Endless possibilities await with this unique 5-acre property! The main house offers 4 bedrooms and 2 baths, providing ample living space. A second building features three separate apartments, each with 1 bedroom, 1 bath, a kitchen, and a living room-perfect for rental income or multi-generational living. Part of the land is currently being farmed, and the village has indicated a willingness to consider rezoning, adding exciting potential for development. With 588 feet of prime Route 83 frontage, this property offers excellent visibility and opportunity. The main house is currently rented on a month-to-month basis, and a billboard on the property provides additional income already in the gross income. A separate outbuilding offers additional rental income this is included in the gross income. Attached 1 car garage in the 3 unit building is currently rented included in the gross income. Property is being sold As-Is-don't miss out on this incredible investment opportunity!
MLS# | 12309841 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Year | 1900 |
Days On Site | 7 |
Listing Provided By | Keller Williams North Shore West | Nikki Nielsen |
Bed(s) | 7 |
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Bath(s) | 5 |
Garage | 3 |
Basement | Y |
Zoning | OTHER |
Acreage | 5.33 |
State | IL |
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County | Lake |
City | Grayslake |
Zip Code | 60030 |
Area | Gages Lake | Grayslake | Hainesville | Third Lake | Wildwood |
School District | Grayslake North High School |
Elementary School | Avon Center School |
Middle School | Grayslake Middle School |
High School | Grayslake North High School |
Listing VS Median (In 60030) | |
Price: $545,900 low | high Med: $315,000 On site: 7 low | high Med: 54.500000 |