26198 Spring Grove Rd

Antioch, IL 60002

$895,000
Price
14
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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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.
  1. Listed by Michael Scanlon • eXp Realty
    P: (773)-630-9205 michael.scanlon@exprealty.com
  2. Listed by Steven Burke • eXp Realty
    P: (888)-574-9405 C: (630)-699-2526 Sburke0789@gmail.com;steven.burke@exprealty.com

Property Details for 26198 Spring Grove Road

Area
Antioch
Township
Antioch
Air Conditioning Type
Window Unit(s)
Num of Interior Fireplaces
1
Zoning
OTHER
LISTING UPDATED: 06/02/2026 10:50 AM

Property Details for 26198 Spring Grove Road

StatusActive
MLS #12644046
Days on Market22
Taxes$17,672 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1930
Lot Size0.46 AC / 19,820 SF
CountyLake County
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Location

Listing Courtesy of eXp Realty
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Building Information for 26198 Spring Grove Road

Stories2Residences8Year Built1930Building Size-Lot Size0.46 AC / 19,820 SF

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$5,933 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,460

Property Taxes

$1,473

HOA Dues

$0

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Property Information for 26198 Spring Grove Road

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: 2026-05-14T16:26:57
  • 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
May 14, 2026

Listed (Active)

MRED #12644046

$895,000—
Feb 16, 2018

Sold

MRED #09762497

$361,500—
Dec 2, 2017

Pending

MRED #09762497

—
DateEvent & SourcePrice
05/14/2026

Listed (Active)

MRED #12644046

$895,000
02/16/2018

Sold

MRED #09762497

$361,500
12/02/2017

Pending

MRED #09762497

—

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 Record2025$8,358 ($696 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStories2Lot Size9,836 SqFtStyleSingle Family ResidenceYear Built1930CountyLAKEAPN01-11-406-024

Schools near 26198 Spring Grove Road

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
W C Petty Elementary School
Public - K to 5
Antioch Upper Grade School
Public - 6 to 8
Antioch Community High School
Public - 9 to 12
Hillcrest Elementary School
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.

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More information about 26198 Spring Grove Road, Antioch, IL 60002

26198 Spring Grove Road is a multi-family home for sale in Antioch, IL 60002. This property was listed for sale on May 14, 2026 by eXp Realty, it's currently listed at $895,000. It has been on the market for a total of 22 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 06/02/2026 10:50 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.