1903 Lakewood Dr, Wilmington, IL, 60481
About This Home
Welcome to 1903 Lakewood Dr in Wilmington, a beautifully updated home near the scenic Kankakee River offering a rare opportunity with two PIN numbers, including additional land across the street with river frontage. This 2 bedroom, 1 bathroom home has been fully remodeled by the current owner with major interior upgrades including new insulation, drywall, updated electrical, central furnace and AC, and newer windows-providing peace of mind with all the big-ticket items already completed. Renovation commenced in 2022 and was completed in 2024, showcasing thoughtful updates throughout. Step inside to a bright, modern layout featuring updated flooring throughout, a clean neutral design, and a fully updated kitchen with stainless steel appliances, modern cabinetry, and ample counter space. The bathroom has also been fully renovated with contemporary finishes. What truly sets this home apart is the outdoor lifestyle-enjoy your own riverfront access just across the street, perfect for fishing, relaxing, and taking advantage of a private boat dock. Experience vacation-style living year-round with the privacy of your own home. Conveniently located with easy access to local shops, restaurants, and major roads while still offering a peaceful, tucked-away setting. Whether you're looking for a primary residence, weekend getaway, or investment opportunity, this property delivers on location, updates, and lifestyle. Move-in ready. Schedule your private showing today.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Construction materials: Vinyl Siding
Notable Dates
- Major remodel year: 2005
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Main Level,Gas Dryer Hookup,In Unit,Sink
Basement
- Basement: None
Bedroom2
- Features: Flooring (Carpet),Window Treatments (All)
- Level: Main
- Area: 136
- Dimensions: 17X8
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 120
- Dimensions: 10X12
Features
- 1st Floor Bedroom
- Flooring: Laminate
- Number of fireplaces: 1
- Fireplace features: Wood Burning,Living Room
- Fireplace: Yes
- Attic: Full
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 0
Kitchen
- Features: Flooring (Vinyl),Window Treatments (All)
- Level: Main
- Area: 216
- Dimensions: 18X12
Laundry
- Features: Flooring (Vinyl)
- Level: Main
- Area: 56
- Dimensions: 7X8
Living Room
- Features: Flooring (Tile),Window Treatments (All)
- Level: Main
- Area: 156
- Dimensions: 13X12
Master Bedroom
- Features: Flooring (Carpet),Window Treatments (All)
- Level: Main
- Area: 156
- Dimensions: 12X13
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 0824013020020000
- Special condition: None
Features
- Stories: 1
- Patio & porch: Patio
- Has view: Yes
- View description: Front of Property
- Water view: Front of Property
- On waterfront: Yes
Lot
- Lot size: 5,000 sqft
- Lot size dimensions: 50X100
Parking
- Total spaces: 2
- Parking features: Gravel,Driveway,Yes,Owned
- Has uncovered spaces: Yes
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 | $1,137 | $13,644 |
| Home Insurance * | $155 | $1,860 |
| Property Taxes | $393 | $4,716 |
| Electricity | $130 | $1,569 |
| Total | $1,815 | $21,780 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-24 | Price change | $233,900 |
| 2026-03-31 | Listed for sale | $234,900 |
| 2002-01-18 | Sold | $62,000 |
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