26198 W Spring Grove Road Antioch, IL 60002

Building Details

Year Built

1930

Listing office eXp Realty, LLC

Listing date May 14, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This eight-unit multifamily property on Channel Lake provides stable income and occupancy, with potential for increased value through below-market rents and lakefront access. Located on a quiet street with 140 feet of Lake Catherine shoreline, the property offers long-term tenancy and potential for rent growth. The unit mix includes two three-bedroom units, two two-bedroom units, and four one-bedroom units, as well as a standalone brick cottage. A spacious backyard with mature trees provides a setting for residents. Additional income is generated from pier space available to tenants from May through September for $55 per month. Tenants pay for their own electric. Tenants contribute a set amount toward heat from November through April; the standalone brick cottage is responsible for both heat and electric. This lakefront multifamily asset combines cash flow, tenant retention, and appreciation potential in Antioch.

Key Highlights

• Direct lakefront property: Irreplaceable 140 feet of Lake Catherine shoreline.
• Strong income potential: Stable in‑place income with below‑market rents offering significant upside.
• Proven occupancy: Long‑term tenancy indicates consistent demand and tenant retention.

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FAQs

What type of property is this?

Apartment building - Eight-unit multifamily property with lake frontage and income potential.

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: Direct lakefront property: **Irreplaceable 140 feet of Lake Catherine shoreline.**; Strong income potential: Stable in‑place income with below‑market rents offering significant upside.; Proven occupancy: Long‑term tenancy indicates consistent demand and tenant retention.