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408 N Joliet St, Wilmington, IL, 60481

5beds
3baths
--sqft
$275,000
--price/sqft
$2,190/moest. monthly cost
$87,600/yrincome needed

About This Home

Investors looking to add to their portfolio or if you prefer to live in one and rent out the other, this is the perfect 2 unit*The bottom unit features 3 bedrooms and 1.1 bath's*newer vinyl flooring throughout, doors, bathroom fixtures and appliances*Three big bedrooms, all with ceiling fans and blinds*Large kitchen with plenty of cabinets and table space*laundry off kitchen*Large living room with beautiful old fireplace that has been sealed off and is for looks only*Primary bedroom has entrance to front deck for morning coffee or evening beverage*Large back yard for entertaining and outdoor activities*2nd unit is upstairs and has two large bedrooms with ceiling fans and blinds*Private balcony off living room for enjoying your favorite beverage*Each unit has their own separate entrance*Walk to downtown Wilmington for shopping, dining and festivities*Rents are below market and could be higher*

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

7/10
Wilmington Middle SchoolGrades 6-80.7 mi
5/10
Wilmington High SchoolGrades 9-120.9 mi

Construction

Materials

  • Foundation: Stone
  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Cellar,Exterior Entry,Partial

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Heating

  • Heating features: Natural Gas,Electric

Property

Details

  • Parcel number: 0317253390080000
  • Special condition: None

Lot

  • Lot size: 8,316 sqft
  • Lot size dimensions: 63 x 132

Parking

  • Total spaces: 5
  • Parking features: Off Street,Side Apron,Yes,Owned

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
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Tornado
Heat Wave
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood
Severe Storm
Straight Line Winds
Tornado

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

MonthlyAnnual
Mortgage $1,390$16,680
Home Insurance *$189$2,268
Property Taxes $481$5,772
Electricity $130$1,569
Total$2,190$26,280
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,085/yr
40% on housing$65,700/yr
45% on housing$58,400/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

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.

Insurance Growth Rate5-year average: 12.5%
12.5%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 60481$146
Will County$189

vs Homes Sold Last Month

Median $/sqft

ZIP 60481$203
Will County$193

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)

Price History

DateEventPrice
2023-09-20Sold$210,000
2023-08-11Contingent$239,000
2023-05-26Listed for sale$239,000
2023-04-10Contingent$239,000
2023-03-30Listed for sale$239,000
2022-09-28Listing removed--
2022-08-02Price change$255,000
2022-07-13Price change$275,000
2022-04-19Listed for sale$280,000
2019-10-04Sold$130,000
2019-08-26Pending sale$135,000
2019-08-13Listed for sale$135,000

For Sale by Agent

AgentJayne Sinchak, ABR,SRS
BrokerageBaird & Warner

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