26198 W Spring Grove Road, Antioch, IL

$865,000

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0.45

Acres

About 26198 W Spring Grove Road

This exceptional 8-unit multifamily property on Channel Lake offers stable in-place income, proven occupancy, and significant embedded upside through below-market rents and irreplaceable direct lakefront frontage. Situated on a quiet street with 140 feet of Lake Catherine shoreline, the asset provides long-term tenancy, conservative rent growth potential, and an attractive basis relative to both current cash flow and the underlying waterfront land value. The property features a thoughtfully configured mix of units: 2 Three-Bedroom units, 2 Two-Bedroom units, 4 One-Bedroom units, including a charming standalone brick cottage A spacious backyard with mature trees creates a serene, picturesque setting for residents to enjoy. Tenant-Paid Utilities, all tenants are responsible for their own electric. Tenants contribute a set amount toward heat from November through April (the standalone brick cottage is responsible for both heat and electric). This rare lakefront multifamily asset combines reliable cash flow, strong tenant retention, and substantial future appreciation potential in one of Antioch's most desirable waterfront locations. Whether for an investor seeking portfolio stability or growth, this property represents a compelling opportunity in the Chicago-area market. Ideal for serious investors, contact us today for complete financials, rent roll, and a private showing.

Features of 26198 W Spring Grove Road

MLS® # 12711070
Price $865,000
Bathrooms 0.00
Acres 0.45
Year Built 1930
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 26198 W Spring Grove Road
Area Antioch
City Antioch
County Lake
State IL
Zip Code 60002

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace Yes
# of Fireplaces 1
Has Basement Yes
Basement Unfinished

Exterior

Exterior Stone, Wood, Vinyl Siding, Stucco
Roof Composition
Foundation Block

Additional Information

Days on Market 50
Zoning OTHER
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

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