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Three-Cottage Waterfront Multifamily Property
For Sale
Contact for pricing
Pending

40286 N West Shore Drive, Antioch, IL 60002

Three separate cottages support personal use or individual rental arrangements along Loon Lake.

Property SizeContact for details
Days on Market225

Property Features for 40286 N West Shore Drive

General Information

Standard status Pending
Class A
Property subtype Multifamily

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Building Details

Year Built 1940
Units 3
Listing Agency: Keller Williams Thrive
Listed By: joan couris · License #475192348
Source: Crexi
Added: Jan 17 Changed: Aug 30 Last Checked: Aug 30 at 6:28AM

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 Keller Williams Thrive

Investment Insights

Based on property information with market context.

This waterfront multifamily property comprises three separate cottages, each configured with 1 bedroom and 1 bath. The layout supports use as a shared retreat while maintaining individual cottage accommodations. An additional outbuilding provides storage, a changing area, and a privy. The improvements date to 1940.

The property fronts Loon Lake and includes parking access from both Lambert and West Shore. Annual HOA membership provides access to a communal park and shared boat pier. Loon Lake is noted for clear water and supports boating and fishing activities.

The cottages may be rented separately or together, providing flexibility for short-term rental operations or personal occupancy.

Key Highlights

  • Three cottages, each with 1 bedroom and 1 bath
  • Waterfront setting on Loon Lake
  • Additional outbuilding includes storage, changing room, and privy

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Restaurant Law Firm Nail Salon HVAC Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

80
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three separate cottages support personal use or individual rental arrangements along Loon Lake.
Where is this multifamily property located?
The property is located at 40286 N West Shore Drive Antioch, IL.
What are key features of this property?
This property features: Three cottages, each with 1 bedroom and 1 bath; Waterfront setting on Loon Lake; Additional outbuilding includes storage, changing room, and privy
(847) 802-2777 Call to check price and availability
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