$525,000
$25K PRICE DROP

Estimated payment $3,177/month

Total Views 26,538
6 Beds
3 Baths
4,754 Sq Ft
$110 Price per Sq Ft

Highlights

  • Guest House
  • Second Kitchen
  • Recreation Room
  • Thompson Elementary School Rated A-
  • Mature Trees
  • Farmhouse Style Home

About This Home

Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied. See floor plans for detailed layouts of both residences.

Listing Agent

Nikki Nielsen

Keller Williams North Shore West License #475105587 Listed on: 10/13/2025

Keller Williams North Shore West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,415

Year Built

  • Built in 1917

Lot Details

  • Lot Dimensions are 410x531x411x466
  • Mature Trees

Parking

  • 2 Car Detached Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Farmhouse Style Home
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 4,754 Sq Ft Home
  • 2-Story Property
  • Great Room
  • Family Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Storage Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Second Kitchen
  • Breakfast Bar
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • William L Thompson Elementary School
  • Peter J Palombi Middle School
  • Grayslake North High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Enclosed Patio or Porch
  • Guest House

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,415

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1917
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement: Unfinished, Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • LivingArea: 4754
  • Possible Use: Horses
  • Room Type: Kitchen, Bedroom 5, Bedroom 6, Eating Area, Enclosed Porch, Great Room, Recreation Room, Storage, Walk In Closet
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Square Footage Comments: This is only the main farm house Sq. Ft. total
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Lot Features: Mature Trees
  • OtherStructures: Guest House
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas, Forced Air, Steam, Baseboard
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: William L Thompson School
  • High School: Grayslake North High School
  • Middle/Junior School: Peter J Palombi School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 410x531x411x466
  • Lot Size: 4.0-4.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5415
  • Tax Year: 2024
  • Tax Exemptions: Homeowner,Senior

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 Price Changed $525,000 -4.5% $110 / Sq Ft
10/13/2025 10/13/25 For Sale $550,000 -- $116 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12492112

Midwest Real Estate Data (MRED)

APN: 06-09-100-016