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  • $389,900

    28542 S Walleye Ln, Wilmington, IL 60481

    2beds
    1,386sqft
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    Single Family Residence
    Built in 1969
    0.52 Acres Lot
    $-- Zestimate®
    $281/sqft
    $55/mo HOA

    What's special

    Located in the well-known Phelan Acres river community, this move-in-ready waterfront retreat offers the perfect blend of recreation, relaxation, and modern comfort. Featuring your own private boat ramp with direct channel access to the beautiful Kankakee River, this charming two-bedroom, one-bath cottage is ideal for boating, fishing, kayaking, hunting, or simply escaping to the peace and quiet of river living. Tucked away on a spacious 0.52-acre corner lot near the end of a dead-end street, you'll enjoy beautiful channel views on one side of the property and picturesque open fields on the other, where deer, pheasants, and other wildlife are frequent visitors. Inside, the home has been extensively updated and is truly move-in ready. The spacious living room is centered around a beautiful brick fireplace, creating the perfect place to gather after a day on the river. The completely remodeled bathroom features an oversized tiled walk-in shower, quartz vanity, and modern fixtures, while the kitchen combines timeless solid wood cabinetry with beautiful new granite countertops, offering abundant storage and workspace. New luxury vinyl plank flooring flows throughout the home, complemented by spacious bedroom closets and a convenient laundry room with its own exterior entrance. Extensive recent improvements provide exceptional peace of mind, including an entirely new plumbing system, new plumbing fixtures, new water heater, new pressure tank, new electrical service panel in the home, new electrical panel and wiring in the detached garage, private deep well with excellent water quality, private septic system, and newer natural gas furnace, central air conditioning, and roof. Nearly every major infrastructure improvement has already been completed, allowing you to simply move in and start enjoying the property. A true standout feature is the impressive detached garage and workshop offering approximately 1,250 square feet of versatile space. Whether you need room for boats, trailers, classic cars, ATVs, motorcycles, recreational equipment, woodworking, hobbies, or a serious workshop, this exceptional building is ready to accommodate it all. With its own brand-new electrical service, it provides endless possibilities for storage, projects, or business use. Combined with the generous half-acre lot, there is ample space for parking, entertaining, and enjoying everything this unique property has to offer. Whether you're searching for a full-time residence, a weekend getaway, or the ultimate river retreat, opportunities like this are few and far between. Move in just in time to enjoy summer on the Kankakee River!
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    Zillow last checked:

    Listed by:

    Marlene Carlson 708-935-2232,

    HomeSmart Realty Group

    Source: MRED as distributed by MLS GRID,MLS#: 12700640MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: No additional rooms
      Primary bedroom
      • Features: Flooring (Luxury Vinyl)
      • Level: Main
      • Area: 209 Square Feet
      • Dimensions: 11X19
      Bedroom 2
      • Features: Flooring (Luxury Vinyl)
      • Level: Main
      • Area: 90 Square Feet
      • Dimensions: 9X10
      Dining room
      • Features: Flooring (Luxury Vinyl)
      • Level: Main
      • Area: 182 Square Feet
      • Dimensions: 13X14
      Kitchen
      • Features: Kitchen (Galley, Granite Counters), Flooring (Luxury Vinyl)
      • Level: Main
      • Area: 117 Square Feet
      • Dimensions: 9X13
      Laundry
      • Features: Flooring (Luxury Vinyl)
      • Level: Main
      • Area: 81 Square Feet
      • Dimensions: 9X9
      Living room
      • Features: Flooring (Luxury Vinyl)
      • Level: Main
      • Area: 345 Square Feet
      • Dimensions: 15X23
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Range, Microwave, Refrigerator
      • Laundry: Electric Dryer Hookup
      Features
      • Granite Counters
      • Doors: Sliding Doors
      • Windows: Screens, Display Window(s), Some Wood Windows
      • Basement: Crawl Space
      • Attic: Unfinished
      • Number of fireplaces: 1
      • Fireplace features: Gas Log, Family Room
      Interior area
      • Total structure area: 0
      • Total interior livable area: 1,386 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Gravel, Garage, Yes, Garage Owned, Detached
      • Garage spaces: 4
      Accessibility
      • Accessibility features: No Disability Access
      Features
      • Stories: 1
      • Patio & porch: Deck
      • Exterior features: Outdoor Grill
      • Has view: Yes
      • View description: Water, Back of Property
      • Has water view: Yes
      • Water view: Water,Back of Property
      • Waterfront features: Waterfront
      Lot
      • Size: 0.52 Acres
      • Dimensions: 117 X 307 X 76 X 166 X 65 X 64 X 42
      • Features: Corner Lot, Irregular Lot, Landscaped, Water Rights, Wooded, Mature Trees
      Details
      • Additional structures: Workshop, Outbuilding
      • Parcel number: 0317063030011085
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      • Foundation: Block
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1969
      • Major remodel year: 2026

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Features: Water Rights
      HOA
      • Has HOA: Yes
      • Services included: Insurance, Snow Removal, Other
      • HOA fee: $165 quarterly
      Location
      • Region: Wilmington

      Financial & listing details

      • Price per square foot: $281/sqft
      • Tax assessed value: $174,696
      • Annual tax amount: $3,668
      • Ownership: Fee Simple
      • Has irrigation water rights: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/20/2026Sold$220,000$159/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$847 -2.4%$58,232 +5.6%
        2023$867 -27.6%$55,170 +10.4%
        2022$1,199 -2.3%$49,959 +7.1%
        2021$1,227 -1.6%$46,626 +2.7%
        2020$1,246 +0.1%$45,401 +2%
        2019$1,245 -0.6%$44,506 +2.3%
        2018$1,253 -0.6%$43,493 +7%
        2017$1,260 +0.9%$40,629 +8.8%
        2016$1,249 -3.5%$37,326 +2.4%
        2015$1,293 $36,434 -1%
        2014$1,293 +5%$36,802 -6.2%
        2013$1,232 +1%$39,218 -5.2%
        2012$1,220 +9.4%$41,391 -5.6%
        2011$1,115 +4%$43,869 -4%
        2010$1,073 +2.3%$45,697
        2009$1,048 +1.9%$45,697
        2008$1,028 $45,697 +6.5%
        2007-- $42,908 +8%
        2006$1,109 +6.7%$39,730 +4.3%
        2005$1,039 -3.5%$38,088 +6.8%
        2004$1,077 -12.7%$35,653 +7.7%
        2003$1,233 -0.4%$33,107
        2002$1,238 +4.8%$33,107
        2001$1,182 $33,107
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 60481

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Bruning Elementary School
        • Middle: Wilmington Middle School
        • High: Wilmington High School
        • District: 209U

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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