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117 Nippersink Rd
Fox Lake, IL 60020
Multifamily Property For Sale
·
5 Units
Executive Summary
117 Nippersink Rd is a fully furnished 5-unit lakefront rental property located directly on the serene shores of Nippersink Lake, part of the Chain O’ Lakes in northern Illinois.? The property has been operating as short-term rentals and is currently in the process of transitioning to long-term rentals, offering investors flexibility between hospitality-style income, stabilized residential income, or a hybrid rental strategy.?
The unit mix includes three spacious 2-bedroom units and two charming 1-bedroom units, each with a private entrance, open-concept layout, updated kitchen, and modern bath finishes.? Outdoor seating areas provide guests and residents with lakefront atmosphere, water views, and easy access to boating, fishing, and waterfront recreation.?
Located minutes from downtown Fox Lake, shopping, dining, and the Metra station, 117 Nippersink Rd offers a strong blend of lakefront lifestyle, rental demand, and convenience.? The property is also located just up the road from Fox Lake’s new lakefront park, adding significant nearby amenity value for residents and guests.?
Approx. 3,608 SF 5-unit lakefront rental property
Located directly on Nippersink Lake / Chain O’ Lakes
Fully furnished, plug-and-play investment opportunity
Unit mix: three 2-bedroom units and two 1-bedroom units
Each unit features private entrance, open layout, updated kitchen, and updated bath
Currently transitioning from short-term rentals to long-term rentals
Outdoor seating areas with lakefront atmosphere and water views
Minutes to downtown Fox Lake, dining, shopping, and Metra
Strong rental demand in a highly desirable lakefront setting
Can be purchased separately or together with adjacent 115 Nippersink Rd
The unit mix includes three spacious 2-bedroom units and two charming 1-bedroom units, each with a private entrance, open-concept layout, updated kitchen, and modern bath finishes.? Outdoor seating areas provide guests and residents with lakefront atmosphere, water views, and easy access to boating, fishing, and waterfront recreation.?
Located minutes from downtown Fox Lake, shopping, dining, and the Metra station, 117 Nippersink Rd offers a strong blend of lakefront lifestyle, rental demand, and convenience.? The property is also located just up the road from Fox Lake’s new lakefront park, adding significant nearby amenity value for residents and guests.?
Approx. 3,608 SF 5-unit lakefront rental property
Located directly on Nippersink Lake / Chain O’ Lakes
Fully furnished, plug-and-play investment opportunity
Unit mix: three 2-bedroom units and two 1-bedroom units
Each unit features private entrance, open layout, updated kitchen, and updated bath
Currently transitioning from short-term rentals to long-term rentals
Outdoor seating areas with lakefront atmosphere and water views
Minutes to downtown Fox Lake, dining, shopping, and Metra
Strong rental demand in a highly desirable lakefront setting
Can be purchased separately or together with adjacent 115 Nippersink Rd
Property Facts
| Price Per Unit | $149,838 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| No. Units | 5 | Building Size | 3,728 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1945 |
| Apartment Style | Low-Rise | ||
| Zoning | b-4 | ||
| Price Per Unit | $149,838 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 3,728 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Zoning | b-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 05-04-402-048 | Improvements Assessment | $163,933 CAD |
| Land Assessment | $62,885 CAD | Total Assessment | $226,819 CAD |
Property Taxes
Parcel Number
05-04-402-048
Land Assessment
$62,885 CAD
Improvements Assessment
$163,933 CAD
Total Assessment
$226,819 CAD
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