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    40501 N Elime Rd Antioch, IL 60002

    Sponsored
    For Sale
    Pending
    $190,000

    LAND - Antioch, IL

    Days on Market:
    2
    Last Refresh:
    Jan 8 at 3:06 am

    Property Features for 40501 N Elime Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    01241130240000

    Lakes Realty Group Brokerage, Inc. (847) 338-3848 [email protected]

    Listing agent Michelle Goldstein (708) 220-6233

    Listing date Jan 7, 2026

    MLS# 12524490 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.

    Overview

    Waterfront Lot in Newport Cove

    Lake Lot #5 is situated in the upscale waterfront community of Newport Cove, offering unobstructed views of Bluff Lake. As one of the few remaining larger lots, it presents walkout basement potential and the possibility of installing a built-in pool. This coastal-style development features a natural setting with 15 acres of open space, thoughtfully landscaped common areas with native plants, and a waterfront park with walking and golf cart paths. Residents can enjoy a gazebo with a grill and restroom, as well as a private marina. You can bring your own custom home builder or collaborate with Newport Cove's architects and construction team. Piers in the marina are available for rent or purchase and are equipped with water and electric. Single piers are reserved for waterfront homeowners, offering the opportunity to embrace lake living in a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Storage Facility HVAC Service Bar & Pub Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.135532
    Latitude
    42.451949

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    FAQs

    What type of property is this?
    Land - Lake lot with walkout potential in upscale waterfront community.
    Where is this land located?
    The property is located at 40501 N Elime Rd Antioch, IL.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Unobstructed views of Bluff Lake in an upscale waterfront community.; - Rare larger lot with walkout basement potential and ability to install a built-in pool.; - Private marina for residents only, with piers available for rent or purchase (equipped with water & electric).
    (708) 220-6233
    Request Owner's contact information
    40501 N Elime Rd Antioch, IL 60002
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    Antioch, IL 60002
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    Realmo Value Estimation

    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.

    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.

    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
    40501 N Elime Rd Antioch, IL 60002
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