Corcoran Urban Real Estate
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3 Properties Within 0.5 miles of: 116 E Monaville, Lake Villa

116 E Monaville
Lake Villa, IL 60046

  • 6 Beds
  • 3 Baths
  • 4,754 Sq. Ft.
  • Built In 1917
Price

$550,000

Est Payment
$3,367 / month (details)  
Taxes
$5,415  
Beds
6  
Baths
3  
Rooms
14  
Type
Detached Single  
Sq. Ft.
4,754  
Lot Size
410x531x411x466  
Built
1917  
Neighborhood
Lake Villa / Lindenhurst  
MLS
#12492112
Status
Active (21 days)

Property Description

Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied. See floor plans for detailed layouts of both residences.

Property Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Main
17X14
Dining Room
Main
13X14
Kitchen
Main
14X15
Family Room
Second
12X13
Laundry
Basement
10X10
Master Bedroom
Main
17X14
Bedroom 2
Main
16X16
Bedroom 3
Main
13X7
Bedroom 4
Second
16X15
Bedroom 5
Second
15X12
Bedroom 6
Main
16X12
Kitchen- 2nd
Second
16X15
Enclosed Porch
Main
13X12
Storage
Main
12X9
Great Room
Second
16X12
Recreation Room
Main
12X11
Walk In Closet
Second
6X7
Kitchen- 2nd
Main
12X5
Eating Area
Main
8X5

Utilities

  • Heating Natural Gas, Forced Air, Steam, Baseboard
  • Cooling None
  • Water Public
  • Sewer Public Sewer

Additional Information

Appliances
Range, Refrigerator, Washer, Dryer
Parking
2 Garage Spaces, Garage Door Opener, Yes, Garage Owned, Detached, Garage
Schools
Grayslake North High School (127), Peter J Palombi School (41), William L Thompson School (41)

Payment Calculator

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

Listing History

10-13-2025 Listed at $550,000
Last Modified 11/3/25 2:39 PM

Nearby Transportation

  • North Central Service 1.1 mi
grid
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