Ad #7734922
MLS #12700640
Located in the well-known Phelan Acres river community, this
28542 S Walleye Ln, Wilmington, Illinois, 60481
$389,900
2Beds
1Baths
1,386Sqft
0.520Acres
About this property
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 usebined 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!
Property Features
2 Beds
1 Baths
1,386 Sqft
Built in 1969
0.520 Acres
1 Story
Kankakee River
View Type: Water
Riverview
On Waterfront
Garage
Siding: Vinyl Siding
Asphalt Roof
Has Fireplace
Natural Gas
$3,668 / yr property tax
Will County
Additional Photos
Contact Information
Marlene Carlson
HomeSmart Realty Group
708-710-3828
Location
Listing Agent: Marlene Carlson 708-710-3828
Broker: HomeSmart Realty Group 708-710-3828 Listing Site
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: HomeSmart Realty Group 708-710-3828 Listing Site
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
LakeHouse.com
Printed Jul 20, 2026
Photo Gallery
$389,900
2
Beds
1
Baths
1,386
Sqft
28542 S Walleye Ln, Wilmington, Illinois, 60481
By contacting this agent you agree to these Terms and Conditions.
MLS# 12700640
Located in the well-known Phelan Acres river community, this
$389,900
28542 S Walleye Ln, Wilmington, Illinois, 60481
2
Beds
1
Baths
1,386
Sqft
0.520
Acres
$389,900
28542 S Walleye Ln, Wilmington, Illinois, 60481
2 Beds
1 Baths
1,386 Sqft
0.520 Acres
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 usebined 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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Property Details
HOME DETAILS
2 Beds
1 Baths
1,386 Sqft
Built in 1969
0.520 Acres
1 Story
WATER & VIEW
Kankakee River
View Type: Water
Riverview
On Waterfront
EXTERIOR
Garage
Siding: Vinyl Siding
Asphalt Roof
INTERIOR
Has Fireplace
Natural Gas
FINANCIAL & COMMUNITY
$3,668 / yr property tax
Will County
See More Details
Location
Mortgage Calculator
About Kankakee River
Looking for lakefront homes for sale on Kankakee River? Find waterfront real estate here. Located in Kankakee County, Illinois. Discover the best lake front listings - properties, land, and acreage to build your dream lake house, cottage or cabin on. Search for an agent who specializes in lake property to help you buy or sell a home.
Boating
Swimming
Lake Depth : Varies
Water Level : Varies
Ad Statistics
Ad Number
7734922
Viewed
28 times
Listing Status
Active
Added
Jul 09, 2026
Last Refresh
Jul 20, 2026 11:57:18 AM
Listing Information
Data Source
Midwest Real Estate Data, LLC
Source Property ID
12700640
Listing Agent: Marlene Carlson 708-710-3828
Broker: HomeSmart Realty Group 708-710-3828 Listing Site
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: HomeSmart Realty Group 708-710-3828 Listing Site
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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