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500 S Grand Ave, Cowden, IL, 62422

4beds
2baths
1,165sqft
$215,000
$185price/sqft
$1,647/moest. monthly cost
$65,880/yrincome needed

About This Home

?? $215,000 – Fully Remodeled on 1.24 Acres in Cowden, IL ?? Completely gutted down to the studs and rebuilt in 2022—this home is basically brand new! Featuring 4 bedrooms and 2 bathrooms, this home sits on 1.24 acres and is move-in ready! ?? All new electrical, plumbing, HVAC, roof, windows ?? New drywall, insulation, flooring, and fixtures ?? Fully updated kitchen & bathrooms ?? New siding, stonework, and exterior updates ?? Full basement with plenty of storage space And more!! You get the charm of an older home with the peace of mind of new construction—no major updates needed! ?? Detached 2-car garage with new siding, added insulation, and electric heat—perfect for year-round use. ?? Convenient location in Cowden, IL, close to everything you need. Message me for more details or to schedule a showing!

Getting Around

19
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

6/10
7/10
Cowden-Herrick High SchoolGrades PK,6-120.2 mi

Construction

Condition

  • Year built: 1910

Materials

  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Flooring: Carpet,Hardwood

Interior Area

  • Total interior livable area: 1,165 sqft

Property

Details

  • Parcel number: 05241000100019

Lot

  • Lot size: 1 Acres

Parking

  • Parking features: Garage - Detached

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 WaveVery High
  • Lightning
    LightningVery High
  • Drought
    DroughtRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

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 $1,087$13,044
Home Insurance *$190$2,280
Property Taxes $240$2,880
Electricity $130$1,569
Total$1,647$19,764
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,468/yr
40% on housing$49,410/yr
45% on housing$43,920/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: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$185This listing

vs Other Active Listings

Avg $/sqft

ZIP 62422$118
Shelby County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 62422
Shelby County$113

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)

No zestimate history available

Price History

DateEventPrice
2026-06-25Listed for sale$215,000

For Sale by Owner

AgentProperty Owner

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