Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40286 N West Shore Drive Antioch, IL 60002

    View on Map
    For Sale
    Under Contract
    $299,000

    MULTI_FAMILY - Cottage - Antioch, IL

    Lot size:
    0.19 Acres
    Added:
    Jan 17, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 40286 N West Shore Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1
    Parking
    2
    Standard status
    Active Under Contract
    APN
    02204020170000
    Lot size
    0.19 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    3185

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air, Electric (Heating)
    Water source
    Well
    Water front
    1

    Building Details

    Year built
    1940
    Building materials
    Frame
    Architectural style
    Cottage

    We can help!

    Listing Contact
    Joan Couris
    Joan Couris

    Listing agent Joan Couris License #475155965

    Listing office Keller Williams Thrive 44 South Vail Ave., Ste 203, Palatine, IL

    Listing date Jan 17, 2026

    MLS# 12525537

    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.

    Overview

    Cottage in Antioch, Illinois

    A cottage property is available for sale in Antioch, Illinois. The lot size is approximately 0.19 acres. The property is located in Lake County, with a postal code of 60002.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.08943
    Latitude
    42.448775

    Nearby Similar for Sale

    • $1,499,000

      Antioch Food Production Facility

      Refrigerated food production building between Chicago and Milwaukee.
      947 Carney Court, Antioch, IL 60002
      View Details
    • $950,000

      Antioch Commercial Property For Sale

      Commercial property in Antioch, Illinois, with income from existing tenants.
      41412 N Il Route 83, Antioch, IL 60002
      View Details
    • $599,900

      Commercial Office Space with Parking

      Commercial office space with parking in Antioch, Illinois.
      505 Orchard Street, Antioch, IL 60002
      View Details
    • $950,000

      Value-Add Commercial Property For Sale

      Commercial property with income and potential for user/investor.
      41412 N Il Route 83, Antioch, IL 60002
      View Details
    • $375,000

      Leased Building in Downtown Antioch

      Fully leased building on a large lot in downtown.
      957 Victoria Street, Antioch, IL 60002
      View Details
    • Contact for pricing
      2,800 SF

      Antioch Flex Space For Sale

      2800 SF flex unit near downtown Antioch.
      937 Carney Court #10, Antioch, IL 60002
      View Details
    • Contact for pricing
      39,825 SF

      Antioch Industrial Building Available

      39,825 SF industrial building with office space for lease.
      905 Anita Ave, Antioch, IL
      View Details
    • $525,000

      Fully Occupied Multi-Family Property

      Multi-family rental property with lake rights and income potential.
      40523 N IL Route 83, Antioch, IL 60002
      View Details
    • $1,499,000
      18,900 SF

      Refrigerated Food Production Facility

      FDA approved, NSF, SQF & Kosher certified food production building.
      947 Carney Ct, Antioch, IL 60002
      View Details

    FAQs

    What type of property is this?
    Specialty property - Cottage property for sale in Antioch, Illinois.
    Where is this specialty property located?
    The property is located at 40286 N West Shore Drive Antioch, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Cottage architectural style offers unique charm.; Three bedrooms and three bathrooms provide ample space.; Heating options include natural gas, forced air, and electric.
    (847) 241-2200
    We can help!
    Listing Contact
    Joan Couris
    Joan Couris
    Real Estate License ID: 475155965
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!