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$ 749,900
Est. payment /mo
New
27717 W Grass Lake DR Spring Grove, IL 60081
4 Beds
4 Baths
1.13 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12685454
Bedrooms 4
Year Built 1961
Annual Tax Amount $12,918
Tax Year 2024
Lot Size 1.130 Acres
Lot Dimensions 25X645X131X623
Property Sub-Type Two to Four Units
Property Description
Rare turnkey waterfront compound on Grass Lake (Fox Chain O'Lakes) - three fully furnished, income-producing short-term-rental units that sleep up to 12, two of them Airbnb "Guest Favorites." About 131' of private walk-in sand beach (uncommon on the Chain) on ~1.1 acres, with a private pier, gazebo, firepit patio, RV/boat storage and canoe/kayak access. Seller-provided 2025 Airbnb total ~$60,423 (+25 YoY) with clear room to grow. Four full baths plus a bonus room take it to up to 5 BR / 4 BA, and a former legal, conforming 4th-cottage site offers rebuild potential (verify). Live in one unit and rent the others, run it as an STR, hold as a family compound, or expand. About 50-60 miles NW of Chicago near Blarney Island and Chain O'Lakes State Park. Offering memorandum available. All information seller-provided and deemed reliable but not guaranteed; buyer to verify.
Location
State IL
County Lake
Area Spring Grove
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Aluminum Siding, No
Sewer Public Sewer
Water Well
Structure Type Aluminum Siding
New Construction false
Schools
Elementary Schools Lotus
High Schools Grant Community High School
School District 114 , 114, 124
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jason Bitton of RE/MAX Suburban
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