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Residential Building Lot
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5 W Elmwood Avenue, Wilmington, IL 60481

LAND - Wilmington, IL

Property SizeContact for details
Lot Size0.12 Acres
Days on Market608

Property Features for 5 W Elmwood Avenue

General Information

Property type Land
Property subtype Other
Elementary school Bruning Elementary School
Elementary school district 209U
Middle school district 209U
High school district 209U
Directions Head south on IL-102 E toward W Ballou Rd, Turn right onto S Rivals Rd, Turn right onto Elmwood Ave
Subdivision Wilmington
Standard status Active
APN 0824132110040000
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 378

Utilities

Utilities Water Available
Listing Agency: ListWithFreedom.com
Listed By: Henry Torn · License #471018202
Added: Dec 18, 2024 Changed: Jun 8 Last Checked: Aug 18 at 8:06PM
MLS# 12258394

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering is a residential land parcel that combines three parcels into a single 0.12-acre site within the Municipality of Wilmington, Illinois. The property is being sold as part of a package that includes additional lots at 2 W Elmwood Ave, 5 W Elmwood Ave, and 8 W Elmwood Ave, Wilmington, IL 60481.

Wilmington, located in Will County, is described as having a small-town atmosphere with local parks, dining, and shopping, and it is situated along the Kankakee River. The city is also noted for easy access to larger nearby markets such as Joliet and Chicago, with proximity to major highways including I-55.

For buyers looking to build, this lot configuration creates a practical starting point for residential development within the Wilmington municipality. Because the sale is tied to the referenced package, interested parties should review the included parcels alongside this site to understand the full buildable arrangement being offered.

Key Highlights

  • 0.12‑acre residential lot in the Municipality of Wilmington, IL, combining three parcels
  • Sold as a package with properties at 2 W Elmwood Ave (MLS #12221340), 5 W Elmwood Ave (MLS #12258394), and 8 W Elmwood Ave (MLS #12258366)
  • Water available

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Auto Repair Shop Storage Facility Garden Center Big Box & Wholesale Store Kitchen & Bath Showroom Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

19
Businesses Nearby

Demographics for 60481, IL

11,518
Population
5,553
Households
2.1
Avg Household Size
46
Median Age
17%
College-Educated
92%
High-School Grad
123.5 sq mi
ZIP Area
93
Density / Sq Mi
$76,398
Median Household Income
$45,563
Median Earnings
$975
Median Rent
$224,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Three combined parcels totaling 0.12 acres offer room to build in Wilmington, Illinois, near I-55 and regional shopping.
Where is this residential land & home lot located?
The property is located at 5 W Elmwood Avenue Wilmington, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 0.12‑acre residential lot in the Municipality of Wilmington, IL, combining three parcels; Sold as a package with properties at 2 W Elmwood Ave (MLS #12221340), 5 W Elmwood Ave (MLS #12258394), and 8 W Elmwood Ave (MLS #12258366); Water available
More about this property
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