Antioch, IL 60002 40523 N IL Route 83
$587,000



57 more


























































Presented By: @properties Christie's International Real Estate
Home Details
5-Unit Multi-Family Rental Property with Full Lake Rights in Unincorporated Lake County. Discover this unique investment opportunity nestled on a large, wooded lot offering full lake rights in serene unincorporated Lake County. This 5-unit multi-family property boasts an excellent tenant retention rate, ensuring consistent income. Amenities include on-site complimentary laundry facilities, with select units featuring in-unit laundry for added convenience. The property offers a welcoming environment, with the added option of a partially fenced yard area for pets . The units include: 2-bedroom garden apartment with a walkout, Spacious 1-bedroom unit with a deck, 3-bedroom unit, 2-bedroom unit with deck and a large 1-bedroom unit with, fireplace, skylights and vaulted ceilings. This property provides significant potential for growth. Whether you are looking to add to your investment portfolio or seeking a property with development possibilities, this multi-family rental is an exceptional find. Don't miss out on the chance to own this remarkable property with full lake rights!
Presented By: @properties Christie's International Real Estate
Interior Features for 40523 N IL Route 83
Other Interior Features
BasementUnfinished
Total Fireplaces2
General for 40523 N IL Route 83
Additional Parcels Y/NNo
CityAntioch
CoolingWindow Unit(s)
CountyLake
DirectionsRoute 83 N from Grass Lake Road. Property located on Right
Electric Expense149
Fuel Expense149
Gross Income68100
Insurance Expense266
Lot Size Square Feet27852
MLS AreaAntioch
MaintenanceExpense325
Net Operating Income41466
Number Of Units Total5
Operating Expense26634
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount10158
Tax Year2023
Tenant PaysVaries by Tenant
TownshipAntioch
Trash Expense275
Water Sewer Expense0
Year Built1840
Exterior for 40523 N IL Route 83
Building Area Total4350
Frontage TypeState Road
Lot Dimensions226X120X237X120
Lot Size Acres0.64
Additional Details
Price History
