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51 W Beach Ave, Wood River, IL, 62095

2beds
1baths
1,080sqft
$129,000
$119price/sqft
$1,106/moest. monthly cost
$44,240/yrincome needed

About This Home

3-Bedroom Potential | 1.5 Baths | Move-In Ready Upstairs | Finished-Basement Potential Great opportunity for a buyer looking for a move-in-ready home with additional space and plenty of potential to add value. The property was previously valued at an ARV of over $165,000 with one bathroom, and the owner has since added a half bath in the basement. The main level is move-in ready and features two bedrooms, one full bathroom, a living room, kitchen, and pantry. The basement offers additional potential with framing already started for a third bedroom, half bathroom, laundry area, and additional living space. The basement is unfinished, giving the new owner the flexibility to finish it according to their own needs and vision. The furnace, plumbing, and electrical systems have been updated/new, with some remaining basement attachments and final connections still needing to be completed. The possibilities are great—you can move into the finished main level while taking your time with the basement. The additional space could potentially be transformed into a family room, man cave, guest area, additional living quarters, rental space, or another space that fits your needs. This property offers both immediate livability and future potential. Whether you’re looking for a home to make your own, an investment opportunity, or additional space to customize, this one is worth taking a look at. Come see the potential for yourself! Schedule a showing and take a look at what this property has to offer.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

5/10
4/10
10/10

Construction

Condition

  • Year built: 1923

Materials

  • Construction materials: Brick

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Bath/Stubbed,Full

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Finished area above ground: 1,080

Heating & Cooling

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

Interior Area

  • Total structure area: 1,080
  • Total interior livable area: 1,080 sqft

Property

Details

  • Parcel number: 192082120402024
  • Special condition: Standard

Features

  • Levels: One

Lot

  • Lot size: 5,501 sqft
  • Features: Interior Lot,Level

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
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Earthquake
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood

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 $652$7,824
Home Insurance *$132$1,584
Property Taxes $192$2,304
Electricity $130$1,569
Total$1,106$13,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$37,920/yr
40% on housing$33,180/yr
45% on housing$29,493/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: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$119This listing

vs Other Active Listings

Avg $/sqft

ZIP 62095$92
Madison County$154

vs Homes Sold Last Month

Median $/sqft

ZIP 62095$116
Madison County$119

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
2026-07-28Listed for sale$129,000
2025-05-01Sold$15,000

For Sale by Agent

AgentJonathan T Daugherty
BrokerageCisler & Associates Real Estate

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