26048 W Forest Ave Antioch, IL 60002
Channel Lake NeighborhoodEstimated payment $7,431/month
Highlights
- Lake Front
- Boat Dock
- Lake Privileges
- Antioch Community High School Rated A-
- Boat Slip
- Community Lake
About This Home
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 together. The kitchen has a breakfast bar, room for a large table to tons of counter space. You'll always be in the action as the kitchen is open to the cozy living room with a fireplace. You'll enjoy panoramic views of Lake Marie from both. The master suite is a sanctuary unto itself, featuring a luxurious ensuite bathroom with a large tub for unwinding after a long day. The two additional bedrooms share a well-appointed bathroom. Convenience is key with in-unit laundry facilities, ensuring your guests have everything they need for a comfortable stay. Step outside onto the lakefront deck and soak in the breathtaking views while enjoying your morning coffee or evening cocktail. The lower unit is equally inviting, offering two bedrooms plus a den and two full bathrooms. Imagine relaxing on the lakefront patio, taking in the serene surroundings and listening to the gentle lapping of the waves. The two units are connected by a staircase if you have a large group and want to spread out to both units. But the beauty doesn't stop there. This property is designed for outdoor enjoyment with two fire pit areas, perfect for cozy evenings under the stars. A lakefront stamped concrete patio provides ample space for entertaining or simply lounging lakeside. For water enthusiasts, there's a pier and boat launch, making it easy to explore the pristine waters. Need storage space for all your outdoor gear, boats and jet skis? The 26 x 77 pole barn allows you to store them all. Or, if you're a car enthusiast you'll love the pole barn's unobstructed space. You could also rent the space for additional income. Don't miss out on this rare opportunity to own a piece of paradise with endless rental potential. Property is being sold turn key so you can start enjoying it on day 1! Schedule your showing today and start living the lake life you've always dreamed of!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,902
Year Built
- Built in 1978 | Remodeled in 2021
Lot Details
- 0.39 Acre Lot
- Lot Dimensions are 115x190x61x200
- Lake Front
- Paved or Partially Paved Lot
- Additional Parcels
Home Design
- Asphalt Roof
- Steel Siding
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Water Views
- Sump Pump
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 4 Bathrooms
Parking
- 10 Parking Spaces
- Driveway
- Parking Included in Price
Outdoor Features
- Boat Slip
- Docks
- Lake Privileges
- Balcony
- Patio
- Fire Pit
- Shed
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Well
- Water Softener is Owned
- Septic Tank
Community Details
Overview
- 2 Units
- Shady Nook Subdivision
- Community Lake
Recreation
- Boat Dock
Building Details
- Electric Expense $2,434
- Fuel Expense $958
- Insurance Expense $4,317
- Professional Management Expense $19,317
- Trash Expense $1,876
- Water Sewer Expense $1,036
- Net Operating Income $82,638
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 | $14,001 | $155,131 | $30,100 | $125,031 |
| 2023 | $11,996 | $138,907 | $26,952 | $111,955 |
| 2022 | $11,996 | $116,718 | $35,075 | $81,643 |
| 2021 | $11,158 | $108,909 | $32,728 | $76,181 |
| 2020 | $10,949 | $105,901 | $31,824 | $74,077 |
| 2019 | $10,986 | $99,472 | $30,433 | $69,039 |
| 2018 | $10,859 | $100,225 | $30,891 | $69,334 |
| 2017 | $10,787 | $95,398 | $29,403 | $65,995 |
| 2016 | $10,551 | $92,065 | $28,376 | $63,689 |
| 2015 | $10,506 | $89,723 | $27,654 | $62,069 |
| 2014 | $10,736 | $99,512 | $34,626 | $64,886 |
| 2012 | $9,864 | $99,512 | $34,626 | $64,886 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Price Changed | $1,099,000 | -6.5% | -- |
| 02/22/2025 02/22/25 | Price Changed | $1,175,000 | -2.1% | -- |
| 01/15/2025 01/15/25 | For Sale | $1,200,000 | +233.3% | -- |
| 11/04/2020 11/04/20 | Sold | $360,000 | -4.0% | $225 / Sq Ft |
| 09/17/2020 09/17/20 | Pending | -- | -- | -- |
| 08/28/2020 08/28/20 | Price Changed | $375,000 | -6.0% | $234 / Sq Ft |
| 07/25/2020 07/25/20 | Price Changed | $399,000 | -4.8% | $249 / Sq Ft |
| 07/17/2020 07/17/20 | Price Changed | $419,000 | -16.0% | $262 / Sq Ft |
| 07/06/2020 07/06/20 | For Sale | $499,000 | -- | $312 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | Chicago Title | |
| Trustee Deed | -- | Chicago Title Land Trust Com | |
| Deed | $320,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $500,000 | Credit Line Revolving | |
| Closed | $375,000 | Credit Line Revolving | |
| Closed | $50,000 | Construction | |
| Closed | $325,000 | Credit Line Revolving | |
| Previous Owner | $215,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $219,000 | Credit Line Revolving | |
| Previous Owner | $408,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12272167
APN: 01-14-212-045
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