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Doug Anderson

doug.anderson@bluefence.com +1(847) 687-3424

$ 545,900

Est. payment -/mo

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Active Under Contract

21279 W Shorewood Road Grayslake, IL 60030

7 Beds

5.33 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

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

Zoning OTHER

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air, Steam

Fireplace N

Exterior

Exterior Feature Porch Screened, Storms/Screens

Parking Features Attached, Detached

Garage Spaces 3.0

View Y/N true

Roof Type Asphalt

Building

Lot Description Corner Lot, Irregular Lot, Wooded

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

Listed by Nikki Nielsen • Keller Williams North Shore West