Residential Income Property with Lake
1163 N Oakwood Drive Unit 1163, Fox Lake, IL 60020
For Sale
$359,000
The two-level home includes three bedrooms, a den, three full baths, and an attached two-car garage.
Property Size1,399 SF
Price / SF$256.61
Days on Market40
Property Features for 1163 N Oakwood Drive Unit 1163
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
sunroom / 3 season room
brick paver patio
fireplace
dry bar
built-in bookcases
laundry room
solid surface counters
overhead storage system
intercom
owned water softener
in-ground sprinkler system
Building Details
Building Size
Year Built
Construction
Listing Agency:
Baird & Warner
(847) 367-1855
Listed By:
Jeanne Brown
(866) 859-1855
Source:
Payesregroup
Added: Sep 29
Changed: Nov 6
Last Checked: Nov 6 at 4:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
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Investment Insights
Based on property information with market context.
Set beside Leisure Lake in Woodland Green Subdivision, this ranch-style end-unit townhome has three bedrooms, a den, and three full baths. The main floor includes two bedrooms, two baths, a den, laundry room, and kitchen with solid-surface counters. An English/daylight lower level adds the third bedroom, a recreation room with fireplace and dry bar, a full bath, mechanical room, concrete crawl space, and storage. A sunroom and brick-paver patio provide additional lake-view areas, while fireplaces are located in both the living room and recreation room. The attached garage accommodates two cars and has an overhead storage system.
Built in 2001, the home also has an in-ground sprinkler system, intercom, and owned water softener.
Built in 2001, the home also has an in-ground sprinkler system, intercom, and owned water softener.
Key Highlights
- End‑unit townhome backs to Leisure Lake in Woodland Green Subdivision
- Three bedrooms, a den, and three full baths across two levels
- English/daylight lower level with recreation room, fireplace, dry bar, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,266
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,320
$345.3K
Cap Rate 7%
$246,657
$246.7K
Cap Rate 9%
$191,844
$191.8K
Market Conditions
NOI Build-Up for 1,399 SF
Gross rent
$33.6K $24.00/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$31.4K $22.44/SF
− OpEx
−$14.1K −$10.10/SF
NOI
$17.3K $12.34/SF
Area
Lake County, IL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,320
Cap Rate 7%
$246,657
Cap Rate 9%
$191,844
Alternative Uses
Best Use
Apartment 5plus
$246.7K
$215.8K – $287.8K
NOI $17,266 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.0K
$422.6K – $563.5K
NOI $33,811 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
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Business Placement
Demographics for 60020, IL
10,967
Population
5,523
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
2,333
Density / Sq Mi
$71,028
Median Household Income
$44,732
Median Earnings
$1,228
Median Rent
$215,700
Median Home Value
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Market
Properties on Market for Residential income properties in Lake County
Frequently Asked Questions
What type of property is this?
Residential income property - The two-level home includes three bedrooms, a den, three full baths, and an attached two-car garage.
Where is this residential income property located?
The property is located at 1163 N Oakwood Drive Unit 1163 Fox Lake, IL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: End‑unit townhome backs to Leisure Lake in Woodland Green Subdivision; Three bedrooms, a den, and three full baths across two levels; English/daylight lower level with recreation room, fireplace, dry bar, and storage
