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Price cut: $10,000
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Detached Single · Wilmington, IL
$379,900$389,900
2 beds · 1 baths · 1,386 sqft
28542 S Walleye Lane, Wilmington, IL, 60481
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Central air4-car garage0.52-acre lot
A RARE KANKAKEE RIVER OFFERING! Tucked away in the well-known Phelan Acres river community, this one-of-a-kind waterfront property delivers a combination that is increasingly difficult to find: direct channel access to the Kankakee River, a private boat ramp, an impressive four-car detached garage and workshop, and more than half an acre surrounded by nature. Ideally positioned near the end of a quiet, dead-end street, the property enjoys the best of both worlds. On one side, the channel connects you to miles of boating, fishing, kayaking, and river recreation. On the other, a tree-lined cornfield creates a peaceful country backdrop where deer, pheasants, and other wildlife are frequent visitors. The established Phelan Acres neighborhood completes the setting, providing the feeling of a private retreat without being completely removed from the community. Whether you envision launching your boat from your own property, fishing just steps from your door, spending quiet evenings around a fire, or simply enjoying the scenery, this location offers a lifestyle few properties can match. The move-in-ready two-bedroom, one-bath cottage has been extensively updated while retaining its warm, inviting character. A spacious living room is centered around a beautiful brick fireplace-the perfect gathering place after a day on the river. The completely remodeled bathroom features an oversized tiled walk-in shower, quartz vanity, and modern fixtures. In the kitchen, timeless solid-wood cabinetry is complemented by beautiful new granite countertops, providing abundant storage and workspace. New luxury vinyl plank flooring flows throughout the home, while both bedrooms offer generously sized closets. A convenient laundry room with its own exterior entrance adds everyday functionality. Nearly every major infrastructure improvement has already been completed, including an entirely new plumbing system, new plumbing fixtures, new water heater, new pressure tank, new electrical service panel in the home, and new electrical panel and wiring in the detached garage. The property also features a private deep well with excellent water quality, a private septic system, and a newer natural-gas furnace, central air-conditioning system, and roof. All the heavy lifting has been done-simply move in and begin enjoying the property. Another exceptional feature is the approximately 1,250-square-foot detached four-car garage and workshop. With room for boats, trailers, classic cars, ATVs, motorcycles, recreational equipment, woodworking, hobbies, or an expansive workshop, this building is an incredible asset rarely found with a river property. Its brand-new electrical service adds even more versatility for projects, equipment, and year-round use. The spacious 0.52-acre corner lot provides abundant room for parking, entertaining, outdoor recreation, and storing the toys that make river living so enjoyable. Perfect as a full-time residence, weekend escape, sportsman's retreat, or recreational getaway, this is much more than a remodeled home-it is an opportunity to own a truly distinctive piece of the Kankakee River lifestyle. Properties offering this combination of private river access, a personal boat ramp, natural surroundings, substantial land, and an oversized garage are few and far between. Move in and start enjoying summer on the river!
— the listing agent’s description

The home

2 beds
1 baths
1,386 sqft
Built in 1969
0.52-acre lot
4-car garage
Detached Single
Ranch

What it’ll cost

$274 / sqft
$3,668 taxes / yr
$165/mo HOA
Listed $389,900
Now $379,900
31 days on dwello

Estimated monthly payment

$2,602/mo
Principal & interest$2,020
Property taxes$306
Homeowners insurance$111
HOA dues$165
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31 days on dwello
Price history
Price reduced
Aug 5, 2026
↓ $10,000$379,900
Listed for sale
Jul 9, 2026
$389,900
Now $10,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$3,668/yr
From county records — verify with the assessor.

Features

Central AirNatural GasVinyl SidingSeptic TankGravelGarage

Schools

Elementary — Bruning Elementary School
Middle — Wilmington Middle School
High — Wilmington High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Marlene Carlson · HomeSmart Realty Group
Listing last updated Aug 14, 2026 · data refreshed from the MLS Aug 14, 2026, 8:46 AM CT
Based on information submitted to the MLS GRID as of Aug 14, 2026, 8:46 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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