28542 S Walleye Lane
Wilmington, IL, 60481 $ 389,900
Bedrooms2 Baths1.0 Sq 1,386 Monthly Estimate*
$ 2,462
for $389,900 with 2 bedrooms and 1 full bath. This 1,386 square foot home was built in 1969 on a lot size of 0.52.
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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FeaturesGeneralLiving Area 1386
Sewer Septic Tank
Heating Natural Gas
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Range Microwave Refrigerator
HOA Fee 165
Garage Spaces 4
Association Fee Includes Insurance Snow Removal Other
Architectural Style Ranch
Construction Materials Vinyl Siding
Year Built 1969
Electric Circuit Breakers
Township Wilmington
Tax Year 2025
Ownership Fee Simple
Community Features Water Rights
Assoc Fee Paid Per Quarterly
County Will
New Construction N
Property Type Residential Detached Single
Other Structures Workshop Outbuilding
Total Rooms 5
Full Baths 1
Status Active
Directions Take County Line/Will Road north from Lorenzo Rd over Kankakee river bridge to first street you can turn right on which is Willow Ln. Follow Willow Ln all the way till it ends and bends to the right
High School Wilmington High School
City Wilmington
High School District 209U
MLS Area Wilmington
Elementary School Bruning Elementary School
Tax Annual Amount 3668
Middle/Junior High School Wilmington Middle School
Standard Status Active
Middle/Junior School District 209U
Elementary School District 209U
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InteriorInterior Amenities Granite Counters
Basement Crawl Space
Total Fireplaces 1
Fireplace Features Gas Log
Half Baths 0
Laundry Features Electric Dryer Hookup
Total Bedrooms 2
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 2
Bathroom European Shower
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ExteriorExterior Amenities Outdoor Grill
Parking Features Gravel Garage Yes Garage Owned Detached
Lot Features Corner Lot Irregular Lot Landscaped Water Rights Wooded Mature Trees
Water Source Well
Total Parking 4
Foundation Details Block
Lot Dimensions 117 X 307 X 76 X 166 X 65 X 64 X 42
Lot Size Acres 0.52
Waterfront Y/N Y
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* Excluded FeaturesList ByHomesmart Realty GroupBroker
marlene@carlsonlenoxgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,462
- Monthly Property Taxes
- $306
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Wilmington, IL
Average List Price $290,597
Percent of Sale Price 25%
About Wilmington, IL 99 Population
-1% Since 2002
$ 45,781 Median Income
42.35 Median Age
14% Households with Children
Trends Information provided by ATTOM Data Solutions.
1540398 Elementary School
1540725 Middle School
Wilmington High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/10/2026 | $389,900 | | Listed Price |