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$ 550,000
Est. payment | /mo
0.38 Acres Lot
$ 550,000
Est. payment | /mo
0.38 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12631497
Maintenance Fees $999
Year Built 1945
Annual Tax Amount $13,620
Tax Year 2025
Lot Size 0.380 Acres
Lot Dimensions 50x232x74x217x14
Property Sub-Type Multi Family 5+
Property Description
117 Nippersink Rd is a fully furnished 5-unit lakefront rental property located directly on the serene shores of Nippersink Lake, part of the Chain O' Lakes in northern Illinois. The property has been operating as short-term rentals and is currently in the process of transitioning to long-term rentals, offering investors flexibility between hospitality-style income, stabilized residential income, or a hybrid rental strategy. The unit mix includes three spacious 2-bedroom units and two charming 1-bedroom units, each with a private entrance, open-concept layout, updated kitchen, and modern bath finishes. Outdoor seating areas provide guests and residents with lakefront atmosphere, water views, and easy access to boating, fishing, and waterfront recreation. Located minutes from downtown Fox Lake, shopping, dining, and the Metra station, 117 Nippersink Rd offers a strong blend of lakefront lifestyle, rental demand, and convenience. The property is also located just up the road from Fox Lake's new lakefront park, adding significant nearby amenity value for residents and guests.
Location
State IL
County Lake
Area Fox Lake
Zoning COMMR
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Jason Bitton of RE/MAX Suburban
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