Active

$525,000

116 Monaville

Lake Villa, IL 60046

6
Bedrooms
3
Bathrooms
0
Sq Ft
1917
Year Built

About This Property

Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied. See floor plans for detailed layouts of both residences.

MLS# MRD12492112Listed 10/13/2025Residential

Property Details

Interior Features

Stories
CoolingNone
HeatingNatural GasForced AirSteamBaseboard
Garage SpacesGarage Door OpenerYesGarage OwnedDetachedGarage

Location & Exterior

CountyLake
Subdivision
Lot Size

School Information

Elementary
William L Thompson School
Middle School
Peter J Palombi School
High School
Grayslake North High School

Property Location

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Property Summary

Price
$525,000
Location
Lake Villa, IL
Property Type
Residential

Listing Courtesy of MRED as distributed by MLS Grid
@properties Christie's International Real Estate