27990 North Converse Road

Island Lake, IL 60042

$316,100
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Seller Financing Available!!! An excellent opportunity presents itself with multiple options for use! Currently a house with a separate office building and plenty of land, you can purchase to lease, to live and work and build, or as a land development! The property is in great condition and currently houses a music store and a residential tenant. Free standing office building includes showroom/reception area, two small offices in front, two bathrooms, 3 storage rooms that can be converted to office...Seller Financing Available!!! An excellent opportunity presents itself with multiple options for use! Currently a house with a separate office building and plenty of land, you can purchase to lease, to live and work and build, or as a land development! The property is in great condition and currently houses a music store and a residential tenant. Free standing office building includes showroom/reception area, two small offices in front, two bathrooms, 3 storage rooms that can be converted to office spaces, and one larger coworking space with separate exterior door. House has 2 bedrooms and 1.5 bathrooms and is 900 sf. Prime location one building away from 176 in the commercial zone, you are in excellent proximity to the other businesses in Island Lake. Neighboring property is also for sale and an option for a larger development opportunity. Parking lot can house approximately 12 cars.

Listing Agent

  1. Lisa Rabe

    Lisa Rabe

    Listing Agent

    Compass

    lisa.rabe@compass.com

    P: 847.477.7598

Property Details for 27990 North Converse Road

Area
Island Lake
Township
Wauconda
Zoning
COMMR

Location

Add your commute
LISTING UPDATED: 01/15/2024 01:01 PM

Property Details for 27990 North Converse Road

StatusActive
MLS #11958698
Days on Market201
Taxes$8,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1954
Lot Size0.56 AC / 24,394 SF
CountyLake County

Location

Add your commute

Building Information for 27990 North Converse Road

Stories-Residences2Year Built1954Lot Size0.56 AC / 24,394 SF

Payment Calculator

$2,398 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,725

Property Taxes

$673

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27990 North Converse Road

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: Public Road
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Estimated Tax/Sf: 1.1
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Flooring: Varies
  • # Of Washers: 1
  • Heat/Ventilation: Ceiling Units,Gas
  • # Of Refrigerators: 1
  • # Of Dryers: 1
  • # Of Disposals: 1
  • # Of Dishwashers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Misc Outside: Accessible Entrance,Patio
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 100X230
  • Lot Size Square Feet: 24394.0
  • Stories: 1
  • Exterior Building Type: Vinyl Siding, Brick, Cedar
  • Construction: Brick, Wood Frame
  • Fire Protection: Fire Extinguisher/s
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 2725
  • # Of Offices: 1
  • # Of Ranges: 1
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial, Office and Research
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 31
  • Estimated Cam/Sf: 2.2
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $128.00
  • Fuel Expense: $140.00
  • Gross Income: $.00
  • Gross Scheduled Income: $12,000.00
  • Insurance Expense: $193.00
  • Total Monthly Income: 1000
  • Water Expense Source: Combination
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $50.00
  • Water Sewer Expense: $83.00

Property History for 27990 North Converse Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 27990 North Converse Road

Taxable ValueLand$16,004Additions$81,985Total$97,989
Tax Record2023$8,997 ($750 / month)
Home Facts
Baths2.5Total Finished SqFt1,757 SqFtAbove Grade Finished SqFt1,757 SqFtStories1Lot Size24,394 SqFtStyleOffice BuildingYear Built1954CountyLAKEAPN09-28-100-020

Schools near 27990 North Converse Road

This home is within Wauconda Community Unit School District 118.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Cotton Creek School
PublicK 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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27990 North Converse Road is a mixed use property for sale in Island Lake, IL 60042. This property was listed for sale on January 9, 2024 by Compass, it's currently listed at $316,100. It has been on the market for a total of 201 days and was last sold on September 28, 2017. 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. 27990 North Converse Road is a 0-bed, 0-bath, mixed use property built in 1954.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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.