Closed

$200,000

172 Forest Avenue, Fox Lake, IL 60020
3 Beds2 Baths16 days
172 Forest Avenue·Fox Lake, IL 60020
3Bedrooms
2Bathrooms
1978Year Built
About This Home

This charming 2-flat offers many possibilities for homeowners and investors alike. With two separate units, you can rent one and live in the other or rent both for a great return on investment. One of the highlights of this property is its picturesque hillside setting, providing breathtaking views of Fox Lake, especially from the private deck. Important updates to the property have been made. The dual furnace is just five years old. In addition, each unit has the convenience of in-unit laundry. The deck, driveway, fence, exterior stairs, and lower-level laundry have all been recently upgraded. The location of this property is truly unbeatable. Situated close to the commuter rail, it offers easy access for commuters and travelers. Moreover, you'll find Lakefront Park just a stone's throw away. This upcoming development promises many amenities, including a boardwalk, municipal piers, an amphitheater, a playground, and a splash pad, ensuring a vibrant and active lifestyle for residents. While Fam's On The Chain may be temporarily closed for renovations, it presents an exciting prospect for future businesses in the area, adding even more value to the community. Additionally, El Puerto Mexican Restaurant, with its lakeside charm. Fitness enthusiasts will appreciate the convenience of Aira Fitness Private Studio on Fox Lake, a private gym accessible 24/7, perfect for maintaining a healthy lifestyle without leaving the neighborhood. Investment-wise, the rents collected for this building are $1,300 for the upstairs unit and $1,100 for the downstairs unit. Additionally, the landlord pays for electrical, gas, and water/sewer/refuse, making managing and budgeting the expenses easier. This property is not just a home; it's an opportunity waiting to be seized. Don't miss out on your chance to enter the real estate investment business or find your perfect living space in a prime location with stunning lake views. Schedule a viewing today!

MLS# 11848613Listed July 31, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms2
Total Rooms6

Size & Structure

Year Built1978
Lot Size73X77X73X79

Location

CountyLake
TownshipGrant
Zip Code60020

Financial

List Price$200,000
Annual Taxes (2022)$2,925
Monthly Tax Est.$244
Parcel #05033010190000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Vinyl Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

DrivewayOn SiteOwned
Schools
High School
Grant Community High School
District: 124
Tax & Financial
Annual Taxes
$2,925
Tax Year 2022
Monthly Tax Est.
$244
per month
Property Location

172 Forest Avenue, Fox Lake, IL 60020Lake County

$200,000
172 Forest Avenue
3 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
16 days on market
73X77X73X79
$2,925/yr taxes
$1,295
estimated monthly payment
Principal & Interest
$1,051/mo
Property Tax
$244/mo
$200,000
20% — $40,000
3%50%
6.875%
3%12%
Loan Amount
$160,000
Down Payment
$40,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Joelle Venzera
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