16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 1 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 2 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 3 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 4 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 5 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 6 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 7 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 8 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 9 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 10 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 11 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 12 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 13 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 14 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 15 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 16 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 17 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 18 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 19 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 20 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 21 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 22 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 23 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 24 16 N Pistakee Lake Road, FOX LAKE IL 60020 Photo 25
Listing Courtesy of Re/Max Advantage Realty

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16 N Pistakee Lake Road - PISTAKEE LAKE LAKEFRONT MULTI-FAMILY OFFERING WITH EXCELLENT CASH FLOW. LARGE MAIN HOUSE IS CURRENTLY A 2-FLAT WITH A SPACIOUS OWNER'S UNIT ON THE MAIN FLOOR FEATURING 2 BEDROOMS, LIVING ROOM, FAMILY ROOM, DINING ROOM, LARGE EAT-IN KITCHEN AND A SCREEN PORCH OVERLOOKING THE LAKE AND COULD EASILY BE RENTED FOR ADD'L INCOME, PLUS A 2ND FLOOR 2 BEDROOM APARTMENT WITH PRIVATE ENTRANCE. BOTH UNITS COULD BE COMBINED FOR ONE VERY LARGE HOUSE. 3 ADDITIONAL HOUSES ON THE PROPERTY: A 5 ROOM, 1 BEDROOM HOUSE, A 3 ROOM 1 BEDROOM HOUSE, A STUDIO HOUSE, AND A SMALL WAREHOUSE. THE WAREHOUSE IS NOT CURRENTLY RENTED. THERE IS ALSO A BOAT RAMP. THE PROPERTY IS ZONED B-4. CHECK UNDER "ADDITIONAL INFORMATION" FOR USES UNDER THE B-4 ZONING, WALK TO THE METRA TRAIN AND TOWN. CURRENT RENTS WITH ALL LONG-TERM TENANTS IS UNDER-MARKET AT $2775/MONTH. ALL TENANTS WITH THE EXCEPTION OF THE 2ND FLOOR TENANT IN THE MAIN HOUSE PAY THEIR OWN UTILITIES. LET YOUR TENANTS FINANCE YOUR LAKEFRONT DREAM. Virtual Tour

Listing information

  • MLS® ID: 09383468
  • Status: Active
  • New Construction: No
  • Lot Size: 80X284X110X336
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $20,123
  • Year Built: 1939
  • Parking Type Description: None 0 cars
  • Lot Area: 0.66
  • County: Lake

Features

Air Conditioning Window Unit/s
Approximate Age Older
Basement Description Unfinished
Built Before 1978 (Y/N) Yes
Construction Wood Frame
Current Use Residential-Multi-Family
Electrical Service Circuit Breakers, Fuses
Exterior Building Type Frame
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Heat/Ventilation Baseboard, Hot Water
Information Show-Call Listing Office
Misc Outside Enclosed Porch
Other # Of Dishwashers - 0, # Of Dryers - 1, # Of Ranges - 5, # Of Refrigs - 5, # Of Units - 5, # Of Washers - 1, # Of Window/Ac - 2, Electricity Expense - 0, Expense Year - 2015, Fuel Expense - 0, Gross Rent Multiplier - 9.1, Gross Rental Income $ - 33300, Insurance Expense - 0, Janitor Expense - 0, Net Oper Income $ - 31777, Net Operating Income Year - 2015, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 0, Tax Year - 2015, Total Annual Exp - 3000, Total Annual Income - 54900, Total Monthly Income - 2775, Township - Grant, Water Expense - 0, Zoning Type - Commr
Outdoor Parking 6-12 Spaces
Ownership Type Sole Proprietor
Possession Closing
Potential Use Commercial, Residential-Multi-Family, Residential-Single Family
Property Type Multi Family 5+
Roof Coverings Shingle Composition
Sale Terms Conventional
Tenant Pays Electric, Heat, Varies by Tenant
Type Multi-Family Other
Utilities To Site Sanitary Sewer to Site, Water-Community
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Re/Max Advantage Realty