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Lake Villa, IL Residential Income Properties for Sale

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Lake Villa Commercial Opportunity
$289,000
0.39 Acres

Lake Villa Commercial Opportunity

211 W Grass Lake Rd, Lake Villa, IL 60046

Restaurant/bar with apartment and multiple income streams for sale.

  • Multiple income streams from restaurant/bar business.
  • Recently remodeled apartment provides rental income or owner occupancy.
  • Large, popular bar with video gaming, pool table, darts, ATMs, and TouchTunes.
  • Updated basement with new keg cooler room.
  • Large patio and ample parking.
Updated: Sep 1, 2025
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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Villa, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

Waterfront Cottages on Loon Lake
$299,000
0.19 Acres

Waterfront Cottages on Loon Lake

Rare waterfront property with three cottages and income potential.

40286 West Shore Dr, Antioch, IL 60002
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Antioch Multifamily Investment Opportunity
$900,000

Antioch Multifamily Investment Opportunity

Six-unit brick building with updated features and long-term tenants.

431 Filweber Ct, Antioch, IL 60002
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Grayslake Office Condo - Prime Location
$299,900
2,734 SF

Grayslake Office Condo - Prime Location

Turn-key office condo, Route 120 visibility.

4 Deer Point Rd, Grayslake, IL 60030
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Historic Grayslake Triplex Investment Opportunity
$350,000

Historic Grayslake Triplex Investment Opportunity

Historic 3-unit building in downtown Grayslake near amenities and Metra.

40 S Slusser St, Grayslake, IL 60030
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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.

Lake Villa Buildable Lot
$75,000
0.39 Acres

Lake Villa Buildable Lot

Buildable lot with lake access via homeowner's association.

21696 W Willow St, Lake Villa, IL 60046
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Spacious Corner Lot in Lake Villa
$59,900
0.34 Acres

Spacious Corner Lot in Lake Villa

0.341-acre corner lot in Venetian Village, Lake Villa, IL

21290 W Engle Dr, Lake Villa, IL 60046
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Lake Villa, IL Residential Income Properties Investment Opportunities Market Analysis

Explore 1 residential income properties for sale in Lake Villa, IL on our real estate platform. These investment opportunities span a total of 16,988 square feet of properties for sale, with an estimated market value of $289,000.

Prices for residential income properties in Lake Villa, IL start at $289,000, averaging $289,000, and reaching up to $289,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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