516 Water St
Wilmington, IL 60481
3 bd 2 ba 1,500 sqft Lot 9,148 sqft single_family
Most recent sale
$51,000
Feb 10, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 16, 2022 | Sold | $207,000 | MRED |
| Sep 24, 2022 | Price changed | $230,000 | MLS #11612319 |
| Sep 14, 2022 | Price changed | $239,900 | MLS #11612319 |
| Aug 24, 2022 | Listed | $249,900 | MLS #11612319 |
| Feb 10, 2021 | Sold | $51,000 | MLS #10842668 |
| Nov 13, 2020 | Price changed | $53,900 | MLS #10842668 |
| Oct 14, 2020 | Price changed | $54,900 | MLS #10842668 |
| Sep 30, 2020 | Price changed | $59,900 | MLS #10842668 |
| Sep 1, 2020 | Listed | $75,900 | MLS #10842668 |
| Jun 23, 1999 | Sold | $107,000 | Public Record |
| May 1, 1996 | Sold | $47,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $35,927 | $19,580 | $55,507 | $3,597 |
| 2022 | $30,823 | $16,798 | $47,621 | $3,215 |
| 2021 | $28,766 | $15,677 | $44,443 | $3,030 |
| 2020 | $28,010 | $15,265 | $43,275 | $2,977 |
| 2019 | $27,458 | $14,964 | $42,422 | $2,936 |
| 2018 | $26,833 | $14,623 | $41,456 | $2,874 |
| 2017 | $25,066 | $13,660 | $38,726 | $2,678 |
| 2016 | $23,028 | $12,549 | $35,577 | $2,409 |
| 2015 | $22,477 | $12,249 | $34,726 | $2,419 |
| 2014 | $22,704 | $12,373 | $35,077 | $2,448 |
| 2013 | $24,194 | $13,185 | $37,379 | $2,504 |
| 2012 | $25,535 | $13,916 | $39,451 | $2,502 |
| 2011 | $27,064 | $14,749 | $41,813 | $2,436 |
| 2010 | $28,192 | $15,364 | $43,556 | $2,451 |
| 2009 | $28,192 | $15,364 | $43,556 | $2,396 |
| 2008 | $28,192 | $15,364 | $43,556 | $2,334 |
| 2007 | $26,471 | $14,426 | $40,897 | $2,147 |
| 2006 | $24,510 | $13,357 | $37,867 | $2,154 |
Property facts
Year built
—
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,500 sqft
Lot size
9,148 sqft
ZIP code
60481
City
Wilmington
Street
Water St
Coordinates
41.30391, -88.14550
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$306
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 516 Water St last sell?
516 Water St most recently sold on Feb 10, 2021 for $51,000.
What is the current tax assessment for 516 Water St?
The most recent total assessment for 516 Water St (year 2024) is $55,507 with $3,597 in property tax.
How does 516 Water St's assessment compare to its last sale price?
The current assessment is 8.8% above the last sale price of $51,000.
When was 516 Water St built?
The year built for 516 Water St is not in our records.
How does 516 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 516 Water St?
516 Water St is a 3 bed, 2 bath, 1,500 sqft, 9,148 sqft lot single_family.
Is 516 Water St a flip candidate?
Yes — 516 Water St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 516 Water St a tax-appeal candidate?
No — 516 Water St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.0%
Implied 1-yr
+19.8%
2026 Q3
$346.8K
2026 Q4
$359.8K
ZIP 60481 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Water St