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405 5th St, Lincoln, IL, 62656

2beds
1baths
755sqft
$50,000
$66price/sqft
$516/moest. monthly cost
$20,640/yrincome needed

About This Home

Situated on a corner lot within walking distance of various amenities, this tidy two-bedroom aluminum sided bungalow is packed with opportunity for improvement! Interior boasts an enclosed front porch, front facing living room, eat-in kitchen, two bedrooms, and a full hall bath (currently gutted). Property also features a partial basement, detached garage, older storage shed, and a whole lot of potential both inside as well as outside! ** Sold entirely as is -- cash or conventional financing only, please. **

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
51
BikeBikeable

Schools

8/10
Central Elementary SchoolGrades PK-50.3 mi
4/10
Lincoln Jr High SchoolGrades 6-80.4 mi
2/10

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Block,Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Range

Basement

  • Has basement: Yes
  • Basement: Partial,Unfinished

Bedroom1

  • Level: Main
  • Dimensions: 16ft 0in x 12ft 0in

Bedroom2

  • Level: Main
  • Dimensions: 9ft 0in x 12ft 0in

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Ceiling Fan(s)
  • Window features: Blinds

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 755
  • Total interior livable area: 755 sqft

Kitchen

  • Level: Main
  • Dimensions: 13ft 0in x 11ft 0in

Laundry

  • Level: Basement

Living Room

  • Level: Main
  • Dimensions: 13ft 0in x 13ft 0in

Main Level

  • Area: 755

Property

Details

  • Parcel number: 1235510800

Features

  • Patio & porch: Porch

Lot

  • Lot size: 7,000 sqft
  • Features: Corner Lot,Level
  • Lot size dimensions: 70 x 100

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tornado
Earthquake
Hail
Inland Flooding
Ice Storm
Lightning
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $252$3,024
Home Insurance *$63$756
Property Taxes $71$852
Electricity $130$1,569
Total$516$6,192
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$17,691/yr
40% on housing$15,480/yr
45% on housing$13,760/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.1%
12.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$66This listing

vs Other Active Listings

Avg $/sqft

ZIP 62656$83
Logan County$77

vs Homes Sold Last Month

Median $/sqft

ZIP 62656$99
Logan County$99

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-02Listed for sale$50,000
2025-03-07Sold$15,000

For Sale by Agent

AgentSeth A Goodman
BrokerageME Realty

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