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$ 525,000
Est. payment /mo
Active
40523 N IL Route 83 Antioch, IL 60002
4,350 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,350 sqft
Price per Sqft $120
MLS Listing ID 12512060
Year Built 1840
Annual Tax Amount $14,532
Tax Year 2024
Lot Size 0.640 Acres
Lot Dimensions 226X120X237X120
Property Sub-Type Multi Family 5+
Property Description
An incredible opportunity for Investors or Owner-Occupants to own a fully occupied Multi-Family Rental Property in Unincorporated Lake County offering both income stability and lifestyle appeal. Set on a beautiful, wooded, and partially fenced lot with full lake rights 60 feet deep, this property combines privacy, convenience, and charm. The units include a 2-bedroom garden apartment with private walkout entrance, a spacious 3-bedroom residence, a 1-bedroom residence with a private deck, a 2-bedroom residence with deck, and a large 1-bedroom residence featuring a fireplace, skylights, and vaulted ceilings. Tenants benefit from an on-site laundry facility, with select apartments offering in-unit laundry for added comfort and convenience. Located just off Route 83, the property offers ample parking, a dog run, and a serene setting surrounded by nature. With strong, long-term tenants and the owner currently occupying one unit, this property delivers steady income, future upside, and potential to increase the below market rents. Roof shingled July 2018, Tankless water heater October 2021, Well Pump Feb 2022, Apt 4 Furnace replaced March 2022. Sold AS-IS.
Location
State IL
County Lake
Area Antioch
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplaces Number 2
Fireplace Y
Building
Dwelling Type Multi Family 5+
Sewer Septic Tank
Water Well
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Vikrant Saluja of Real Properties Realty Group, Inc.
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