Residential Development Land
For Sale
$1,800,000
406 Monaville Road, Lake Villa, IL 60046
28.5 acres of residential-zoned land in Lake Villa, Illinois, positioned for a range of development concepts.
Property SizeContact for details
Lot Size28.50 Acres
Days on Market92
Property Features for 406 Monaville Road
General Information
Standard status
Active
Lot size
28.50 Acres
Property subtype
Land or Vacant Lot
Zoning
residential
Taxes and HOA fees
Annual Taxes
$1,987
Listing Agency:
ELLSBURY GROUP LLC
(219) 200-5133
Listed By:
BILAL HUSSAIN · License #IL475.193711
Source:
Corcoran
Added: May 18
Changed: Aug 8
Last Checked: May 26 at 9:21AM
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 ELLSBURY GROUP LLC
Investment Insights
Based on property information with market context.
An approximately 28.5-acre residential land parcel in Lake Villa is available for development. The property has previously been under contract with a large developer who obtained village approvals for a plan featuring 70–80 two-story townhomes.
Current zoning is residential, and the city indicates it is willing to work with the next developer. The remarks also indicate that rezoning can be pursued to support the buyer’s specific concept.
Development mockups are referenced for multiple directions, including multi-family options and a 100+ assisted living project, along with townhomes. Interested parties should review the available materials and confirm zoning and approval pathways for their intended use.
Current zoning is residential, and the city indicates it is willing to work with the next developer. The remarks also indicate that rezoning can be pursued to support the buyer’s specific concept.
Development mockups are referenced for multiple directions, including multi-family options and a 100+ assisted living project, along with townhomes. Interested parties should review the available materials and confirm zoning and approval pathways for their intended use.
Key Highlights
- 28.5‑acre residential‑zoned land in Lake Villa, IL, positioned for development planning.
- Previously had village approvals for 70–80 two‑story townhomes under a prior large developer contract.
- City is willing to work with the next developer to move the project forward.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 60046, IL
34,690
Population
12,544
Households
2.8
Avg Household Size
41
Median Age
42%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
1,508
Density / Sq Mi
$122,376
Median Household Income
$58,297
Median Earnings
$1,645
Median Rent
$282,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 28.5 acres of residential-zoned land in Lake Villa, Illinois, positioned for a range of development concepts.
Where is this residential land & home lot located?
The property is located at 406 Monaville Road Lake Villa, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 28.5‑acre residential‑zoned land in Lake Villa, IL, positioned for development planning.; Previously had village approvals for 70–80 two‑story townhomes under a prior large developer contract.; City is willing to work with the next developer to move the project forward.
