REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 865,000

Est. payment -/mo

Save

Price Dropped by $30K

26198 W Spring Grove RD Antioch, IL 60002

0.45 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12711070

Maintenance Fees $957

Year Built 1930

Annual Tax Amount $17,672

Tax Year 2025

Lot Size 0.450 Acres

Lot Dimensions 140X187X74X188

Property Sub-Type Multi Family 5+

Property Description

This exceptional 8-unit multifamily property on Channel Lake offers stable in-place income, proven occupancy, and significant embedded upside through below-market rents and irreplaceable direct lakefront frontage. Situated on a quiet street with 140 feet of Lake Catherine shoreline, the asset provides long-term tenancy, conservative rent growth potential, and an attractive basis relative to both current cash flow and the underlying waterfront land value. The property features a thoughtfully configured mix of units: 2 Three-Bedroom units, 2 Two-Bedroom units, 4 One-Bedroom units, including a charming standalone brick cottage A spacious backyard with mature trees creates a serene, picturesque setting for residents to enjoy. Tenant-Paid Utilities, all tenants are responsible for their own electric. Tenants contribute a set amount toward heat from November through April (the standalone brick cottage is responsible for both heat and electric). This rare lakefront multifamily asset combines reliable cash flow, strong tenant retention, and substantial future appreciation potential in one of Antioch's most desirable waterfront locations. Whether for an investor seeking portfolio stability or growth, this property represents a compelling opportunity in the Chicago-area market. Ideal for serious investors, contact us today for complete financials, rent roll, and a private showing.

Location

State IL

County Lake

Area Antioch

Zoning OTHER

Rooms

Basement Unfinished

Interior

Cooling Window Unit(s)

Fireplaces Number 1

Fireplace Y

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Sewer Septic Tank

Water Well

Structure Type Stone,Wood,Vinyl Siding,Stucco

Listed by Michael Scanlon of eXp Realty

Nearby School & Business

AFFORDABILITY CALCULATOR

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.

You can afford a home up to: $0

Your debt-to-income ratio is 36%
Quite affordable.

View Affordable Properties

Payment Breakdown：

$0 Month

Get more info from a local expert!

MY BLOGS

Vacant Land Scams are REAL

About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow

less is more, unless, it’s for less.

I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL 60005, USA