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    40 S Slusser St Grayslake, IL 60030

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    For Sale
    $350,000

    Historic 3-unit building in downtown Grayslake near amenities and Metra.

    Lot size:
    0.33 Acres

    Property Features for 40 S Slusser St

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1900

    Source: Keller Williams North Shore West Agent Connie Barhorst

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Grayslake Triplex Investment Opportunity

    This historic home, located in downtown Grayslake, has been converted into a three-unit rental property. The units retain many original features, including built-ins, moldings, and doorknobs. The property includes a yard with an original stone backyard fireplace and patio. A backyard shed provides parking and storage space. The property is located near downtown Grayslake's eateries, boutiques, and coffee shops, as well as the Wednesday Farmer's Market. The public pool, library, and Metra station are also within a short distance, presenting an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.042486
    Latitude
    42.3434648

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    FAQs

    What type of property is this?
    Triplex - Historic 3-unit building in downtown Grayslake near amenities and Metra.
    Where is this triplex located?
    The property is located at 40 S Slusser St Grayslake, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime location in the heart of downtown Grayslake.; - Converted historic home offering a 3-unit rental property.; - Features original architectural details such as built-ins, moldings, and doorknobs.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 S Slusser St Grayslake, IL 60030
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