Contact us: 563.441.1776
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 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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Lake
Listed By:
eXp Realty
888-574-9405
MRED MLS
MLS ID: 12711070
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26198 W Spring Grove Road, Antioch, IL 60002.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $895,000 | $895,000 | $895,000 |
| Down Payment | $179,000 | $31,325 | $223,750 |
| Monthly Mortgage Amount | $4,526 | $5,483 | $5,619 |
| Taxes | $1246 | $1246 | $1246 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $537 | $0 |
| Monthly Estimated Total | $6,033 | $7,526 | $7,126 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/01/2026. The listing information on this page last changed on 08/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 08/01/2026 12:29:56 AM EST) or MRED MLS (last updated Sat 08/01/2026 12:26:00 AM EST) or SCWMLS (last updated Fri 07/31/2026 11:54:49 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 07/31/2026 10:24:06 PM EST) or Cedar Rapids MLS (last updated Fri 07/31/2026 10:45:27 PM EST) or NEIRBR MLS (last updated Sat 08/01/2026 12:28:42 AM EST) or ICAAR MLS (last updated Fri 07/31/2026 11:37:32 PM EST) or ECIMLS (last updated Fri 07/31/2026 11:44:33 PM EST) or RMLSA (last updated Sat 08/01/2026 12:20:58 AM EST) or Muscatine MLS (last updated Sat 08/01/2026 12:15:10 AM EST) or No Coast MLS (last updated Sat 08/01/2026 12:24:24 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
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