Lakefront Multifamily Investment
26198 W Spring Grove Road, Antioch, IL 60002
Eight-unit multifamily property with lake frontage and income potential.
Type:Multifamily
- Added:
- May 14, 2026
- Days on Market:
- 16
- Last Refresh:
- May 16 at 8:49 pm
Property Features for 26198 W Spring Grove Road
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing agent Steven Burke License #475195144
Listing office eXp Realty, LLC
Listing date May 14, 2026
Source Crexi
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 eXp Realty, LLC
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.
- Thoughtfully configured mix of 2 Three‑Bedroom, 2 Two‑Bedroom, and 4 One‑Bedroom units, including a standalone brick cottage.
- Additional income streams: Pier space rentals available to tenants from May‑September.
- Tenant‑paid utilities: Tenants responsible for electric, contributing to heat costs.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Lake
- State
- Illinois
- Longitude
- -88.1442226
- Latitude
- 42.4751513
Nearby Similar for Sale
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.
