50 N Lake Ave Fox Lake, IL 60020
Estimated payment $4,037/month
Highlights
- Additional Residence on Property
- Boat Dock
- Cottage
- Lake Front
- Deck
- Porch
About This Home
Rare opportunity to own 40 feet of prime lake frontage on beautiful Mineola Bay in Fox Lake! This multi-unit property includes four separate cabins-three are currently leased, and one is vacant and ready for immediate occupancy. Whether you're looking for rental income to help offset costs or dreaming of a lakeside family compound where everyone has their own private space, this property delivers. Boaters will love the convenience of docking right outside-no need to trailer your boat home. Recent updates throughout, including full renovations of two front units in 2021 and 2022, plus updates to a third unit in 2014. Properties like this are few and far between on the Chain of Lakes-come take a look and explore the possibilities!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,294
Year Built
- Built in 1943 | Remodeled in 2020
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 40x250
- Lake Front
- Paved or Partially Paved Lot
Home Design
- Cottage
- Asphalt Roof
- Steel Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 12 Bathrooms
- No Tub in Bathroom
Parking
- 4 Parking Spaces
- Off-Street Parking
- Parking Included in Price
Outdoor Features
- Tideland Water Rights
- Deck
- Porch
Additional Homes
- Additional Residence on Property
Schools
- Stanton Elementary School
- Grant Community High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Recreation
- Boat Dock
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 | $13,294 | $178,177 | $30,177 | $148,000 |
| 2023 | $13,294 | $151,489 | $28,429 | $123,060 |
| 2022 | $12,485 | $137,224 | $28,699 | $108,525 |
| 2021 | $11,226 | $119,846 | $27,052 | $92,794 |
| 2020 | $11,001 | $115,496 | $26,664 | $88,832 |
| 2019 | $10,508 | $110,756 | $25,570 | $85,186 |
| 2018 | $10,789 | $112,590 | $40,104 | $72,486 |
| 2017 | $10,549 | $104,067 | $37,068 | $66,999 |
| 2016 | $12,247 | $109,446 | $33,902 | $75,544 |
| 2015 | $11,128 | $97,307 | $31,637 | $65,670 |
| 2014 | $10,423 | $85,822 | $30,393 | $55,429 |
| 2012 | $9,467 | $97,719 | $33,785 | $63,934 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $549,873 | +22.9% | -- |
| 02/16/2022 02/16/22 | Sold | $447,500 | 0.0% | $163 / Sq Ft |
| 01/04/2022 01/04/22 | For Sale | -- | -- | -- |
| 01/03/2022 01/03/22 | Pending | -- | -- | -- |
| 11/24/2021 11/24/21 | Off Market | $447,500 | -- | -- |
| 07/13/2021 07/13/21 | Pending | -- | -- | -- |
| 06/18/2021 06/18/21 | For Sale | $439,000 | -- | $160 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $447,500 | New Title Company Name | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $295,000 | Ticor | |
| Warranty Deed | $170,000 | Standard Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $335,625 | New Conventional | |
| Previous Owner | $206,500 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12429978
APN: 05-10-206-010
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