Will County, Wilmington, IL 60481
3 bd2 ba2,096 sfBuilt 1975
Gross spread$137,000
Description
Overview Attention investors and rehabbers! This 3-bedroom, 2-bath home offers 2,096 square feet with many major updates already completed, including the roof (2012), electrical panel and sub-panel, kitchen cabinets and countertops, flooring, lighting, GFI outlets, gutters, soffits, garage door openers, and a waterproofed basement. The property still requires deferred maintenance, including bathroom updates, deck repairs, some drywall and ceiling work, garage water intrusion repairs, unfinished basement improvements, and cosmetic updates throughout. The seller is also leaving behind a large supply of building materials that may be useful for a rental renovation, providing an opportunity for the next owner to reduce material costs depending on their investment strategy. Transaction Details Walkthrough Date: TBD Closing Date: 9/1/2026 Occupancy: Closing Vacant Access instructions: Via Scheduled Showing Title company: Old Republic Title Earnest money required: $10,000 Proof of funds required: Yes Starting Asking Price: $178,000 Buy It Now Price: $198,000 Comparable Properties 614 E Baltimore St, Wilmington, IL 60481 - $330,000: 2,500 sqft | 5/3 bed/bath | 8/20/2025 211 N Washington St, Wilmington, IL 60481 - $300,000: 1,900 sqft | 4/2 bed/bath | 10/8/2025 113 S Washington St, Wilmington, IL 60481 - $330,000: 2,400 sqft | 5/3 bed/bath | 10/1/2025 Next Steps Contact us if you need more information Schedule a property walkthrough Make an offer directly on this page Submit proof of funds Sign assignment agreement Disclaimers IMPORTANT: This listing represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material. Time-sensitive opportunity - this contract is being offered to multiple investors
Property
Seller
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