11 South Lake Street, Grayslake, IL

$700,000

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4

Beds

2

Baths

About 11 South Lake Street

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****

Features of 11 South Lake Street

MLS® # 12465928
Price $700,000
Bedrooms 4
Bathrooms 2.00
Acres 0.00
Year Built 1910
Type Residential Income
Sub-Type Two to Four Units
Style Other
Status Price Change

Community Information

Address 11 South Lake Street
Area Gages Lake / Grayslake / Hainesville / Third Lake
City Grayslake
County Lake
State IL
Zip Code 60030

Amenities

Parking Spaces 2
Parking On Site, Garage Owned, Detached, Garage
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Unfinished, Full

Exterior

Exterior Cedar
Lot Description Corner Lot
Roof Asphalt
Foundation Other

School Information

District 127

Additional Information

Days on Market 36
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass
Contact Info224-540-3971

Listing Map

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