Active
9 beds
106 W State Rd, Island Lake, IL 60042
Est: $5,206/moGet pre-approved
Multi FamilyProperty Type
0.27 acresLot Size
1945Year Built
15 carsParking Spaces

Description

Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an...Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.
1 day on Market
  • Listed by: Kelly Vance 815.382.4841 kelly@kkrealestateteam.com;kellyvancehomes@gmail.com • Century 21 Integra
Last updated: 09/11/2026 07:32 AM • Source: MRED as distributed by MLS GRID, MLS#: 12756065

Location

Listing Courtesy of Century 21 Integra
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$5,206 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,392

Property Taxes

$813

HOA Dues

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Property Information for 106 West State Road

Property Details
  • Taxes: $9,760 / year
  • MLS Type: Two to Four Units / 4 Flat
  • Area: Island Lake
  • Township: Nunda
  • Ownership: Fee Simple
  • Num Of Garage Spaces: 1.0
  • Parking Included in Price: Yes
  • Heat/Fuel: Natural Gas
Building Information
  • Residences: 4
  • Year Built: 1945
  • Lot Size: 0.27 AC / 11,863 SF
General Information
School Information
  • Elementary School District: 118
  • High School District: 118
  • Middle Or Junior School District: 118
Addtl Parking Information
  • Parking Details: Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned
Property Information
Interior Features
  • Num Of Rooms: 27
  • Bedrooms Total: 9
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Walk-Out Access
  • Bedrooms Possible: 9
  • Basement Bathrooms: No
  • # Full Baths in Building: 5
  • # Half Baths in Building: 1
  • Num of Baths: 5.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 81-90 Years
  • Lot Description: Corner Lot
  • Lot Size: .25-.49 Acre
  • Lot Size Source: County Records
  • Lot Dimensions: 11863
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick, Block
  • Construction: Brick, Block
  • Roof Type: Asphalt
  • Foundation Details: Block, Concrete Perimeter
  • General Information: Interstate Access
  • 3 Br Un In Bldg: Yes
  • Flood Zone: No
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2026-09-11T12:27:36
  • Photos Count: 63
  • Habitable Residence: Yes
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Insurance Expense: $238.00
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Trash Expense: $93.00
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 7/27
Unit 2
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 02/27
Unit 3
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/27
Unit 4
  • Unit Type Actual Rent: $1,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 07/27

Property History for 106 West State Road

DateEvent & SourcePriceAppreciation
Oct 10, 2018

Sold (Public Record)

Public Record #633864553

$185,644
DateEvent & SourcePrice
10/10/2018

Sold (Public Record)

Public Record #633864553

$185,644

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 106 West State Road

Taxable ValueLand$22,040Additions$90,128Total$112,168
Tax Record2024$8,851 ($738 / month)
Home Facts
Total Finished SqFt4,076 SqFtAbove Grade Finished SqFt4,076 SqFtStories2Lot Size11,326 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945CountyMCHENRYAPN15-20-477-020

Schools near 106 West State Road

This home is within Wauconda Community Unit School District 118.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Cotton Creek School
PublicPK to 5

Matthews Middle School
Public6 to 8

Wauconda High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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106 West State Road is a multi-family home for sale in Island Lake, IL 60042. This property was listed for sale on September 11, 2026 by Century 21 Integra, it's currently listed at $850,000. It has been on the market for a total of 1 days and was last sold on October 10, 2018. This listing's school district is Wauconda Community Unit School District 118. Nearby schools include Cotton Creek School, Matthews Middle School and Wauconda High School. 106 West State Road is a 9-bed, 6-bath multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Integra

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 09/11/2026 07:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.