Spring Grove, IL Multifamily properties for sale

$749,900

1.13 Acres

Waterfront Short-Term Rental Compound

27717 W Grass Lake Drive, Spring Grove, IL 60081

Turnkey furnished rental setup on Grass Lake with private sand beach, pier, and guest-ready amenities for flexible use.

Three fully furnished short‑term‑rental units that sleep up to 12 people
About 131' of private walk‑in sand beach on Grass Lake (Fox Chain O'Lakes) plus private pier
Approximately 1.1 acres with gazebo, firepit patio, RV/boat storage, and canoe/kayak access
Seller‑provided 2025 Airbnb total of about $60,423 (+25% YoY) for income‑producing STR use
Home offers four full baths plus a bonus room, with an arrangement for up to 5 BR / 4 BA

Updated: Jun 22

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

$579,000

0.31 Acres

Lakefront Tavern and Apartment Property

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

137-139 Arthur Avenue, Fox Lake, IL 60020

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$895,000

0.45 Acres

Lakefront Multifamily Property

Eight-unit income property with direct lakefront frontage and tenant-paid utilities, offering a mix of unit sizes and established occupancy.

26198 W Spring Grove Road, Antioch, IL 60002

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$579,000

4,400 SF

Lakefront Tavern and Rental Units

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

139 Arthur Avenue, Fox Lake, IL 60020

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$895,000

Lakefront Multifamily Investment Opportunity

Eight-unit multifamily property with lake frontage and income potential.

26198 W Spring Grove Road, Antioch, IL 60002

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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.

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0.12 Acres

Land For Sale, Lakemoor, IL

Commercial land available in Lakemoor, Illinois.

27 Oyster Bay, Lakemoor, IL 60051

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Contact for pricing

3.20 Acres

University Park Developable Land

3.2 acres with 24 concrete housing pads in University Park.

976 Mesa Court, University Park, IL 60484

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Contact for pricing

0.57 Acres

Wooded Homesite in Wheatfield, Indiana

Spacious, wooded 0.57-acre lot in established neighborhood.

4418 Oakland Court, Wheatfield, IN 46392

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$284,900

2.67 Acres

Lakefront Land Parcel For Sale

2.67-acre lakefront parcel with mobile home near Silver Lake ORV.

2605 N 34th Avenue, Mears, MI 49436

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Spring Grove, IL Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Spring Grove, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $749,900.

Sale prices for multifamily properties in Spring Grove, IL start at $749,900, averaging $749,900, and reaching up to $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.

Spring Grove, IL Multifamily Properties for Sale

27717 W Grass Lake Drive, Spring Grove, IL 60081