Seller's Agent in 2026
Nikki Nielsen
Keller Williams North Shore West
(847) 652-3786
7 in this area
171 Total Sales
116 E Monaville Rd Lake Villa, IL 60046
South Lake Villa NeighborhoodEstimated Value: $490,000 - $511,000
6
Beds
3
Baths
4,754
Sq Ft
$105/Sq Ft
Est. Value
Highlights
- Guest House
- Second Kitchen
- Recreation Room
- Thompson Elementary School Rated A-
- Mature Trees
- Farmhouse Style Home
About This Home
As of March 2026Unique 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.
Last Agent to Sell the Property
Keller Williams North Shore West License #475105587 Listed on: 10/13/2025
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2025
Closed on
Mar 6, 2026
Sold by
Bought by
Seller's Agent
Nikki Nielsen
Keller Williams North Shore West
Buyer's Agent
Christine Hjorth
Keller Williams North Shore West
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%
Views
355
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,013
Avg. Annual Appreciation
-4.87%
Original Mortgage
$155,000
Outstanding Balance
$155,000
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
$344,987
Purchase Details
Closed on
May 2, 2007
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $505,000 | Chicago Title | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $155,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2026 03/16/26 | Sold | $505,000 | -3.8% | $106 / Sq Ft |
| 01/28/2026 01/28/26 | Pending | -- | -- | -- |
| 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)
Agents Affiliated with this Home
-
Nikki Nielsen
-
Christine Hjorth
Buyer's Agent in 2026
Christine Hjorth
Keller Williams North Shore West
(847) 738-2087
1 in this area
161 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12492112
APN: 06-09-100-016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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