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    Island Lake, IL
    Residential Income

    Island Lake, IL Residential Income Properties for Sale

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    Mchenry, IL Crystal Lake, IL Holiday Hills, IL Wauconda, IL Port Barrington, IL Prairie Grove, IL Volo, IL Lakemoor, IL
    Gas Station with Apartments
    Updated: Apr 12
    Gas Station with Apartments

    307 E State Rd, Island Lake, IL 60042

    Contact for pricing
    Gas station property with four apartments
    All 4 apartments are currently leased
    Tire shop rents space on the property
    Access to two streets
    Located at 307 E State Rd, Island Lake, IL 60042
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    Rebuilt Duplex with Guest House
    Updated: Apr 12
    Rebuilt Duplex with Guest House

    27605 N Beech St, Island Lake, IL 60042

    Contact for pricing
    Main residence offers 3 bedrooms and 2 full bathrooms
    Separate guest house includes 1 bedroom and 1 full bathroom
    Rebuilt interior with updated bathrooms, flooring, fixtures, and hardware
    Eat‑in kitchen with stainless steel appliances, breakfast bar, and white shaker cabinets
    One‑car attached garage and private patio
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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 Island Lake, 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.

    Two-Parcel Industrial Land Site
    Two-Parcel Industrial Land Site

    1519 S IL Route 31, Mchenry, IL 60050

    $495,000
    1.20 AC lot

    Industrial-zoned two-parcel site totaling 1.2 acres with an existing residence and barn/garage improvements.

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    Residential Income Triplex
    Residential Income Triplex

    330 Park Avenue, Cary, IL 60013

    $425,000

    Income-producing property with three units across two detached buildings, including private garages for the second building’s units.

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    Downtown Development Land Portfolio
    Downtown Development Land Portfolio

    104 High Rd, Cary, IL 60013

    Contact for pricing
    35,551 sqft

    Portfolio includes multiple adjacent parcels with a double lot, a revenue parking lot, and an occupied 4-unit building.

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    Duplex with 3-Car Garage
    Duplex with 3-Car Garage

    2623 W Emerald Ct, Mchenry, IL 60051

    Contact for pricing

    Two residences on a large landscaped lot with a privacy fence, each with its own well and septic system.

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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.

    Wauconda Land Near Slocum Lake
    Wauconda Land Near Slocum Lake

    28331 W Main Street, Wauconda, IL 60084

    $105,000
    0.77 AC lot

    Six contiguous lots near Slocum and Bangs Lakes.

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    Vacant Lot with Water View
    Vacant Lot with Water View

    138 Eastwood Avenue, Port Barrington, IL 60010

    $149,000

    Vacant lot ready for building with Fox River channel view.

    View details
    Bang's Lake Waterfront Lot
    Bang's Lake Waterfront Lot

    818 Sheridan Drive, Wauconda, IL 60084

    $59,000
    0.12 AC lot

    Buildable waterfront lot with lake access for year-round enjoyment.

    View details
    Residential Land in Timberhills
    Residential Land in Timberhills

    4353 Carlisle Drive, Crystal Lake, IL 60012

    $125,000
    1.02 AC lot

    Residential land for sale in Crystal Lake, Illinois.

    View details

    Island Lake, IL Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Island Lake, IL on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Duplexes 1
    Quadplexes 1

    Demographics Overview

    Population 8,630
    Population Growth (5Y) +2.5%
    Median Household Income $94,613
    College Educated 34.3%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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