Active
14 beds
26198 Spring Grove Rd, Antioch, IL 60002
Est: $6,022/moGet pre-approved
Multi FamilyProperty Type
0.46 acresLot Size
1930Year Built

Description

This exceptional 8-unit multifamily property on Channel Lake offers stable in-place income, proven occupancy, and significant embedded upside through below-market rents and irreplaceable direct lakefront frontage. Situated on a quiet street with 140 feet of Lake Catherine shoreline, the asset provides long-term tenancy, conservative rent growth potential, and an attractive basis relative to both current cash flow and the underlying waterfront land value. The property features a thoughtfully configured...This exceptional 8-unit multifamily property on Channel Lake offers stable in-place income, proven occupancy, and significant embedded upside through below-market rents and irreplaceable direct lakefront frontage. Situated on a quiet street with 140 feet of Lake Catherine shoreline, the asset provides long-term tenancy, conservative rent growth potential, and an attractive basis relative to both current cash flow and the underlying waterfront land value. The property features a thoughtfully configured mix of units: 2 Three-Bedroom units, 2 Two-Bedroom units, 4 One-Bedroom units, including a charming standalone brick cottage A spacious backyard with mature trees creates a serene, picturesque setting for residents to enjoy. Tenant-Paid Utilities, all tenants are responsible for their own electric. Tenants contribute a set amount toward heat from November through April (the standalone brick cottage is responsible for both heat and electric). This rare lakefront multifamily asset combines reliable cash flow, strong tenant retention, and substantial future appreciation potential in one of Antioch's most desirable waterfront locations. Whether for an investor seeking portfolio stability or growth, this property represents a compelling opportunity in the Chicago-area market. Ideal for serious investors, contact us today for complete financials, rent roll, and a private showing.
39 days on Market
  • Listed by: Michael Scanlon 773.630.9205 michael.scanlon@exprealty.com • eXp Realty
  • Listed by: Steven Burke 888.574.9405 Sburke0789@gmail.com;steven.burke@exprealty.com • eXp Realty
Last updated: 08/25/2026 12:06 AM • Source: MRED as distributed by MLS GRID, MLS#: 12711070

Location

Listing Courtesy of eXp Realty
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$6,022 per month

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Property Information for 26198 Spring Grove Road

Property Details
  • Taxes: $17,672 / year
  • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
  • County: Lake County
  • Area: Antioch
  • Township: Antioch
  • Air Conditioning Type: Window Unit(s)
  • Num of Interior Fireplaces: 1
  • Zoning: OTHER
Building Information
  • Stories: 2
  • Residences: 8
  • Year Built: 1930
  • Lot Size: 0.46 AC / 19,820 SF
General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: County Road
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Type: Unfinished
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 6
  • # Of Refrigerators: 8
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 8.0
Exterior Features
  • Misc Outside: Balcony/ies,Fire Escape,Patio,Security Lighting,Storms and Screens (as exist)
Utilities / Equipment
  • Sewer: Septic Tank
  • Water: Well
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance,Other
  • Lot Dimensions: 140X187X74X188
  • Lot Size Square Feet: 19820.0
  • Stories: 2
  • Exterior Building Type: Stone, Wood, Vinyl Siding, Stucco
  • Construction: Stone, Wood, Vinyl Siding, Stucco
  • Roof Type: Composition
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Pitched
  • Foundation Details: Block
  • # Of Ranges: 8
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 3
  • Document Date: 2026-07-21T12:33:48
  • Photos Count: 20
Miscellaneous
  • Current Use: Legal Non Conforming, Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $2,278.00
  • Fuel Expense: $3,127.00
  • Gross Income: $108,300.00
  • Gross Scheduled Income: $105,360.00
  • Insurance Expense: $5,621.00
  • Maintenance Expense: $957.00
  • Expense Year: 2025
  • Janitor Expense: 0
  • Total Monthly Income: 8780
  • Net Operating Income: $75,355.00
  • Operating Expense: $32,945.00
  • Other Expense: $1,010.00
  • Trash Expense: $2,280.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 26198 Spring Grove Road

DateEvent & SourcePriceAppreciation
Aug 19, 2026

Listed (Active)

MRED #12711070

$895,000
Jul 29, 2026

Contingent

MRED #12711070

Jul 21, 2026

Cancelled

MRED #12644046

$895,000
DateEvent & SourcePrice
08/19/2026

Listed (Active)

MRED #12711070

$895,000
07/29/2026

Contingent

MRED #12711070

07/21/2026

Cancelled

MRED #12644046

$895,000

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

Public Records for 26198 Spring Grove Road

Taxable ValueLand$24,418Additions$72,154Total$96,572
Tax Record2024$8,358 ($696 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStories1Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated1930CountyLAKEAPN01-11-406-024

Schools near 26198 Spring Grove Road

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
W C Petty Elementary School
PublicK to 5

Antioch Upper Grade School
Public6 to 8

Antioch Community High School
Public9 to 12

Hillcrest Elementary School
PublicK to 5

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.

Similar Homes

26198 Spring Grove Road is a multi-family home for sale in Antioch, IL 60002. This property was listed for sale on July 21, 2026 by eXp Realty, it's currently listed at $895,000. It has been on the market for a total of 39 days and was last sold on February 16, 2018. This listing's school districts are Chsd 117 School District, Antioch Central Consolidated School District 34. Nearby schools include W C Petty Elementary School, Antioch Upper Grade School and Antioch Community High School. 26198 Spring Grove Road is a 14-bed, 8-bath multi-family home built in 1930.

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 eXp Realty

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 08/25/2026 12:06 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.