End-Unit Residential Income
For Sale
$174,999
7108 Balboa Lane, Fox Lake, IL 60020
This gated-community townhome includes an attached garage, private outdoor space, and access to shared recreation amenities.
Property Size791 SF
Price / SF$221.24
Days on Market31
Property Features for 7108 Balboa Lane
General Information
Standard status
Active
Size
791 SF
Total Parking Spaces
2
Property subtype
1/2 Duplex,Condo,Ground Level Ranch
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,987
Amenities
gated community
clubhouse
billiards room
workout facility
bingo and dancing space
swimming pool
stocked pond
private 9-hole golf course
pickleball courts
tennis courts
bocce ball courts
shuffleboard courts
basketball courts
Building Details
Building Size
791 SF
Year Built
1978
Construction
ranch
Listing Agency:
Lakes Realty Group
(224) 426-7323
Listed By:
Stephanie Liscomb · License #475195347
(847) 338-3848
Source:
Payesregroup
Added: Oct 2
Changed: Oct 30
Last Checked: Oct 30 at 2:23PM
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 Lakes Realty Group
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Investment Insights
Based on property information with market context.
The 791-square-foot end-unit ranch townhome has one bedroom and one bathroom, an open living and kitchen area, and an attached one-car garage with attic storage. Custom blinds are installed throughout, and the bathroom includes a built-in shower bench. Central air conditioning was installed in 2024. A kitchen exit leads to private backyard space, and the driveway accommodates a second car.
The home is in the gated, 55+ Leisure Village of Fox Lake, a community with a clubhouse, swimming pool, stocked fishing pond, and private 9-hole golf course. Shared recreation facilities include billiards, workout space, pickleball, tennis, bocce ball, shuffleboard, and basketball courts.
The home is in the gated, 55+ Leisure Village of Fox Lake, a community with a clubhouse, swimming pool, stocked fishing pond, and private 9-hole golf course. Shared recreation facilities include billiards, workout space, pickleball, tennis, bocce ball, shuffleboard, and basketball courts.
Key Highlights
- 791‑square‑foot end‑unit ranch townhome with one bedroom and one bathroom
- Attached one‑car garage with attic storage; driveway has room for a second car
- Central A/C installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,763
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,260
$195.3K
Cap Rate 7%
$139,471
$139.5K
Cap Rate 9%
$108,478
$108.5K
Market Conditions
NOI Build-Up for 791 SF
Gross rent
$19.0K $24.00/SF
− Vacancy
−$1.2K −$1.56/SF
EGI
$17.8K $22.44/SF
− OpEx
−$8.0K −$10.10/SF
NOI
$9.8K $12.34/SF
Area
Lake County, IL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,260
Cap Rate 7%
$139,471
Cap Rate 9%
$108,478
Alternative Uses
Best Use
Apartment 5plus
$139.5K
$122.0K – $162.7K
NOI $9,763 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.1K
$239.0K – $318.6K
NOI $19,117 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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Business Placement
Demographics for 60020, IL
10,967
Population
5,523
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
2,333
Density / Sq Mi
$71,028
Median Household Income
$44,732
Median Earnings
$1,228
Median Rent
$215,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - This gated-community townhome includes an attached garage, private outdoor space, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 7108 Balboa Lane Fox Lake, IL.
What is the asking price?
The asking price for this property is $174,999.
What are key features of this property?
This property features: 791‑square‑foot end‑unit ranch townhome with one bedroom and one bathroom; Attached one‑car garage with attic storage; driveway has room for a second car; Central A/C installed in 2024
