40523 IL Route 83

An incredible opportunity for Investors or Owner-Occupants to own a fully occupied Multi-Family Rental Property in Unincorporated Lake County offering both income stability and lifestyle appeal. Set on a beautiful, wooded, and partially fenced lot with full lake rights 60 feet deep, this property combines privacy, convenience, and charm. The units include a 2-bedroom garden apartment with private walkout entrance, a spacious 3-bedroom residence, a 1-bedroom residence with a private deck, a 2-bedroom residence with deck, and a large 1-bedroom residence featuring a fireplace, skylights, and vaulted ceilings. Tenants benefit from an on-site laundry facility, with select apartments offering in-unit laundry for added comfort and convenience. Located just off Route 83, the property offers ample parking, a dog run, and a serene setting surrounded by nature. With strong, long-term tenants and the owner currently occupying one unit, this property delivers steady income, future upside, and potential to increase the below market rents. Roof shingled July 2018, Tankless water heater October 2021, Well Pump Feb 2022, Apt 4 Furnace replaced March 2022. Sold AS-IS.