Homes for sale - 11 S Lake Street, Grayslake, IL 60030

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Andy Svalesen

andy@andysellschicago.com +1(312) 248-9882

Listed by Barbara Nooteof Compass

$750,000

Est. payment - /mo

4 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12465928

Style Other

Bedrooms 4

Year Built 1910

Annual Tax Amount $13,039

Tax Year 2024

Lot Dimensions 75 X 150

Property Sub-Type Two to Four Units

Property Description

Investment Opportunity in the Heart of Downtown Grayslake! Don't miss this rare 2-unit property in highly desirable downtown Grayslake-steps from dining, shopping, community events, and nightlife! Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers unmatched versatility. The main floor has been tastefully remodeled and features 1 spacious bedroom, a full bathroom with a shower, and convenient in-unit laundry. Perfect for a long-term tenant, an Airbnb option, or owner-occupancy. The second-floor unit is currently operating as a highly successful Airbnb. It offers a flexible floor plan with a kitchenette and a remodeled bathroom, giving guests a comfortable and modern experience. Property highlights include: New roof on the back of the house; main roof in great shape Updated HVAC system Separate gas and electric meters (can be converted to 2 gas meters) Newer electrical service and updated plumbing to the sidewalk Detached 1-car garage Basement with mechanicals and storage Fenced-in backyard with a brick paver patio-perfect for entertaining Enjoy front-row seats to parades, festivals, and all that downtown Grayslake has to offer. This is a truly unique opportunity to own a prime piece of real estate in a vibrant community. ****CLICK VIRTUAL TOUR TO VIEW THE AIR BNB****

Location

State IL

County Lake

Community Park, Pool, Lake, Sidewalks, Street Lights, Street Paved

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Lot Description Corner Lot

Foundation Other

Sewer Public Sewer

Water Public

Structure Type Cedar

New Construction false

Schools

School District 46, 46, 127

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Virtual Tour https://www.airbnb.com/rooms/36734821?adults=2&search_mode=regular_search&check_in=2025-09-20&check_out=2025-09-25&children=0&infants=0&pets=0&source_impression_id=p3_1758137849_P307roO5yRL-OYz3&previous_page_section_name=1000&federated_search_id=3cf0e5a6-99c3-4009-9df6-fa8587a7bc93&modal=PHOTO_TOUR_SCROLLABLE

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11 S Lake Street Grayslake, IL 60030