Corcoran Urban Real Estate
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3 Properties Within 0.5 miles of: 11 S Lake, Grayslake

11 S Lake
Grayslake, IL 60030

  • 4 Beds
  • Built In 1910
Price

$750,000

Est Payment
$5,062 / month (details)  
Taxes
$13,039  
Beds
4  
Rooms
7  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
75 X 150  
Built
1910  
Neighborhood
Gages Lake / Grayslake / Hainesville / Third Lake  
MLS
#12465928
Status
Active (0 days)

Property Description

Investment Opportunity in the Heart of Downtown Grayslake! Don't miss this rare 2-unit property in highly desirable downtown Grayslake-steps from dining, shopping, community events, and nightlife! Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers unmatched versatility. The main floor has been tastefully remodeled and features 1 spacious bedroom, a full bathroom with a shower, and convenient in-unit laundry. Perfect for a long-term tenant, an Airbnb option, or owner-occupancy. The second-floor unit is currently operating as a highly successful Airbnb. It offers a flexible floor plan with a kitchenette and a remodeled bathroom, giving guests a comfortable and modern experience. Property highlights include: New roof on the back of the house; main roof in great shape Updated HVAC system Separate gas and electric meters (can be converted to 2 gas meters) Newer electrical service and updated plumbing to the sidewalk Detached 1-car garage Basement with mechanicals and storage Fenced-in backyard with a brick paver patio-perfect for entertaining Enjoy front-row seats to parades, festivals, and all that downtown Grayslake has to offer. This is a truly unique opportunity to own a prime piece of real estate in a vibrant community. ****CLICK VIRTUAL TOUR TO VIEW THE AIR BNB****

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
2 Garage Spaces, On Site, Garage Owned, Detached, Garage, Parking included in price
Schools
District 127, District 46

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

09-18-2025 Listed at $750,000
Last Modified 9/18/25 12:10 PM

Nearby Transportation

  • Milwaukee North 0.7 mi
  • North Central Service 1.1 mi
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