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205 W State Road

Island Lake, IL 60042
  • $940,000
  • STATUS: Active Under Contract
  • ON SITE: 87 Days
  • MLS #: 11876663
Under Contract
UPDATED: 54 min ago
$940,000
  • 0
    BEDS
  • 1.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

B-1 Zoned. Current use is Multi-unit on one pin#. History of the property is that it used to be a fishing resort with an in ground swimming pool, a lodge and a concession stand. All units are leased. This is a very well maintained and cared for property and has been in the family for 45 years! It consists of three single family homes, two garages, and four one bedroom unit building. One garage has been subdivided to create storage units for the apartment and the two back home tenants. Second garage is rented out as storage. Asphalt drive and parking lot were paved last year. Agent can send you the link for the property website with interior pictures.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-01T22:58:24.953 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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205 W State Road Island Lake, IL 60042

  • Price: $940,000
  • Status: Active Under Contract
  • On Site: 87 Days
  • Updated: 54 min ago
  • MLS #: 11876663
0
Beds
0
Baths
0
½ Baths
1.6
Acres
1960
Built
Neighborhood:
Island Lake
County:
McHenry
Area:
Island Lake
Property Description
B-1 Zoned. Current use is Multi-unit on one pin#. History of the property is that it used to be a fishing resort with an in ground swimming pool, a lodge and a concession stand. All units are leased. This is a very well maintained and cared for property and has been in the family for 45 years! It consists of three single family homes, two garages, and four one bedroom unit building. One garage has been subdivided to create storage units for the apartment and the two back home tenants. Second garage is rented out as storage. Asphalt drive and parking lot were paved last year. Agent can send you the link for the property website with interior pictures.
Exterior Features

Parking Total 20

Interior Features

Heat Ventilation Forced Air

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Financing Continue To Show No - Has Seller Written Direction Current Use Multi-Family Gross Income 94260 Gross Scheduled Income 94260 Insurance Expense 0 Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 61154 Operating Expense 33106 Ownership Types Limited Partnership Possible Use Commercial Tax Year 2022 Tenant Pays Other Total Monthly Income 7855 Township Nunda Type Multi Family 5+ Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Glacier Realty, Inc.: 815-347-2090.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-01T22:58:24.953 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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