BEDS4
BATHS4 full
MLS#12685454
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 124
Property Description
Rare Chain O'Lakes waterfront cottage compound on Grass Lake! This unique property features three furnished short-term rental units on approximately 1.13 acres with approximately 131 feet of waterfront frontage, beach access, gazebo, patio/outdoor gathering areas, dock/floating dock access, and ample parking. Currently operated as The Lake-Heim / Lotus Cottages, the property includes a 2-bedroom cabin, a 1-bedroom cabin, and an additional 1-bedroom lake cottage. 2025 Airbnb total earnings were approximately $60,423, with meaningful year-over-year growth and additional upside through improved occupancy, rate management, and continued STR operation. Ideal for an investor, owner-user, family lakefront retreat, or buyer seeking personal use with rental income from the additional units. Former fourth structure/rebuild potential may offer additional upside, subject to buyer verification and approval. Zoned RC for Recreational Commercial.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Heating: Natural Gas
Lot Size: 1.13 Acres
Taxes: $12,918
Year Built: 1961
Feature Descriptions
Exterior: Aluminum Siding
Lot Dimensions: 25X645X131X623
Parcel#: 01273000240000
Parking: Yes
Sewer: Public Sewer
Total Rooms: 7
Township: Antioch
Water: Well
Local Schools
High School: Grant Community High School
Elementary School: Lotus
School District: District 124
Listed By / Shown By
Listed By
Agency Name: RE/MAX Suburban
Agency Phone: 847-367-8686
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 4,701.50 per month $3,406.28 Principal & Interest $1,076.50 Property Tax $218.72 Homeowner's Insurance
27717 W Grass Lake Drive | MLS# 12685454
This multi-family property located at 27717 W Grass Lake Drive, Spring Grove, IL 60081 is currently listed for sale with an asking price of $749,900. W Grass Lake Drive is located within the District 124 school district. Search Spring Grove real estate on www.gogambino.com today.