40523 N IL Route 83
Antioch, IL, 60002
$525,000
6 Beds
5 Baths
0 SqFt
0.64 Acres
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MLS #MRD12512060 image #0
An incredible opportunity for Investors or Owner-Occupants to own a fully occupied Multi-Family Rental Property in Unincorporated Lake County offering both income stability and lifestyle appeal. Set on a beautiful, wooded, and partially fenced lot with full lake rights 60 feet deep, this property combines privacy, convenience, and charm. The units include a 2-bedroom garden apartment with private walkout entrance, a spacious 3-bedroom residence, a 1-bedroom residence with a private deck, a 2-bedroom residence with deck, and a large 1-bedroom residence featuring a fireplace, skylights, and vaulted ceilings. Tenants benefit from an on-site laundry facility, with select apartments offering in-unit laundry for added comfort and convenience. Located just off Route 83, the property offers ample parking, a dog run, and a serene setting surrounded by nature. With strong, long-term tenants and the owner currently occupying one unit, this property delivers steady income, future upside, and potential to increase the below market rents. Roof shingled July 2018, Tankless water heater October 2021, Well Pump Feb 2022, Apt 4 Furnace replaced March 2022. Sold AS-IS.

Property Details

Price:
$525,000
MLS #:
MRD12512060
Status:
Active
Beds:
6
Baths:
5
Type:
Commercial
Neighborhood:
antioch
Listed Date:
Nov 24, 2025
Total Sq Ft:
4,350
Lot Size:
27,852 sqft / 0.64 acres (approx)
Year Built:
1840
AntiochAntioch

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Schools

Interior

Cooling
Window Unit(s)
Fireplaces Total
2

Exterior

Stories
2

Financial

Net Operating Income
$30,691
Tax Year
2024
Taxes
$14,532

Map

Community

Market Summary

Current real estate data for Commercial in Antioch as of Jun 10, 2026
6
Commercial Listed
81
Avg DOM
$657,300
Avg List Price

Property Summary

    40523 N IL Route 83 Antioch IL is a Commercial for sale in Antioch, IL, 60002. It is listed for $525,000

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