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Lakefront 8-Unit Apartment Building
For Sale
$895,000
Pending

26198 W Spring Grove Road, Antioch, IL 60002

Multifamily property offering varied unit layouts, direct waterfront frontage, and a separate brick cottage.

Property SizeContact for details
Days on Market29

Property Features for 26198 W Spring Grove Road

General Information

Standard status Pending
Property subtype Commercial

Units

Unit Mix 2 x 3BR, 2 x 2BR, 4 x 1BR
Multifamily Units 8

Taxes and HOA fees

Annual Taxes $17,672

Amenities

lakefront
spacious backyard with mature trees

Building Details

Year Built 1930
Stories 2
Units 8
Listing Agency: eXp Realty
Listed By: Michael Scanlon · License #475188240
Source: Jjillrealtygroup
Added: Aug 3 Changed: Aug 29 Last Checked: Aug 29 at 7:55PM

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

Investment Insights

Based on property information with market context.

Built in 1930, this 8-unit apartment property includes a varied residential configuration: two three-bedroom units, two two-bedroom units, and four one-bedroom units. The property also includes a standalone brick cottage, creating an additional distinct residential component within the asset. Direct lakefront frontage extends along 140 feet of shoreline, while the spacious backyard features mature trees and provides outdoor space for residents.

The property is located at 26198 W Spring Grove Road in Antioch, Illinois. Utility responsibilities are structured with tenants paying their own electric service. Tenants also contribute a set amount toward heat from November through April, while the standalone cottage is responsible for both heat and electric.

Key Highlights

  • 8‑unit apartment property built in 1930
  • Unit mix includes 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units
  • Standalone brick cottage included

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Furniture & Home Goods Bakery Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby

Demographics for 60002, IL

24,086
Population
10,526
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
723
Density / Sq Mi
$109,047
Median Household Income
$55,070
Median Earnings
$1,176
Median Rent
$287,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property offering varied unit layouts, direct waterfront frontage, and a separate brick cottage.
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: 8‑unit apartment property built in 1930; Unit mix includes 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units; Standalone brick cottage included
More about this property
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