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$ 625,000
Est. payment | /mo
3,728 SqFt
$ 625,000
Est. payment | /mo
3,728 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,728 sqft
Price per Sqft $167
MLS Listing ID 12365383
Maintenance Fees $1
Year Built 1945
Annual Tax Amount $13,620
Tax Year 2024
Lot Size 0.390 Acres
Lot Dimensions 50X217X74X232
Property Sub-Type Multi Family 5+
Property Description
Discover a rare opportunity to own a beautifully maintained 5-unit lakefront property on the serene shores of Nippersink Lake, part of the Chain O'Lakes in northern Illinois. Whether you're seeking a turn-key investment, a multi-family getaway, or the perfect blend of both, this unique property offers endless potential. This lakefront property is currently used as short-term rentals under a special use permit from Lake County. Each unit offers a private entrance and open-concept layouts with modern kitchens and updated baths. Three of the units are larger with 2 bedrooms, ideal for year-round living or premium short-term rentals. The remaining two are cozy 1 bedroom units perfect for weekend getaways, each offering warm, inviting interiors with rustic charm and contemporary finishes. This property is offered completely furnished! The outdoor seating area provides a place to relax and take in the panoramic views. Boating, fishing, and watersports are a few doors down from the property. Up the road is the brand new Lakefront Park - Fox Lake (opening Memorial Day weekend) with an ADA-compliant pier and boardwalk, pickleball courts, splash pads, sand beach, and even fishing allowed off the rocks on either side of the beach. Lakefront Park will also be the new location of Friday Night Live Concerts starting on June 6, 2025. Located minutes from other attractions such as downtown Fox Lake, shopping, dining, and the Metra station, this property truly offers the ideal balance of tranquility and accessibility. It's a smart investment in a highly desirable lakefront community. Seller financing IS available. Don't miss your chance to own this exceptional property on Nippersink Lake - schedule your private showing today!
Location
State IL
County Lake
Area Fox Lake
Zoning MULTI
Rooms
Basement None
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jennifer Webb • Hearth & Home Real Estate LLC
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Alan Berlow
REALTOR | Lic# 475125930