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The Aquarium Tavern 137-139 Arthur Ave 8 Unit Apartment Building $807,352 CAD ($100,919 CAD/Unit) Fox Lake, IL 60020
Investment Highlights
- Property is situated at the intersection of Arthur Avenue and Cathryn, providing identifiable positioning within the local area.
- Area supports a mix of residential and/or commercial uses, enhancing long-term flexibility.
- Location offers convenient access to surrounding neighborhoods and nearby commercial corridors.
- Accessible to local amenities including retail, services, and community infrastructure.
Executive Summary
Lakefront investment opportunity! Three completely vacant buildings on Nipper sink Lake, part of the Chain-o-Lakes. Includes a 2,400 SF tavern that used to have gaming machines and 7 residential rental units- possible short-term rentals subject to village approval. The property needs a lot of work, but has lots of potential, too! There is a road easement for Arthur Avenue that runs through the property.
Property Facts
| Price | $807,352 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $100,919 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Sale Condition | Distress Sale | Building Size | 4,400 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2001 |
| Property Subtype | Apartment | Parking Ratio | 1.36/1,000 SF |
| Zoning | B4 - Commercial | ||
| Price | $807,352 CAD |
| Price Per Unit | $100,919 CAD |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2001 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | B4 - Commercial |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 05-03-306-001 | Improvements Assessment | $187,513 CAD |
| Land Assessment | $27,889 CAD | Total Assessment | $215,402 CAD |
Property Taxes
Parcel Number
05-03-306-001
Land Assessment
$27,889 CAD
Improvements Assessment
$187,513 CAD
Total Assessment
$215,402 CAD
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The Aquarium Tavern | 137-139 Arthur Ave
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