Lakefront Multifamily Investment
26198 W Spring Grove Road, Antioch, IL 60002
New
- Added:
- May 14, 2026
- Days on Market:
- 3
- Last Refresh:
- May 16 at 7:06 pm
Property Features for 26198 W Spring Grove Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Bathrooms
- 8
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 6, Bedroom 14, Bathroom 7, Bedroom 11, Bedroom 7, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 12, Bedroom 8, Basement, Bedroom 13, Bedroom 2, Bathroom 8, Bedroom 10, Bedroom 9, Bedroom 3
- Fireplace
- 1
- Basement
- Unfinished
- Standard status
- Active
- APN
- 01114060240000
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17672
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Stone, Wood, Vinyl Siding, Stucco
- Roof type
- Composition
Listing agent Michael Scanlon License #475188240 (888) 574-9405
Listing office eXp Realty 939 W. North Ave., Chicago, IL (888) 574-9405
Listing date May 14, 2026
MLS# 12644046
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Direct lakefront property with 140 feet of Lake Catherine shoreline.
- Stable in‑place income and proven occupancy.
- Significant upside potential through below‑market rents.
- Mix of unit types: 2 Three‑Bedroom, 2 Two‑Bedroom, and 4 One‑Bedroom units, including a standalone brick cottage.
- Additional income from pier space rentals.
- Tenant‑paid utilities (electric) and contributions toward heat.
Overview
This 8-unit multifamily property is located on Channel Lake and offers in-place income and potential for increased value through below-market rents and lakefront frontage. Situated on a quiet street with 140 feet of Lake Catherine shoreline, the property has long-term tenancy and rent growth potential. The unit mix includes 2 three-bedroom units, 2 two-bedroom units, and 4 one-bedroom units, as well as a standalone brick cottage. The property also features a spacious backyard with mature trees. Additional income opportunities include pier space available to tenants from May through September for $55 per month. Tenants are responsible for their own electric utilities and contribute a set amount toward heat from November through April; the standalone brick cottage is responsible for both heat and electric. The property is located in Antioch, IL, on a 0.45-acre lot. This lakefront multifamily asset combines cash flow, tenant retention, and appreciation potential in a waterfront location. It is suited for investors seeking portfolio stability or growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Waterfront Land
Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Lake
- State
- Illinois
- Longitude
- -88.144324
- Latitude
- 42.475158
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 8-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 with **140 feet of Lake Catherine shoreline.**; Stable in‑place income and proven occupancy.; Significant upside potential through below‑market rents.
