Multi-Family Homes & Duplexes for Sale in Round Lake, IL

Round Lake is one of four villages in north-central Lake County, Illinois, highlighting Round Lake in its name. After its founding as an ice-cutting industry town near the southwest shore of its namesake lake in 1909, Round Lake’s leaders weren’t particularly aggressive about annexing additional land. As a result, neighboring communities Round Lake Park, Round Lake Beach and Round Lake Heights were all incorporated separately by the middle of the 20th century. So, while the communities are interconnected in many ways, including their library and school districts, they have separate municipal governments and distinctive identities. With just under 18,500 residents, the Village of Round Lake is the second-largest Round Lake Area community. With a median home value of around $280,000, Round Lake has the highest median home value of the Round Lake Area communities. That figure is well below the national median value and more than $75,000 below the Lake County median. Real estate agent Ivonne Payes of Payes Homes LLC credits a recent uptick in renovations with a rise in local home values. “People here care about their community and want to see it succeed,” Payes says. “Residents who