21279 W Shorewood RD new Save Request In-Person Tour Request Virtual Tour
Grayslake,IL 60030
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12309841
Bedrooms 7
Year Built 1900
Annual Tax Amount $15,588
Tax Year 2022
Lot Size 5.330 Acres
Lot Dimensions 588X300X403X153X237X28
Property Sub-Type Two to Four Units
Property Description
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!
Location
State IL
County Lake
Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Zoning OTHER
Rooms
Basement Full
Interior
Heating Natural Gas,Forced Air,Steam
Equipment Ceiling Fan(s),Sump Pump
Fireplace N
Exterior
Exterior Feature Porch Screened,Storms/Screens
Parking Features Attached,Detached
Garage Spaces 3.0
Roof Type Asphalt
Building
Lot Description Corner Lot,Irregular Lot,Wooded
Dwelling Type Two to Four Units
Sewer Septic-Private
Water Well
New Construction false
Schools
Elementary Schools Avon Center School
Middle Schools Grayslake Middle School
High Schools Grayslake North High School
School District 46 ,46, 127
Others
Ownership Fee Simple
Special Listing Condition None