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Will 60481
22238 W Highway 113
Photo of 22238 W Highway 113
Sold on Jun 23, 2026

15

Map

Photo of 22238 W Highway 113
Photo of 22238 W Highway 113
$259,900
● House - Off Market

22238 W Highway 113

Wilmington, IL 60481
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,083 Ft²
$1,553
Est. Monthly

About This Property

Charming 3-bedroom, 1-bath ranch featuring an open-concept main living area. The living room flows seamlessly into the kitchen and dining space, complete with stainless steel appliances and ample cabinetry. All bedrooms are generously sized. Additional highlights include a 23x17 attached garage, a fully fenced yard, and a spacious 25x23 detached garage. Dont miss out!
Unit Size
1,083 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$240
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,412
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000790
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THAT PRT OF THE SW1/4 OF SEC 12, T32N-R9E, DAF: COMM AT A PT ON S LN OF SD SEC, 989.10 FT E OF THE SW COR OF SD SEC; THC N 15

Neighborhood

  • School District Name: Reed Custer Community Unit School District 255U
  • Census Tract: 883401

Geography

  • Parcel: 01-24-12-300-053
  • Meridian: SEC 12 TWN 32N RNG 09E
  • Municipality: CUSTER TWP
  • Latitude: 41.2623
  • Longitude: -88.1462

    Address

  • Full Address: 22238 W Highway 113
  • Address - House Number: 22238
  • Street Direction: W
  • Address - Street Name: Highway 113
  • State: IL
  • City Name: Wilmington
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $312,490
  • Tax Rate Code Area: 0104

    Appraisal Valuation

  • Standard Deviation: 0.1675
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 229,048
  • High Value: 267,436
  • Low Value: 190,659

    Market Valuation

  • Market Total Value: $168,264
  • Market Land Value: $23,277
  • Market Improvement Value: $144,987

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,088
  • Assessed Land Value: $7,759
  • Assessed Improvements Value: $48,329

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Nov 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020106571
  • Previous Sale Recording Date: Dec 29, 2017
  • Previous Sale Contract Date: Dec 03, 2017
  • Previous Sale Amount: $166,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Will

Stats & Trends

Median Asking:

$389,990

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2313 ft²

Average Home Age

33.5 years

Currently For Sale

1505 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 21244 W Highway 113 Highway, Custer Park, IL, 60481

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
21244 W Highway 113 Highway, Custer Park, IL, 60481 Listing by Eva Cuper

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kelsey Domina, Crosstown Realtors, Inc.
Data Source: MRED, MLS# MRD12643205
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 22238 West Rt 113 built and last sold?
The property at 22238 West Rt 113 was built in and last sold on Oct 22, 2020 for $187,000.
How much is this home worth?
The estimated value of the home located at 22238 West Rt 113 is $260,739.
What are some comparable homes to 22238 West Rt 113?
There are currently no comparable homes to 22238 West Rt 113.
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