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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wilmington at 202 N Mitchell St, Wilmington, IL, 60481 listed at $350,000 pairs $2,640/mo rent with a $1,713/mo payment to leave $212/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $2,549/yr on $116,025 cash to close. Return on cash invested measures 22.11% in year one, and rental yield registers 9.05% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 115.61% and total cumulative return in cash totals $134,138. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 60481, Wilmington, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,847 (100%) |
| Owner Occupied HU | 3,940 (67.4%) |
| Renter Occupied HU | 1,080 (18.5%) |
| Vacant Housing Units | 827 (14.1%) |
| Median Home Value | $330,893 |
| Average Home Value | $359,001 |
Residential
5,124
Single Family
4,953
Multi-Family
171
Businesses
329
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $350,000 |
| 2018-01-22 | Listing removed | $224,000 |
| 2017-11-19 | Pending sale | $224,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-18 | $6351.04 | 8.86% | $90,023 | 10.43% |
| 2022-04-18 | $5834.22 | 5.61% | $81,520 | 7.15% |
| 2021-04-18 | $5524.56 | 1.60% | $76,080 | 2.70% |
Listed by: Lera Tuskey • Crosstown Realtors, Inc
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12338886
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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. [Click here for more information](/mls-disclaimers/#17)
