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Lakefront 8-Unit Apartment Building
For Sale
Contact for pricing
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 Market159

Property Features for 26198 W Spring Grove Road

General Information

Standard status Pending
Property subtype Multifamily
Zoning OTHER

Units

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

Amenities

lakefront
spacious backyard with mature trees

Building Details

Year Built 1930
Stories 2
Units 8
Listing Agency: eXp Realty, LLC
Listed By: Steven Burke · License #475195144
Source: Crexi
Added: May 14 Changed: Oct 18 Last Checked: Oct 19 at 6:07AM

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

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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

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Suggested Use

Top Pick Building Supply Grocery & Convenience Store Furniture & Home Goods Storage Facility Bakery Garden Center

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

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
(888) 574-9405 Call to check price and availability
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