ACTIVE UNDER CONTRACTPrice Reduced

$525,000

$550,000
116 Monaville,Lake Villa, IL 60046
6 Beds3 Baths0 sqft108 days on market
116 Monaville·Lake Villa, IL 60046
6Bedrooms
3Bathrooms
0Sq Ft
1917Year Built

About This Home

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 October 13, 2025ResidentialFarmhouse

Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms3
Full Baths3
Half Baths0
Total Rooms14

Size & Structure

Living Area0 sqft
Garage Spaces2
Year Built1917
Lot Size410x531x411x466

Location

CountyLake
TownshipLake Villa
Zip Code60046

Financial

List Price$525,000
Original Price$550,000
Annual Taxes (2024)$5,415
Monthly Tax Est.$451
Parcel #06091000160000

Interior Features

Appliances

RangeRefrigeratorWasherDryer

Heating

Natural GasForced AirSteamBaseboard

Cooling

None

Basement

UnfinishedFull

Exterior & Lot

Construction Materials

Vinyl Siding

Roof

Asphalt

Lot Features

Mature Trees

Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking Features

Garage Door OpenerYesGarage OwnedDetachedGarage

HOA & Community

HOA Fee
$0
Not Applicable

HOA Includes

None

Schools

Elementary
William L Thompson School
District: 41
Middle School
Peter J Palombi School
District: 41
High School
Grayslake North High School
District: 127

Tax & Financial Info

Annual Taxes
$5,415
Tax Year 2024
Monthly Tax Est.
$451
per month
Price Reduced by $25,000
Original list price: $550,000

Property Location

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116 Monaville, Lake Villa, IL 60046Lake County

$525,000
116 Monaville
6 bd3 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts

108 days on market
2-car garage
410x531x411x466
$5,415/yr taxes
$0 HOA (not applicable)
Price reduced $25,000
$3,210
estimated monthly payment
Principal & Interest
$2,759/mo
Property Tax
$451/mo
$525,000
20% — $105,000
3%50%
6.875%
3%12%
Loan Amount
$420,000
Down Payment
$105,000

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

Listed by
Keller Williams North Shore West
Agent: Nikki Nielsen
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Equal Housing Opportunity Logo
Equal Housing Opportunity

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

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