Wilmington, IL Homes for Sale under $200,000

/31
$163,000
- 2 Beds
- 1 Bath
- 640 Sq Ft
95 Smallmouth Ln, Wilmington, IL 60481

Welcome to waterfront living at Shadow Lakes! This updated 2-bed, 1-bath year-round home offers the perfect balance of comfort and recreation-just under an hour from Chicago in a secure gated community. Enjoy peaceful views from your two-tier deck and covered gazebo overlooking the wide channel leading to Big Shadow Lake. Recent improvements include a new roof (2025), updated HVAC and ductwork

Krystal Ruggiero

eXp Realty

(779) 273-3990

95 Smallmouth Ln, Wilmington, IL 60481
Explore Wilmington
/29
$187,475
- 2 Beds
- 2 Baths
- 1,439 Sq Ft
20340 Illinois 113, Wilmington, IL 60481

UNIQUE OPPORTUNITY - Live a resort lifestyle every day in this waterfront log cabin! Cabin features 2 bedrooms, 2 bathrooms, open concept floor plan, a finished walkout basement, nestled on a boatable portion of the Kankakee River. Enjoy the beautiful scenery from your front porch, or the calming waterfront views from your covered back deck, or cozy fires in your wood burning fireplace. THIS

Jerrick Longest

@properties Christie's International Real Estate

(779) 235-9064

20340 Illinois 113, Wilmington, IL 60481
/36
$185,000
- 3 Beds
- 1.5 Baths
- 1,231 Sq Ft
2032 Roberts St, Wilmington, IL 60481

Perfectly situated on a large lot with mature trees, this recently updated 3 Bedroom, 1.5 Bath ranch offers plenty of outdoor space and a 2 car garage. The new front door welcomes you into the freshly painted interior featuring new light fixtures and wood laminate flooring throughout and a Living Room with large picture window, custom ceiling and wood burning fireplace with real oak mantel and

Kristina Klein Realtopia Real Estate Inc

2032 Roberts St, Wilmington, IL 60481
/33
$110,000
- 1 Bed
- 1 Bath
- 400 Sq Ft
82 Dinosaur Rd, Wilmington, IL 60481

Memories made at the lake last a lifetime! Such a great price for an amazing waterfront location. Aug 2025 new flooring installed. This adorable 1 bed, 1 bath home with a loft offers a three tiered deck, private beach & fire pit area, perfect for those gatherings with family & friends. Area to the right of the home is owned by the association, so no neighbors to the right! Make long lasting

Kimberly Engelhardt Lori Bonarek Realty

82 Dinosaur Rd, Wilmington, IL 60481
/35
$112,000
- 1 Bed
- 1 Bath
- 400 Sq Ft
195 Fossil Cove Ln, Wilmington, IL 60481

Park model with a new, beautiful, patio solarium. This waterfront park model, brings the wildlife and nature right to your lot. Enjoy many moments relaxing in the solarium, complete with walls and / or screens. Your deck leads to the cozy back yard and water front. Inside, the layout is unique, as it has an open kitchen / living area, giving you diversity for table space. Newer vinyl

Diane Brannock Hexagon Real Estate

195 Fossil Cove Ln, Wilmington, IL 60481
/30
$110,000
- 1 Bed
- 1 Bath
- 400 Sq Ft
79 Dinosaur Rd, Wilmington, IL 60481

WHAT A GREAT PRICE for this Adorable WATERFRONT home! LAKE MORE & WORRY LESS. IN UNIT Washer/Dryer, NEW furnace, NEW Sliding Glass Door, NEW HWH & NEW shut off valve (Dec 2024). Relax and entertain on your maintenance free deck & fish from your lower maintenance free dock. The furniture & most items in home will stay. Resort living all year round. Make long lasting memories in this amazing

Kimberly Engelhardt Lori Bonarek Realty

79 Dinosaur Rd, Wilmington, IL 60481
/4
$125,000
- Land
- 0 Acre
LOT 5 Catherine Ct, Wilmington, IL 60481

Incredible development opportunity in the historic and established community of Wilmington Illinois. This subdivision is currently experiencing development activity and this Lot is 1 of 8 improved lots with utilities to the site. Wilmington boasts numerous outdoor recreational activities, a fantastic school district, a vibrant and diverse business sector, and a historic downtown area with

Michael Galvan Baird & Warner

LOT 5 Catherine Ct, Wilmington, IL 60481
/4
$125,000
- Land
- 0 Acre
LOT 7 Jennifer Ln, Wilmington, IL 60481

Incredible development opportunity in the historic and established community of Wilmington Illinois. This subdivision is currently experiencing development activity and this Lot is 1 of 8 improved lots with utilities to the site. Wilmington boasts numerous outdoor recreational activities, a fantastic school district, a vibrant and diverse business sector, and a historic downtown area with

Michael Galvan Baird & Warner

LOT 7 Jennifer Ln, Wilmington, IL 60481
/2
$125,000
- Land
- 0 Acre
LOT 6 Jennifer Ln, Wilmington, IL 60481

Incredible development opportunity in the historic and established community of Wilmington Illinois. This subdivision is currently experiencing development activity and this Lot is 1 of 8 improved lots with utilities to the site. Wilmington boasts numerous outdoor recreational activities, a fantastic school district, a vibrant and diverse business sector, and a historic downtown area with

Michael Galvan Baird & Warner

LOT 6 Jennifer Ln, Wilmington, IL 60481
/3
$125,000
- Land
- 0 Acre
LOT 4 Catherine Ct, Wilmington, IL 60481

Incredible development opportunity in the historic and established community of Wilmington Illinois. This subdivision is currently experiencing development activity and this Lot is 1 of 8 improved lots with utilities to the site. Wilmington boasts numerous outdoor recreational activities, a fantastic school district, a vibrant and diverse business sector, and a historic downtown area with

Michael Galvan Baird & Warner

LOT 4 Catherine Ct, Wilmington, IL 60481
/3
$150,000
- Land
- 0 Acre
Lot 3 Sarah St, Wilmington, IL 60481

Incredible development opportunity in the historic and established community of Wilmington Illinois. This subdivision is currently experiencing development activity and this Lot is 1 of 8 improved lots with utilities to the site. Wilmington boasts numerous outdoor recreational activities, a fantastic school district, a vibrant and diverse business sector, and a historic downtown area with

Michael Galvan Baird & Warner

Lot 3 Sarah St, Wilmington, IL 60481
/2
$125,000
- Land
- 0 Acre
LOT 1 Kristin Ln, Wilmington, IL 60481

Incredible development opportunity in the historic and established community of Wilmington Illinois. This subdivision is currently experiencing development activity and this Lot is 1 of 8 improved lots with utilities to the site. Wilmington boasts numerous outdoor recreational activities, a fantastic school district, a vibrant and diverse business sector, and a historic downtown area with

Michael Galvan Baird & Warner

LOT 1 Kristin Ln, Wilmington, IL 60481
/4
$150,000
- Land
- 0 Acre
Lot 2 Sarah St, Wilmington, IL 60481

Incredible development opportunity in the historic and established community of Wilmington Illinois. This subdivision is currently experiencing development activity and this Lot is 1 of 8 improved lots with utilities to the site. Wilmington boasts numerous outdoor recreational activities, a fantastic school district, a vibrant and diverse business sector, and a historic downtown area with

Michael Galvan Baird & Warner

Lot 2 Sarah St, Wilmington, IL 60481
/2
$109,900
- Land
- 0.79 Acre
- $139,114 per Acre
31951 W River Rd, Wilmington, IL 60481

Great location to build a 4 unit. Zoning change is in the works. It also has commercial potential.

Beverly Chaney Beverly Chaney

31951 W River Rd, Wilmington, IL 60481
/2
$189,900
- Land
- 11.25 Acres
- $16,880 per Acre
0000 Stevens Ln, Wilmington, IL 60481

Perfect home site, country setting, wooded, close to town, but very private. 11.25 wooded acres, City of Wilmington, City water available (please verify with the City of Wilmington,.) Current owners purchased this property over 20 years ago, Zillows previous sale in 2022 is not correct

Mark Shell Pro Real Estate

0000 Stevens Ln, Wilmington, IL 60481
/3
$125,000
- Land
- 0 Acre
Lot 8 Kirsten Lee Dr, Wilmington, IL 60481

Michael Galvan Baird & Warner

Lot 8 Kirsten Lee Dr, Wilmington, IL 60481

Illinois Will County Wilmington

Home Trends in Wilmington, IL

On average, homes in Wilmington, IL sell after 52 days on the market compared to the national average of 53 days. The median sale price for homes in Wilmington, IL over the last 12 months is $237,500, up 28% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$237,500

Median Single Family Sale Price

$242,000

Median Townhouse Sale Price

$190,000

Median 2 Bedroom Sale Price

$215,000

Average Price Per Sq Ft

$197

Number of Homes for Sale

Last 12 months Home Sales

124

Months of Supply

1.30

Median List Price

$244,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

28%

How to Buy a Home How to Finance a Home How to Sell a Home

In Wilmington, you'll find a diverse selection of properties with 16 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Wilmington, IL.

Wilmington Types of Homes for Sale

Wilmington Homes by Price

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