26198 W Spring Grove RD, Antioch, IL 60002
26198 W Spring Grove RD, Antioch, IL 60002
26198 W Spring Grove RD, Antioch, IL 60002
26198 W Spring Grove RD, Antioch, IL 60002
26198 W Spring Grove RD, Antioch, IL 60002
26198 W Spring Grove RD, Antioch, IL 60002
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Legacy Property Management

Legacy Property Management

+1(224) 999-9200
$ 895,000
Est. payment | /mo

0.45 Acres Lot

Save
$ 895,000
Est. payment | /mo
Save

0.45 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12711070

Maintenance Fees $957

Year Built 1930

Annual Tax Amount $17,672

Tax Year 2025

Lot Size 0.450 Acres

Lot Dimensions 140X187X74X188

Property Sub-Type Multi Family 5+

Property Description

This exceptional 8-unit multifamily property on Channel Lake offers stable in-place income, proven occupancy, and significant embedded upside through below-market rents and irreplaceable direct lakefront frontage. Situated on a quiet street with 140 feet of Lake Catherine shoreline, the asset provides long-term tenancy, conservative rent growth potential, and an attractive basis relative to both current cash flow and the underlying waterfront land value. The property features a thoughtfully configured mix of units: 2 Three-Bedroom units, 2 Two-Bedroom units, 4 One-Bedroom units, including a charming standalone brick cottage A spacious backyard with mature trees creates a serene, picturesque setting for residents to enjoy. Tenant-Paid Utilities, all tenants are responsible for their own electric. Tenants contribute a set amount toward heat from November through April (the standalone brick cottage is responsible for both heat and electric). This rare lakefront multifamily asset combines reliable cash flow, strong tenant retention, and substantial future appreciation potential in one of Antioch's most desirable waterfront locations. Whether for an investor seeking portfolio stability or growth, this property represents a compelling opportunity in the Chicago-area market. Ideal for serious investors, contact us today for complete financials, rent roll, and a private showing.

Location

State IL

County Lake

Area Antioch

Zoning OTHER

Rooms

Basement Unfinished

Interior

Cooling Window Unit(s)

Fireplaces Number 1

Fireplace Y

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Sewer Septic Tank

Water Well

Structure Type Stone,Wood,Vinyl Siding,Stucco

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Scanlon of  eXp Realty 

Nearby Locations

Legacy Property Management

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9200

propertymanagement@legacypropertiesil.com

1350 Remington Rd, Suite B, Schaumburg IL, Other

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26198 W Spring Grove RD