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Lakefront Apartment Building

26198 W Spring Grove Road, Antioch, IL 60002

For Sale
$865,000
Under Contract

Commercial Sale, Antioch, IL

Property SizeContact for details
Lot Size0.45 Acres
Days on Market109

Property Features for 26198 W Spring Grove Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 14
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 4, Bathroom 7, Bathroom 6, Bedroom 9, Bedroom 11, Bedroom 8, Bedroom 10, Bedroom 3, Bathroom 8, Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 13, Bedroom 1, Basement, Bedroom 12, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 14
Fireplace 1
Basement Unfinished
Directions 173 and 59 West to Maple, Right to Spring Grove Rd, Left to property (no sign on property)
Subdivision Antioch
Standard status Active Under Contract
APN 01114060240000
Lot size 0.45 Acres

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Individually Metered Utilities electricity

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17672

Utilities

Sewer type Septic Tank
Cooling system Window Unit(s)
Water source Well

Amenities

lakefront
spacious backyard

Building Details

Year built 1930
Floors in Building 2
Number of units 8
Building materials Stone, Wood, Vinyl Siding, Stucco
Roof type Composition
Listing Agency: eXp Realty
Listed By: Michael Scanlon · License #475188240
Added: Jul 21 Changed: Oct 25 Last Checked: Nov 6 at 9:06PM
MLS# 12711070

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.

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Investment Insights

Based on property information with market context.

Built in 1930, this eight-unit apartment property occupies 0.45 acres and includes a mix of two three-bedroom units, two two-bedroom units, and four one-bedroom units. One of the one-bedroom residences is a separate brick cottage. The buildings feature stone, wood, vinyl siding, and stucco construction, along with window-unit cooling, a composition roof, and a fireplace. Residents have access to a spacious rear yard and 140 feet of direct shoreline along the lake.

The property is located in Antioch, Illinois, on W Spring Grove Road. It is served by a well and septic tank. Electric service is paid by tenants, while tenants also contribute toward heat from November through April; the detached cottage is responsible for both heat and electric. The unit variety and separate cottage provide a diversified multifamily configuration within a waterfront setting.

Key Highlights

  • Eight‑unit apartment property on 0.45 acres
  • Unit mix includes 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units
  • Detached brick cottage included among the four one‑bedroom residences

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
Yes
Paved road access
Yes
Utilities to site

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 - Eight-unit multifamily property with varied layouts, a detached brick cottage, and direct shoreline access.
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 $865,000.
What are key features of this property?
This property features: Eight‑unit apartment property on 0.45 acres; Unit mix includes 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units; Detached brick cottage included among the four one‑bedroom residences
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