117 Nippersink Blvd Fox Lake, IL 60020
Estimated payment $4,597/month
Highlights
- Lake Front
- Floor Furnace
- 4-minute walk to Lakefront Park
- Central Air
About This Home
Discover a rare opportunity to own a beautifully maintained 5-unit lakefront property on the serene shores of Nippersink Lake, part of the Chain O'Lakes in northern Illinois. Whether you're seeking a turn-key investment, a multi-family getaway, or the perfect blend of both, this unique property offers endless potential. This lakefront property is currently used as short-term rentals under a special use permit from Lake County. Each unit offers a private entrance and open-concept layouts with modern kitchens and updated baths. Three of the units are larger with 2 bedrooms, ideal for year-round living or premium short-term rentals. The remaining two are cozy 1 bedroom units perfect for weekend getaways, each offering warm, inviting interiors with rustic charm and contemporary finishes. This property is offered completely furnished! The outdoor seating provides a place to relax and take in the panoramic views. Boating, fishing, and watersports are a few doors down from the property. Up the road is the brand new Lakefront Park - Fox Lake (opening Memorial Day weekend) with an ADA-compliant pier and boardwalk, pickleball courts, splash pads, sand beach, and even fishing allowed off the rocks on either side of the beach. Lakefront Park will also be the new location of Friday Night Live Concerts starting on June 6, 2025. Located minutes from other attractions such as downtown Fox Lake, shopping, dining, and the Metra station, this property truly offers the ideal balance of tranquility and accessibility. It's a smart investment in a highly desirable lakefront community. Seller financing IS available. Don't miss your chance to own this exceptional property on Nippersink Lake - schedule your private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,620
Year Built
- Built in 1945
Lot Details
- 0.39 Acre Lot
- Lot Dimensions are 50x217x74x232
- Lake Front
Home Design
- Flat Roof Shape
Interior Spaces
- 3,728 Sq Ft Home
- 2-Story Property
- Carbon Monoxide Detectors
Utilities
- Central Air
- Floor Furnace
- Separate Meters
- 100 Amp Service
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $1
- Maintenance Expense $1
- Other Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- Operating Expense $1
- Gross Income $1
- Net Operating Income $1
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,766 | $166,514 | $46,166 | $120,348 |
| 2023 | $13,766 | $156,866 | $43,491 | $113,375 |
| 2022 | $10,619 | $116,720 | $63,287 | $53,433 |
| 2021 | $9,798 | $104,597 | $54,231 | $50,366 |
| 2020 | $9,820 | $103,102 | $53,456 | $49,646 |
| 2019 | $9,921 | $104,566 | $56,958 | $47,608 |
| 2018 | $9,636 | $100,563 | $56,100 | $44,463 |
| 2017 | $9,422 | $92,950 | $51,853 | $41,097 |
| 2016 | $9,512 | $85,010 | $47,424 | $37,586 |
| 2015 | $10,827 | $94,669 | $44,255 | $50,414 |
| 2014 | $10,558 | $96,020 | $44,035 | $51,985 |
| 2012 | -- | $133,803 | $45,884 | $87,919 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Pending | -- | -- | -- |
| 05/14/2025 05/14/25 | For Sale | $625,000 | -- | $168 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Oconnor Title Guaranty Inc | |
| Warranty Deed | $370,000 | Chicago Title Insurance Co | |
| Warranty Deed | $158,500 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $177,000 | Commercial | |
| Previous Owner | $270,000 | Commercial | |
| Previous Owner | $158,450 | Seller Take Back |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12365383
APN: 05-04-402-048
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