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2431 Adams St, Granite City, IL, 62040

4beds
2baths
1,300sqft
$130,000
$100price/sqft
$1,146/moest. monthly cost
$45,840/yrincome needed

About This Home

2413 Adams St in Granite City has more potential than meets the eye. This hidden gem sits on a private backyard lot and offers multiple opportunities for the right buyer, investor, handyman, or family looking to create long-term value. Currently believed to be larger than public records reflect, this home may offer closer to 4 bedrooms and 3 bathrooms with additional usable living space. A true diamond in the rough with solid upside potential. Property does need TLC including cosmetic updates and some mechanical attention, but the possibilities are there for the right vision. Whether you’re looking for: • Traditional purchase • Lease option / rent-to-own • Investor partnership • Possible Section 8 opportunity • Long-term rental strategy …we’re open to creative win/win solutions. Private backyard. Strong potential. Affordable entry point. Photos coming soon as cleanup and preparation continue. Section 8 welcomed. I’m a former realtor and current investor — I’m interested in creating win/win deals, not wasting anyone’s time. Serious inquiries only. Email with questions or interest: m.willis930@gmail.com

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

5/10
2/10
Coolidge Middle SchoolGrades 7-81.3 mi
2/10
Granite City High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1916

Materials

  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily

Interior

Appliances

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

Basement

  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Carpet,Laminate

Heating & Cooling

  • Heating features: Forced air,Electric,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 1,300 sqft

Property

Details

  • Parcel number: 222201810103033

Features

  • Exterior features: Vinyl

Lot

  • Lot size: 4,800 sqft

Parking

  • Total 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
  • 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 $657$7,884
Home Insurance *$166$1,992
Property Taxes $193$2,316
Electricity $130$1,569
Total$1,146$13,752
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$39,291/yr
40% on housing$34,380/yr
45% on housing$30,560/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

$100This listing

vs Other Active Listings

Avg $/sqft

ZIP 62040$82
Madison County$154

vs Homes Sold Last Month

Median $/sqft

ZIP 62040$99
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
2026-05-26Listed for sale$130,000
2021-07-20Sold$98,351
2021-06-17Pending sale$99,900
2021-06-05Listed for sale$99,900
2018-01-13Listing removed$28,000
2017-07-07Listed for sale$28,000

For Sale by Owner

AgentProperty Owner

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