524 Morgan St, Swansea, IL, 62226
About This Home
Full of opportunity, this home at 534 W Morgan St in Swansea delivers value, flexibility, and a standout location. Occupancy is approved for up to two people, making it ideal for a low-maintenance owner-occupant, rental investment, or even a small home-based business setup. Positioned on a corner lot, the property offers added visibility and outdoor space. Inside, the home is compact yet practical, designed for efficient living. The unfinished basement provides excellent storage space along with washer and dryer hookups, helping keep the main level uncluttered and functional. Outside, you’ll find a detached garage for parking, storage, or workshop use, along with a covered rear patio that extends your living space outdoors. Conveniently located near local amenities, this property offers affordability, potential, and versatility— cheaper than most rent with strong investment appeal. A rare chance to own a home that combines practicality and a great location with a front-row seat to community life. This property is being sold as-is. Motivated Sellers Agent relation.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Features
- Finished area above ground: 480
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 480
- Total interior livable area: 480 sqft
Property
Details
- Parcel number: 0816.0402001
- Special condition: Listing As Is
Features
- Levels: One
Lot
- Lot size: 7,405 sqft
- Features: Corner Lot
Parking
- Parking features: Garage
- Has garage: Yes
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
- Earthquake
- Heat Wave
- Lightning
- Tornado
- Hail
- Inland Flooding
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $429 | $5,148 |
| Home Insurance * | $96 | $1,152 |
| Property Taxes | $129 | $1,548 |
| Electricity | $130 | $1,569 |
| Total | $784 | $9,408 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-15 | Pending sale | $85,000 |
| 2026-07-15 | Price change | $85,000 |
| 2026-06-25 | Listed for sale | $87,500 |
| 2017-09-14 | Sold | $20,000 |
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