Active

$700,000

11 Lake

Grayslake, IL 60030

4
Bedrooms
2
Bathrooms
Sq Ft
1910
Year Built

About This Property

Investment Opportunity in the Heart of Downtown Grayslake! Don't miss this rare 2-unit property in highly desirable downtown Grayslake-steps from dining, shopping, community events, and nightlife! Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers unmatched versatility. The main floor has been tastefully remodeled and features 1 spacious bedroom, a full bathroom with a shower, and convenient in-unit laundry. Perfect for a long-term tenant, an Airbnb option, or owner-occupancy. The second-floor unit is currently operating as a highly successful Airbnb. It offers a flexible floor plan with a kitchenette and a remodeled bathroom, giving guests a comfortable and modern experience. Property highlights include: New roof on the back of the house; main roof in great shape Updated HVAC system Separate gas and electric meters (can be converted to 2 gas meters) Newer electrical service and updated plumbing to the sidewalk Detached 1-car garage Basement with mechanicals and storage Fenced-in backyard with a brick paver patio-perfect for entertaining Enjoy front-row seats to parades, festivals, and all that downtown Grayslake has to offer. This is a truly unique opportunity to own a prime piece of real estate in a vibrant community. ****CLICK VIRTUAL TOUR TO VIEW THE AIR BNB****

MLS# MRD12465928Listed 9/17/2025Residential Income

Property Details

Interior Features

Stories
Cooling
HeatingNatural GasForced Air
Garage SpacesOn SiteGarage OwnedDetachedGarage

Location & Exterior

CountyLake
Subdivision
Lot Size

School Information

Elementary
Middle School
High School

Property Location

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Property Summary

Price
$700,000
Location
Grayslake, IL
Property Type
Residential Income
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Equal Housing Opportunity

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

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