Fully Occupied Multi-Family
40523 N IL Route 83, Antioch, IL 60002
Multi-family rental property with lake rights and income potential.
Type:Multifamily
- Added:
- Nov 24, 2025
- Days on Market:
- 173
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 40523 N IL Route 83
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1840
Listing agent Vikrant Saluja
Listing office Real Properties Realty Group, Inc.
Listing date Nov 24, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Real Properties Realty Group, Inc.
HighLights
- Fully occupied multi‑family property in Unincorporated Lake County offering income and lifestyle appeal.
- Full lake rights with a wooded, partially fenced lot.
- Multiple units: 2‑bedroom garden apartment, spacious 3‑bedroom, 1‑bedroom with private deck, 2‑bedroom with deck, and a large 1‑bedroom with fireplace, skylights, and vaulted ceilings.
- On‑site laundry facility and select apartments with in‑unit laundry.
- Ample parking, dog run, and serene setting surrounded by nature.
- Strong, long‑term tenants with potential to increase below‑market rents.
Overview
This fully occupied multi-family rental property presents an opportunity for investors or owner-occupants. Situated in unincorporated Lake County, the property offers both income stability and lifestyle appeal. The property is set on a wooded and partially fenced lot with full lake rights to a lake that is 60 feet deep. The units include a 2-bedroom garden apartment with a private walkout entrance, a spacious 3-bedroom residence, a 1-bedroom residence with a private deck, a 2-bedroom residence with a deck, and a large 1-bedroom residence featuring a fireplace, skylights, and vaulted ceilings. Tenants have access to an on-site laundry facility, and select apartments offer in-unit laundry. Located just off Route 83, the property provides ample parking, a dog run, and a serene setting surrounded by nature. The property has strong, long-term tenants, with the owner currently occupying one unit. This property delivers steady income and potential to increase rents. The roof was shingled in July 2018, a tankless water heater was installed in October 2021, the well pump was replaced in February 2022, and the furnace in Apt 4 was replaced in March 2022. The property is being sold AS-IS.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Lake
- State
- Illinois
- Longitude
- -88.090758
- Latitude
- 42.452836
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multi-family rental property with lake rights and income potential.
Where is this apartment building located?
The property is located at 40523 N IL Route 83 Antioch, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully occupied multi‑family property in Unincorporated Lake County offering income and lifestyle appeal.; Full lake rights with a wooded, partially fenced lot.; Multiple units: **2‑bedroom garden apartment, spacious 3‑bedroom, 1‑bedroom with private deck, 2‑bedroom with deck, and a large 1‑bedroom with fireplace, skylights, and vaulted ceilings.**
