246 E Penning Ave, Wood River, IL 62095
Property image
Property image
OFF MARKET

$140,600

Trulia Estimate
as of Sep 8, 2026
  • 3 Beds
  • 1.5 Baths
  • 1,680 sqft

246 E Penning Ave, Wood River, IL 62095

Home Highlights

Single-Family Home
Built in 1920
1,680 sqft
$84/sqft

Local Information

  • Map ViewExplore the area around 246 E Penning Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

THIS IS NOT YOUR TYPICAL RENTAL. IT'S YOUR OPPORTUNITY TO OWN!

HomeWays makes homeownership accessible to everyone.

If you've struggled with qualifying for a traditional home loan, HomeWays' lease purchase program is designed specifically for you. Bad Credit is OKAY, student debt and medical bills, NO PROBLEM. Don't miss out on this chance to make owning a home a reality. "No banks required!" Contact us today to get started!

This cozy home offers 3 bedrooms and 1.5 baths, perfect for comfortable living. The first floor is sunny and welcoming with a fireplace, updated kitchen, and one bedroom. Upstairs you'll find the other two bedrooms and additional living area. The unfinished basement has an addional fireplace and lots of storage space, or the option to finish for more living space! Outside you'll find a balcony and large deck as well as a fenced backyard, perfect for families with pets. The 3-car detached garage provides all of the additional storage space you'll need.

Purchase Price: $199,000
Monthly Payment: $1,980 (taxes and insurance included)
Down payment requirement: 5% (Move in with as little as 3% down. Call for details!)

100% of the down payment comes off the purchase price and secures your exclusive right to buy this home.

Don't miss out on this incredible opportunity to embrace the benefits of homeownership without the hassles of traditional banks. Call to schedule a viewing and take the first step toward owning a home of your own.

Owner financing
246 E Penning Ave, Wood River, IL 62095 is a 3 bedroom, 2 bathroom, 1,680 sqft single-family home built in 1920. It last sold for $90,000 on Sep 30, 2022 (4,445% above the $1,980 asking price). More recently, it was listed as a rental in June 2025 with an asking price of $1,980 per month. That rental listing was removed on June 30, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $140,600, with a rent estimate of $1,546/month.

Home Details for 246 E Penning Ave

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Appliances & Utilities
Refrigerator

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Rent to OwnAvailable: now

Exterior Features

Parking & Garage
Parking: Detached Off Street, On Site

Lot Information

Lot Area: 7501.032 sqft

Comparable Sales for 246 E Penning Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
447 N 3rd St, Wood River, IL
0.16
Single-Family Home
$89,900
04/20/26
3
1
1,443 sqft
226 E Penning Ave, Wood River, IL
0.03
Single-Family Home
$189,000
06/16/26
3
2
1,540 sqft
239 E Lorena Ave, Wood River, IL
0.08
Single-Family Home
$60,000
10/27/25
3
1
1,232 sqft
401 E Acton Ave, Wood River, IL
0.15
Single-Family Home
$186,500
07/01/26
3
2
1,792 sqft
242 E Lorena Ave, Wood River, IL
0.11
Single-Family Home
$195,000
02/03/26
3
2.5
1,619 sqft
414 E Lorena Ave, Wood River, IL
0.20
Single-Family Home
$145,000
09/09/25
2
2
1,824 sqft
469 Tipton Ave, Wood River, IL
0.25
Single-Family Home
$132,500
03/20/26
3
1
1,142 sqft
510 Hamilton Ave, Wood River, IL
0.27
Single-Family Home
$145,000
06/24/26
3
1
1,471 sqft
529 5th St, Wood River, IL
0.35
Single-Family Home
$164,900
12/04/25
3
2
1,677 sqft
560 Prospect St, Wood River, IL
0.42
Single-Family Home
$92,500
07/10/26
3
2
1,401 sqft

Nearby homes

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Rental Market Trends in Wood River

Last updated Sep 2026
Trulia Rent Estimate$1,546/mo
Average rent
$1.03K
$70MoM
Available listings
12
View rental market trends in Wood River, IL

Around this home

What Locals Say about Wood River

At least 80 Trulia users voted on each feature.

  • 90 % Say parking is easy

  • 82 % Say car is needed

  • 81 % Say it's dog friendly

  • 80 % Say yards are well-kept

  • 73 % Say there are sidewalks

  • 68 % Say kids play outside

  • 63 % Say it's walkable to restaurants

  • 63 % Say people would walk alone at night

  • 62 % Say there's holiday spirit

  • 56 % Say it's quiet

  • 56 % Say neighbors are friendly

  • 56 % Say streets are well-lit

  • 40 % Say it's walkable to grocery stores

  • 37 % Say they plan to stay for at least 5 years

  • 35 % Say there's wildlife

  • 19 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Hannahpilger56
    "Many events take place in this neighborhood! I absolutely love living here and highlight recommend living here! "
    0
    Flag
  • Kipsparrowk
    "Nice neighborhood. People take care of their houses on Willow! Very friendly people, walk, ride bikes. "
    0
    Flag
  • Mollyjoywyatt
    "Beautiful, older, well kept neighborhood. Roxana school district. Friendly people, lots of walkers, runners & dog walkers. Easy to get to STL In under 30 minutes."
    0
    Flag
  • Jodi L.
    "Don’t let kids out after dark. Maybe not even during the day by themselves. Lots of drug dealers everywhere "
    0
    Flag
  • Carolyn K.
    "The residents here are iffy. Lots of sketchy people running around. There's a couple halfway houses and section 8 houses within a few blocks of me that tend to cause trouble."
    3
    Flag
  • Carolyn K.
    "It's hit and miss depending on what street you live on. some will be well maintained with greet neighbors, and others are rough. sidewalks are in poor condition, dirty and usually have broken glass cluttering them which makes it hard to walk dogs. "
    2
    Flag
  • Kim D.
    "This area is very nice. People around here are very friendly and it’s a great place to raise your kids. "
    0
    Flag
  • Lklamere4
    "We are all very familiar with each other’s animals and know them by name. Our neighbors are all super awesome "
    0
    Flag
  • Quinn M.
    "farmers market downtown during the summer and fall. 7th Street has an annual yard sale. block parties occur every summer. "
    0
    Flag
  • Miranda M.
    "The dogs in this community are welcome here. They seem to be safe and always on a leash. If I had a dog I would feel safe to take it outside here."
    0
    Flag
  • Quinn M.
    "we have a lot of dog walkers in the area. it's a tight neighborhood with little traffic. don't forget to pick up your poop! "
    0
    Flag
  • Jenna G.
    "the drive around here is easy, friendly looking people all around, and lots of animals. Everyone has dogs and that is an A+ in my book"
    0
    Flag
  • Luckemomma
    "I live in the area. I've not had any issues with thefts. Neighbors are great. Schools are within walking distance. Parks and pool are also in walking distance. Family, kid and pet friendly area! Safe and quiet neighborhood. We love it here!!"
    0
    Flag
  • Luckemomma
    "I live in the area. The park and pool are within walking distance as are the schools. We have great teachers and a wonderful community. I've had no trouble with theft of any kind. Our neighbors look out for one another and are always willing to lend a hand. Our neighborhood is also very quiet. It's just a great place to live and raise a family!"
    0
    Flag
  • lkersey12
    "great neighborhood, a wonderful place to raise a family. just minutes from the roundhouse and aquatic center and the high school. "
    0
    Flag
  • Sue F.
    "I live in this neighborhood, and appreciate the peaceful enjoyment of this well established neighborhood. Located convenient to major interstates makes an easy commute to St. Louis, Scott Air Force Base as well as International Airport."
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jun 30, 2025
Source: Zillow Rentals
ListingRemoved
$1,980
Jun 16, 2025
Source: Zillow Rentals
Listed For Rent
$1,980
Jun 9, 2025
Source: MARIS #25028112
ListingRemoved
$230,000
Apr 30, 2025
Source: Zillow Rentals
ListingRemoved
$1,998
Apr 30, 2025
Source: MARIS #25028112
Listed For Sale
$230,000

Frequently asked questions about 246 E Penning Ave

  • What is 246 E Penning Ave estimated to be worth?
    Trulia's estimated value for 246 E Penning Ave in Wood River, IL is $140,600.
  • What is the price history for 246 E Penning Ave?
    246 E Penning Ave in Wood River, IL last sold for $90,000 in September 2022.
  • Is Wood River a buyer's or seller's market?
    Wood River is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Wood River?
    Residents describe Wood River, IL as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See recently sold homes in Wood River, IL.
  • Does 246 E Penning Ave have air conditioning?
    Yes, 246 E Penning Ave in Wood River, IL has air conditioning.
  • How big is the lot at 246 E Penning Ave?
    The lot at 246 E Penning Ave in Wood River, IL is about 0.17 acres (7,501 sq ft).

Homes for rent near 246 E Penning Ave

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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