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Lakefront Multifamily Property

26198 W Spring Grove Road Antioch, IL 60002

Claim this Listing
For Sale
Under Contract
$895,000

MULTI_FAMILY - Antioch, IL

Lot size:
0.45 Acres
Added:
May 14, 2026
Days on Market:
60
Last Refresh:
Jul 12 at 2:06 am

Property Features for 26198 W Spring Grove Road

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
8
Rooms
Bedroom 14, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 10, Bedroom 6, Basement, Bathroom 7, Bathroom 2, Bedroom 1, Bedroom 11, Bedroom 8, Bathroom 6, Bedroom 9, Bathroom 8, Bathroom 5, Bedroom 12, Bedroom 13, Bathroom 1
Fireplace
1
Basement
Unfinished
Standard status
Active Under Contract
APN
01114060240000
Lot size
0.45 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
17672

Utilities

Sewer type
Septic Tank
Cooling system
Window Unit(s)
Water source
Well

Building Details

Year built
1930
Floors in Building
2
Number of units
8
Building materials
Stone, Wood, Vinyl Siding, Stucco
Roof type
Composition

Listing agent Michael Scanlon License #475188240

Listing office eXp Realty 939 W. North Ave., Chicago, IL

Listing date May 14, 2026

MLS# 12644046 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This is an 8-unit multifamily property configured with a mix of one-, two-, and three-bedroom apartments: two three-bedroom units, two two-bedroom units, and four one-bedroom units, plus a standalone brick cottage. Outside, the property includes a spacious backyard with mature trees, creating a quieter setting for residents. Tenant-paid utilities are in place, with all tenants responsible for their own electric. Tenants also contribute a set amount toward heat from November through April, while the standalone brick cottage is responsible for both heat and electric.

The asset is located on a quiet street on Channel Lake and offers direct lakefront frontage along Lake Catherine shoreline, with approximately 140 feet of shoreline. The lot size is listed at 0.45 acres.

The property is positioned for investors seeking stable in-place income and proven occupancy, with additional upside identified through below-market rents. With long-term tenancy considerations and direct waterfront value, it may appeal to buyers looking for a Chicago-area residential income asset where both cash flow and underlying land attributes can play a role. For complete financials, a rent roll, and to schedule a private showing, contact us.

Key Highlights

  • 8‑unit multifamily property with a unit mix of 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units
  • Direct lakefront setting with 140 feet of shoreline on Channel Lake / Lake Catherine
  • Built in 1930 with stone, wood, vinyl siding, and stucco construction

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Building Supply Grocery & Convenience Store Furniture & Home Goods Bakery Garden Center Big Box & Wholesale Store Electrical Service Carpet & Flooring Store Grocery & Convenience Store Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Eight-unit income property with direct lakefront frontage and tenant-paid utilities, offering a mix of unit sizes and established occupancy.
Where is this apartment building located?
The property is located at 26198 W Spring Grove Road Antioch, IL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 8‑unit multifamily property with a unit mix of 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units; Direct lakefront setting with 140 feet of shoreline on Channel Lake / Lake Catherine; Built in 1930 with stone, wood, vinyl siding, and stucco construction
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