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Channel Lake Multifamily Home for Sale

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    $1,175,000

    • 5 Beds
    • 4 Baths

    26048 W Forest Ave, Antioch, IL 60002

    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 spacious living with three bedrooms and two bathrooms. The kitchen, eating area and family room flow seamlessly

    Patricia Smarto Lakes Realty Group

    26048 W Forest Ave, Antioch, IL 60002

Why Live in Channel Lake

Channel Lake in Fox Lake is a rural neighborhood known for its wooded residential streets and lakefront homes, dating back to the mid-20th century. The area features a mix of ranch-style homes, bi-levels, Cape Cods, and Colonial Revivals, with newer estates showcasing traditional and Craftsman architecture. Home sizes range from modest properties to larger estates exceeding 2,000 square feet. Gravel driveways and detached garages are common, though newer homes often have attached garages and paved driveways. Channel Lake itself is a clean, 352-acre body of water, historically used for ice in meatpacking, and connects with Lake Catherine and Lake Marie. Residents enjoy private docks or use Turtle Beach Marina for access to the Chain O’Lakes, with boat rentals available. The nearby Gander Mountain Forest Preserve offers trails for birding, hiking, and cross-country skiing. Most shopping and dining options are found in Antioch, 3 miles east, featuring local spots like Little Bean Coffee Company and Rivalry Alehouse. Grocery stores include Jewel-Osco, Walmart, Aldi, and Menards. Annual events on Chain O’Lakes include boat rallies, water ski shows, and ice fishing tournaments, with popular festivals like the Cardboard Boat Race & Youth Fishing Derby. The Lakefront Park Friday Night Concert Series runs from June to August. Residents primarily rely on cars for transportation, with the nearest emergency room 15 miles away in Grayslake. Chicago is a 60-mile drive or a 90-minute Metra ride from Antioch. Students attend Antioch Community High School, which has a high rating, along with other schools in the Antioch Central Consolidated School District 34.

Home Trends in Channel Lake, IL

Housing Trends

Median Sale Price
$540,000
Median Single Family Sale Price
$369,499
Median 2 Bedroom Sale Price
$832,000
Median 1 Bedroom Sale Price
$540,000
Average Price Per Sq Ft
$359
Number of Homes for Sale
4
Last 12 months Home Sales
20
Months of Supply
2.40
Median List Price
$545,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-14%
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