Grayslake, IL 60030 11 S Lake Street

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Presented By: Compass
  • MLS# 12465928
  • 09/17/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • Garage • 2

Home Details

Investment Opportunity in the Heart of Downtown Grayslake! Don't miss this rare 2-unit property in highly desirable downtown Grayslake-steps from dining, shopping, community events, and nightlife! Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers unmatched versatility. The main floor has been tastefully remodeled and features 1 spacious bedroom, a full bathroom with a shower, and convenient in-unit laundry. Perfect for a long-term tenant, an Airbnb option, or owner-occupancy. The second-floor unit is currently operating as a highly successful Airbnb. It offers a flexible floor plan with a kitchenette and a remodeled bathroom, giving guests a comfortable and modern experience. Property highlights include: New roof on the back of the house; main roof in great shape Updated HVAC system Separate gas and electric meters (can be converted to 2 gas meters) Newer electrical service and updated plumbing to the sidewalk Detached 1-car garage Basement with mechanicals and storage Fenced-in backyard with a brick paver patio-perfect for entertaining Enjoy front-row seats to parades, festivals, and all that downtown Grayslake has to offer. This is a truly unique opportunity to own a prime piece of real estate in a vibrant community. ****CLICK VIRTUAL TOUR TO VIEW THE AIR BNB****
Presented By: Compass

Interior Features for 11 S Lake Street

Bedrooms

Bedrooms Possible4
Total Bedrooms4

Bathrooms

Full Baths Building2
Half Baths Building
Total Baths2

Other Interior Features

BasementUnfinished, Full
Total Number of Units2

General for 11 S Lake Street

Additional Parcels Y/NNo
Architectural StyleOther
CityGrayslake
Community FeaturesPark, Pool, Lake, Sidewalks, Street Lights, Street Paved
Construction MaterialsCedar
CountyLake
DirectionsRt 120 to Lake St
Elementary School District46
Garage Spaces2
HeatingNatural Gas, Forced Air
High School District127
MLS AreaGages Lake / Grayslake / Hainesville / Third Lake
Middle/Junior School District46
ModificationTimestamp2025-09-24T05:07:16.856Z
New ConstructionNo
OwnershipFee Simple
PossessionNegotiable
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount13039
Tax Year2024
Total Rooms7
TownshipAvon
Virtual TourClick here
Year Built1910

Exterior for 11 S Lake Street

Foundation DetailsOther
Lot Dimensions75 X 150
Lot FeaturesCorner Lot
Other EquipmentCO Detectors, Ceiling Fan(s), Sump Pump
Parking FeaturesOn Site, Garage Owned, Detached, Garage
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $750,000
MLS#12465928
List Date 09/17/2025
Property Type Multi-Family
Phone 847.485.2500
Request Tour
Request Info
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