40523 N IL Route 83, Antioch, IL

$525,000

Overview

  • 543574
  • Property ID
  • Updated On:
  • April 27, 2026
  • 1 ft2
  • Property Lot Size

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.

Climate Control
Air Conditioning
Other Features
Septic Tank
Varies by Tenant
Well
Window Unit(s)

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$2,691.78
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 2,035.53

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Information for the property at 40523 N IL Route 83, Antioch, IL, 60002 (Property ID: 543574) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi