Active
1,241,460 Lot Size28.5 Acres

406 W Monaville Rd, Lake Villa, IL 60046

Est: $9,775/moGet pre-approved
LandProperty Type
28.5 acresLot Size

Description

Prime 28.5 acres in Lake Villa are ready for a development project. Previously under contract with a large developer who got village approvals for 70-80 2-story townhomes. Current zoning is for residential and the city is willing to work with the next developer to make this project happen. Rezoning can be done easily for whatever you are looking to do! Check the mockups for an incredible MULTI-FAMILY development, or a 100+ ASSISTED LIVING PROJECT, Townhomes, or anything else!Prime 28.5 acres in Lake Villa are ready for a development project. Previously under contract with a large developer who got village approvals for 70-80 2-story townhomes. Current zoning is for residential and the city is willing to work with the next developer to make this project happen. Rezoning can be done easily for whatever you are looking to do! Check the mockups for an incredible MULTI-FAMILY development, or a 100+ ASSISTED LIVING PROJECT, Townhomes, or anything else!
173 days on Market
  • Listed by: Bilal Hussain 224.616.9773 bilalaaare@gmail.com • Ellsbury Group LLC
Last updated: 05/24/2026 12:06 AM • Source: MRED as distributed by MLS GRID, MLS#: 12605954
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Location

Listing Courtesy of Ellsbury Group LLC
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$9,775 per month

30 year fixed, 7.03% Interest

Principal and Interest

$9,609

Property Taxes

$166

HOA Dues

$0

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Property Information for 406 West Monaville Road

Property Details

  • Taxes: $1,987 / year
  • MLS Type: Land
  • County: Lake County
  • Area: Lake Villa / Lindenhurst
  • Township: Lake Villa
  • Ownership: Fee Simple
  • Num Of Parking Spaces: 0.0
  • Zoning: SINGL

Building Information

  • Lot Size: 28.50 AC

General Information

School Information
  • Elementary School District: 41
  • High School District: 127
  • Middle Or Junior School District: 41
Location and General Information
  • Frontage Length: 1042
  • Frontage Type: City Street

Property Information

Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electricity Nearby, Natural Gas Nearby
Property/Lot Information
  • Lot Size: 25.0-99.99 Acres
  • Lot Dimensions: 4735.5
  • Approx Land Sq Footage: 1284125.0
  • Buildings on Land: No
  • Waterfront: No
  • General Information: Flood Zone (Partial)
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2026-03-31T15:57:57
  • Photos Count: 12
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Commercial
  • Road Surface: None
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 406 West Monaville Road

DateEvent & SourcePriceAppreciation
May 18, 2026

Listed (Active)

MRED #12605954

$1,800,000—
Oct 15, 2025

Sold (Public Record)

Public Record #1916759717

$220,000

-10.1% / yr

Oct 15, 2025

Sold

MRED #12193265

$220,000—
DateEvent & SourcePrice
05/18/2026

Listed (Active)

MRED #12605954

$1,800,000
10/15/2025

Sold (Public Record)

Public Record #1916759717

$220,000

-10.1% / yr

10/15/2025

Sold

MRED #12193265

$220,000

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

Public Records for 406 West Monaville Road

Taxable Value

Land

$24,093

Additions

$33
Total$24,126

Tax Record

2024

$1,987 ($166 / month)

Home Facts

Baths

1.5

Total Finished SqFt

2,561 SqFt

Above Grade Finished SqFt

2,561 SqFt

Stories

2

Lot Size

66,952 SqFt

Style

Farms

Year Built

1935

Year Renovated

1935

County

LAKE

APN

06-08-100-048

Schools near 406 West Monaville Road

This home is within Grant Chsd 124 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 5
Rating
School
Distance
Olive C Martin School
PublicPK to 5

Peter J Palombi School
Public6 to 8

Grant Community High School
Public9 to 12

Calvary Christian Center
PrivatePK 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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Acres

406 West Monaville Road is a 28.5 ac of land for sale in Lake Villa, IL 60046. This property was listed for sale on May 18, 2026 by Ellsbury Group LLC, it's currently listed at $1,800,000. It has been on the market for a total of 173 days and was last sold on October 15, 2025. This listing's school districts are Grant Chsd 124 School District, Lake Villa Central Consolidated School District 41. Nearby schools include Olive C Martin School, Peter J Palombi School and Grant Community High School. 406 West Monaville Road is a 0-bed, 0-bath 28.5 ac of land on a 1,241,460 sq. ft. / 28.5 acres lot.

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 Ellsbury Group LLC

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 05/24/2026 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.