0 E Kankakee River Dr, Wilmington, IL, 60481
About This Home
Island living is no longer just a dream - here's your rare opportunity to own your very own private island retreat on the beautiful Kankakee River! Nestled on nearly an acre in the middle of the river, this unique property offers peace, privacy, and unforgettable waterfront views in every direction. The charming 1-bedroom cottage/studio is the perfect getaway for weekend escapes, fishing trips, or relaxing summer nights surrounded by nature. Property features include a private dock, solar panels, seawall, well, shower house, storage shed, generator, and mower - everything you need to start enjoying island life immediately. Wildlife lovers will appreciate the abundant vegetation, mature trees, and natural beauty that make this property feel like your own secluded paradise. Whether you're looking for a one-of-a-kind vacation property, hunting/fishing retreat, or peaceful escape from the everyday, this extraordinary island property is truly something special.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Metal
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 1
Features
- Cathedral Ceiling(s),Open Floorplan
- Attic: Finished
Heating & Cooling
- Heating features: None
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 180
- Total interior livable area: 180 sqft
Master Bedroom
- Level: Main
- Area: 176
- Dimensions: 11X16
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 0317081000570000
- Special condition: None
Features
- Stories: 1
- Exterior features: Dock
- Has view: Yes
- View description: Back of Property,Front of Property,Side(s) of Property
- Has water view: Yes
- Water view: Back of Property,Front of Property,Side(s) of Property
- On waterfront: Yes
- Waterfront features: River Front,Waterfront
- Waterbody name: KANKAKEE RIVER
Lot
- Lot size: 0.30 Acres
- Lot size dimensions: 00x00
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $960 | $11,520 |
| Home Insurance * | $131 | $1,572 |
| Property Taxes | $332 | $3,984 |
| Electricity | $130 | $1,569 |
| Total | $1,553 | $18,636 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Contingent | $189,900 |
| 2026-05-22 | Listed for sale | $189,900 |
| 2023-04-25 | Listing removed | -- |
| 2022-06-24 | Listed for sale | $360,000 |
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