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$549,873

Est. payment - /mo

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7 Beds

12 Baths

10,454 Sqft Lot

Active

50 N Lake AVE Fox Lake, IL 60020

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12429978

Style Cottage

Bedrooms 7

Year Built 1943

Annual Tax Amount $13,294

Tax Year 2023

Lot Size 10,454 Sqft

Lot Dimensions 40X250

Property Sub-Type Two to Four Units

Property Description

Rare opportunity to own 40 feet of prime lake frontage on beautiful Mineola Bay in Fox Lake! This multi-unit property includes four separate cabins-three are currently leased, and one is vacant and ready for immediate occupancy. Whether you're looking for rental income to help offset costs or dreaming of a lakeside family compound where everyone has their own private space, this property delivers. Boaters will love the convenience of docking right outside-no need to trailer your boat home. Recent updates throughout, including full renovations of two front units in 2021 and 2022, plus updates to a third unit in 2014. Properties like this are few and far between on the Chain of Lakes-come take a look and explore the possibilities!

Location

State IL

County Lake

Area Fox Lake

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Exterior Feature Dock

Community Features Dock, Water Rights, Sidewalks, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Aluminum Siding,Vinyl Siding,Steel Siding, No

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding,Vinyl Siding,Steel Siding

New Construction false

Schools

Elementary Schools Stanton School

High Schools Grant Community High School

School District 114 , 114, 124

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Thomas Domasik of RE/MAX 10 in the Park

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106