706 E Burnett Rd Island Lake, IL 60042
East Island Lake NeighborhoodEstimated payment $6,035/month
Highlights
- Barn
- 19 Acre Lot
- Ranch Style House
- Second Kitchen
- Deck
- Bonus Room
About This Home
Live-work opportunity. 4147 sf hillside ranch house on 19 acres zoned for office or industrial with 2 outbuildings. Current owner ran a commercial print shop out of one building. Additional 3-car garage good for collector cars. 10 acres being farmed to keep the taxes low. Cell tower not included--rights have been sold. See virtual tour. Zoning allows horses (riding and boarding) and nursery/greenhouses with a special use permit. Owner willing to subdivide if you don't need 19 acres. PRICE REDUCED!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,104
Year Built
- Built in 1970
Parking
- 2.5 Car Garage
Home Design
- Ranch Style House
- Earth Berm
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,147 Sq Ft Home
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Home Office
- Bonus Room
- Laundry Room
Kitchen
- Second Kitchen
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Outdoor Features
- Deck
- Outbuilding
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Well
- Septic Tank
Additional Features
- 19 Acre Lot
- Barn
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 | $13,104 | $181,336 | $82,408 | $98,928 |
| 2023 | $13,104 | $165,565 | $75,137 | $90,428 |
| 2022 | $16,058 | $177,176 | $75,072 | $102,104 |
| 2021 | $15,303 | $167,108 | $70,629 | $96,479 |
| 2020 | $14,736 | $158,955 | $67,000 | $91,955 |
| 2019 | $13,954 | $149,954 | $63,048 | $86,906 |
| 2018 | $14,463 | $162,549 | $74,104 | $88,445 |
| 2017 | $14,581 | $174,216 | $85,411 | $88,805 |
| 2016 | $7,941 | $87,153 | $80,193 | $6,960 |
| 2015 | $7,597 | $80,008 | $73,619 | $6,389 |
| 2014 | $16,695 | $169,006 | $71,247 | $97,759 |
| 2012 | $16,236 | $167,979 | $68,458 | $99,521 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2025 07/20/25 | For Sale | $895,000 | -- | $216 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $650,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Commercial | |
| Closed | $92,000 | Future Advance Clause Open End Mortgage | |
| Open | $200,000,000 | Unknown | |
| Closed | $2,200,000 | Commercial | |
| Previous Owner | $725,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12425516
APN: 09-16-400-013
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