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$1,200,000   Price Analysis
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26048 W Forest Ave
Antioch, IL 60002
5 bed 4 bath 2,914 SqFt ($411/SqFt)
0.61 acre lot. Built 1978
Listed 2024-02-20, Taxes $11,158
Ⓧ USDA Ineligible
due to price & location

near Antioch

Welcome to your dream investment property with 161 feet of Lake Marie frontage!

This stunning Lake Marie lakefront retreat boasts not one, but two legal rental units, perfect for lucrative short-term rentals or as your getaway with rental income potential. The upper unit offers open living with three bedrooms and two bathrooms. The kitchen, eating area and family room flow seamlessly together. The kitchen hs a breakfast bar, room for a large table to tons of counter space. You'll always be in the action as the kitchen is open to the cozy living room with a fireplace. You'll enjoy panoramic views of Lake Marie from both. The master suite is a sanctuary unto itself, featuring a luxurious ensuite bathroom with a large tub for unwinding after a long day. The two additional bedrooms share a well-appointed bathroom. Convenience is key with in-unit laundry facilities, ensuring your guests have everything they need for a comfortable stay. Step outside onto the lakefront deck and soak in the breathtaking views while enjoying your m orning coffee or evening cocktail.

The lower unit is equally inviting, offering two bedrooms plus a den and two full bathrooms. Imagine relaxing on the lakefront patio, taking in the serene surroundings and listening to the gentle lapping of the waves. The two units are connected by a staircase if you have a large group and want to spread out to both units. But the beauty doesn't stop there. This property is designed for outdoor enjoyment with two fire pit areas, perfect for cozy evenings under the stars. A lakefront stamped concrete patio provides ample space for entertaining or simply lounging lakeside. For water enthusiasts, there's a pier and boat launch, making it easy to explore the pristine waters. Need storage space for all your outdoor gear, boats and jet skis? The 26 x 77 pole barn allows you to store them all. Or, if you're a car enthusiast you'll love the pole barn's unobstructed space. You could also rent the space for additional income. Don't miss out on this rare opportunity to own a piece of paradise with unlimited rental potential. Property is being sold turn key so you can start enjoying it on day 1. Schedule your showing today and start living the lake life you've always dreamed of!


Presented by Pat Smarto at
Lakes Realty Group.
Listing Agent Photo

Property MLS #11984655 from MRED

Bedrooms: 5
Bedrooms Possible: 5

Total Rooms: 11

Total Bathrooms: 4
Full Bathrooms: 4

Heating Features: Natural Gas, Forced Air

Balcony
Patio
Stamped Concrete Patio
Boat Slip
Fire Pit
Other Structures: Barn(s), Shed(s), Boat Dock

Additional Parcels Description: 01142120460000
Lot Description: Chain of Lakes Frontage, Lake Front, Water View, Dock, Lake Access
Lot Size Acres: 0.61
Lot Size Dimensions: 161X175X111X185
Lot Size Square Feet: 26572

Parking Features: Driveway
Parking Total: 10

Association: No
Calculated Total Monthly Association Fees: 0

High School District: 117

Antioch Community High School is a public high school located approximately 2.5 miles away.
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W C Petty Elementary School is a public elementary school located approximately 1.4 miles away.
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Antioch Upper Grade School is a public middle school located approximately 1.5 miles away.
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Faith Evangelical Lutheran School is a private elementary and middle school located approximately 2.5 miles away.
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Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 2
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Unit-1 Square Feet: 1588
Unit-2 Square Feet: 1326

Annual Tax Amount: 14699.78
Source Listing Status: Active
County: Lake
Directions: RT 59 and 173 W to Lotus S to Forest and E to home
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Source Neighborhood: Shady Nook
Parcel Number: 01142120450000
Subdivision: Shady Nook
Township: Antioch
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$76,181 + $32,728
$108,909
$11,158
2020$74,077 + $31,824
$105,901
$10,948
2019$69,039 + $30,433
$99,472
$10,986
2018$69,334 + $30,891
$100,225
$10,931
2017$65,995 + $29,403
$95,398
$10,786
2016$63,689 + $28,376
$92,065
$10,551
2015$62,069 + $27,654
$89,723
$10,506
2014$62,069 + $27,654
$89,723
$11,238
2013$64,886 + $34,626
$99,512
$10,736
2012$69,234 + $34,626
$103,860
$9,863
2011$72,648 + $34,625
$107,273
$9,741
2010$42,918 + $42,074
$84,992
$6,841
2009$81,815 + $42,074
$123,889
$6,246
2008$79,571 + $40,920
$120,491
$8,599
2007$75,724 + $38,942
$114,666
$7,997
2006$75,036 + $53,341
$128,377
$9,090

Listing removed 2024-02-26
$1,200,000
MRED
Listed 2024-02-20
$1,200,000
MRED
Listed 2024-02-20
$1,200,000
MRED
Sold 2020-12-15
$360,000
Public Record
Sold 2020-11-04
$360,000
MRED
Price Changed 2020-08-29
$375,000
MRED
Price Changed 2020-07-25
$399,000
MRED
Price Changed 2020-07-17
$419,000
MRED
Listed 2020-07-07
$499,000
MRED
Sold 2001-10-05
$320,000
Public Record
Sold 1995-11-24
$274,000
Public Record

Year Built: 1978
Foundation Details: Concrete Perimeter
Property Age: 46
Roof: Asphalt

Sewer: Septic-Private
Water Source: Private Well

Other Equipment: Water-Softener Owned, CO Detectors, Ceiling Fan(s), Sump Pump
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.