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40523 N IL Route 83

Antioch, IL 60002
  • $525,000
  • STATUS: Active
  • MLS #: 12512060
UPDATED: 41 min ago
$525,000
  • 0
    BEDS
  • 0.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1840
County:
Area:

School Ratings & Info

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T23:03:57.62 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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40523 N IL Route 83 Antioch, IL 60002

  • Price: $525,000
  • Status: Active
  • On Site: Days
  • Updated: 41 min ago
  • MLS #: 12512060
0
Beds
0
Baths
0
½ Baths
0.64
Acres
1840
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
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.
Exterior Features

Frontage Type State Road

Interior Features

Basement Details Unfinished Cooling Window Unit(s) Fireplaces Total 2 Heat Ventilation Forced AirGas Miscellaneous Inside Skylight/sLaundry Room Number Of Dishwashers 0 Number Of Dryers 3 Number Of Ranges 5 Number Of Washers 3

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4350 Built Before1978 YN Yes Current Use Multi-Family Gross Income 68100 Gross Scheduled Income 55200 Insurance Expense 2728 Location Lake FrontWater FrontWater View Maintenance Expense 0 Mls Actual Status Active Net Operating Income 30691 Operating Expense 24509 Sewer Septic Tank Tax Annual Amount 14532 Tax Year 2024 Tenant Pays Varies by Tenant Total Monthly Income 4600 Township Antioch Type Multi Family 5+ Water Source Well

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of Real Properties Realty Group, Inc.: 630-279-3547.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T23:03:57.62 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Leila Keene & Marjorie Allabastro Team | Baird & Warner
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