While more than 4 listings in Salem, IL in June 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below. Between May and June 2025, Salem, IL real estate market has seen no change in the number of listings . Listings spent 11 days on the market in June 2025, and had a median list price of $150,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.