Active Under Contract

$410,000

3855 Grand Avenue, Gurnee, IL 60031
4 Beds2 Baths38 days
3855 Grand Avenue·Gurnee, IL 60031
4Bedrooms
2Bathrooms
1952Year Built
About This Home

"Incredible turn-key investment or owner-occupied opportunity in the heart of Gurnee! This meticulously maintained 2-unit property has been completely transformed with nearly every major system updated for maximum efficiency and zero stress. **Unmatched Mechanicals & Exterior:** * **Zero Owner Utility Expense:** Both units feature **completely separate utilities** (Gas, Electric, and Water/Sewer). **Tenants pay for all utilities-the owner pays nothing.** * **Brand New (2026):** Two 95% high-efficiency furnaces ensuring ultra-low utility costs for tenants. * **Newer (2018/2019):** Full roof replacement on both the house and garage (2018), all-new energy-efficient windows throughout (2019), and added insulation in the attic on both sides. * **Systems:** Both units feature central air and have been fully and correctly rewired. **Modernized Interiors:** * **Unit 1:** Rehabbed in 2024 with a stylish new kitchen and modern bathroom. * **Unit 2:** Freshly updated in 2018 with a brand-new kitchen and bathroom. **Prime Location & Conveniences:** Complete with a detached 2-car garage featuring newer openers (2018). You are perfectly positioned for entertainment and convenience-just minutes from **Six Flags Great America**, the **American Place Casino**, and the massive shopping and dining district at **Gurnee Mills**. Quick access to I-94 makes commuting a breeze. Current rents have significant room for growth to meet market demand, providing immediate upside for the savvy investor. Truly a 'set it and forget it' property-**with all utilities separated and tenant-paid**, this is the perfect high-performance gem for adding to a portfolio or living in one unit while the other pays your mortgage. Don't miss out!"

MLS# 12606141Listed March 31, 2026Residential IncomeRanch
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms2
Total Rooms8

Size & Structure

Garage Spaces2
Year Built1952
Lot Size0.240 acres

Location

CountyLake
TownshipWarren
Zip Code60031

Financial

List Price$410,000
Annual Taxes (2025)$6,917
Monthly Tax Est.$576
Parcel #07241060210000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Aluminum Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

YesGarage OwnedDetachedOff StreetDrivewayOwnedGarage
Tax & Financial
Annual Taxes
$6,917
Tax Year 2025
Monthly Tax Est.
$576
per month
Property Location

3855 Grand Avenue, Gurnee, IL 60031Lake County

$410,000
3855 Grand Avenue
4 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
38 days on market
2-car garage
0.240 acres
$6,917/yr taxes
$2,731
estimated monthly payment
Principal & Interest
$2,155/mo
Property Tax
$576/mo
$410,000
20% — $82,000
3%50%
6.875%
3%12%
Loan Amount
$328,000
Down Payment
$82,000

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

Listed by
Core Realty & Investments Inc.
Agent: Gilbert Abington
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Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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