Spring Grove, IL Multifamily properties for sale

Updated: Jun 22

Turnkey Short-Term Rental Waterfront Compound

27717 W Grass Lake Drive, Spring Grove, IL 60081

$749,900

1.13 AC lot

Three fully furnished short‑term‑rental units designed to sleep up to 12
About 131' of private walk‑in sand beach with pier and lake access
Private pier, gazebo, and firepit patio plus canoe and kayak access
Approximately 1.13 acres with boat‑slip and RV/boat storage
Four full baths plus a bonus room for up to 5 BR / 4 BA

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Updated: Apr 12

Five-Unit Apartment Building

38185 N State Park Rd, Spring Grove, IL 60081

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Fully leased 5‑unit building with a unit mix of two 4‑bed units, one 3‑bed, one 2‑bed, and one 1‑bed unit
Separate 3‑car garage plus a circle drive with plenty of parking
Huge basement includes a laundry room and large storage room
Tenants pay their own electric service
Currently on well & septic; public water and sewer hookups are available

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Spring Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Lakefront Tavern and Apartment Property

137-139 Arthur Avenue, Fox Lake, IL 60020

$579,000

0.31 AC lot

Vacant, lakefront mixed-use site with a former tavern and seven apartments, including piers and deck space.

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Lakefront Tavern and Rental Units

139 Arthur Avenue, Fox Lake, IL 60020

Contact for pricing

4,400 sqft

Lakefront property combining a former tavern space with seven rental units in Fox Lake.

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Lakefront Apartment Building

26198 W Spring Grove Road, Antioch, IL 60002

$895,000

0.45 AC lot

An 8-unit apartment building with direct lakefront frontage on Channel Lake, including a standalone brick cottage.

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Gen-Com Building with Two Apartments

42189 Old Lake Ave, Antioch, IL 60002

Contact for pricing

Gen-Com zoned building with two legal apartments created from former classroom spaces.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Deeded RV Recreational Lot

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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Spring Grove, IL Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Spring Grove, IL on our real estate platform.

Sale prices for multifamily properties in Spring Grove, IL average $749,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
60081	$749.9K

Neighborhood

Average Price

60081

$749.9K

Spring Grove, IL Multifamily Properties for Sale

27717 W Grass Lake Drive, Spring Grove, IL 60081

38185 N State Park Rd, Spring Grove, IL 60081