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    50 N Lk Ave Fox Lake, IL 60020

    Sponsored
    For Sale
    Under Contract
    $549,873

    Residential Income, Cottage - Fox Lake, IL

    Lot size:
    0.24 Acres
    Days on Market:
    39
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 50 N Lk Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    05102060100000
    Parking
    4
    Exterior features
    Dock
    Dock
    1
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water front features
    Lake Front, Waterfront, Waterfront
    Water front
    1

    Building Details

    Year built
    1943
    Roof type
    Asphalt
    Architectural style
    Cottage

    Remax 10 (708) 857-1500 [email protected]

    Listing agent Thomas Domasik (708) 923-0900 License #475129362

    Listing date Nov 28, 2025

    MLS# 12429978 Listing URL

    Copyright © 2025 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

    Fox Lake Waterfront Multi-Unit Property

    This multi-unit property offers a rare opportunity to own 40 feet of prime lake frontage on Mineola Bay in Fox Lake. The property includes four separate cabins. Three cabins are currently leased, and one is vacant and ready for immediate occupancy. This property is suitable for rental income or a lakeside family compound. Boaters will appreciate the convenience of docking. Recent updates include full renovations of two front units in 2021 and 2022, plus updates to a third unit in 2014. The lot size is 0.24 acres. The zoning is MULTI. This residential income property is located in Fox Lake, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Fox Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.1755
    Latitude
    42.3951

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    FAQs

    What type of property is this?
    Quadplex - Multi-unit property with 40 feet of lake frontage.
    Where is this quadplex located?
    The property is located at 50 N Lk Ave Fox Lake, IL.
    What is the asking price?
    The asking price for this property is $549,873.
    What are key features of this property?
    This property features: - 40 feet of prime lake frontage on Mineola Bay (Fox Lake).; - Multi-unit property with four separate cabins.; - Rental income potential from three leased units.
    (708) 923-0900
    Request Owner's contact information
    50 N Lk Ave Fox Lake, IL 60020
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    Fox Lake, IL 60020
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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
    50 N Lk Ave Fox Lake, IL 60020
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