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137 Arthur Ave - The Aquarium Tavern 8 Unit Apartment Building Offered at $579,000 Fox Lake, IL 60020
Investment Highlights
- Beautiful sunset lakeviews
- Currently vacant and new permits will need to be applied for
- Former tavern with small kitchen and gaming machines
Executive Summary
Lakefront investment opportunity! Three completely vacant buildings on Nippersink Lake, part of the Chain-o-Lakes. Includes a 2,400 SF tavern that used to have gaming machines and 7 residential rental units. 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 | $579,000 | Building Size | 4,400 SF |
| Price Per Unit | $72,375 | Average Occupancy | 0% |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Distress Sale | Year Built/Renovated | 1960/2001 |
| No. Units | 8 | Cross Streets | Cathryn |
| Property Type | Multifamily | ||
| Zoning | B4 - Resort type zoning which allows taverns and rental housing | ||
| Price | $579,000 |
| Price Per Unit | $72,375 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 4,400 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2001 |
| Cross Streets | Cathryn |
| Zoning | B4 - Resort type zoning which allows taverns and rental housing |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
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137 Arthur Ave - The Aquarium Tavern
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