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31 S Pistakee Lake Rd
Fox Lake, IL 60020
Waterfront Property 31 S. Pistakee Lake Rd · Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,200 SF |
| Property Subtype | No. Stories | 2 | |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2015 |
| Building Class | C |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2015 |
Amenities
Site Amenities
- Waterfront
- Dock
- Lake Access
About 31 S PISTAKEE LAKE RD , FOX LAKE, IL 60020
Essex Realty Group, Inc. has been exclusively engaged to market for sale 31 S. Pistakee Lake Rd, a nine (9) unit waterfront property in the Chicagoland suburb of Fox Lake. Nestled on the shores of Pistakee Lake, the unit mix consists of nine (9) 1Bd/1Ba units and one (1) in-law 2Bd/2Ba unit, which has the potential to provide additional income (Essex Realty Group has not verified the legal conformity of this unit). Current ownership has recently completed several capital improvements to the Property, including eight (8) rehabbed units, new concrete decking and walkways, steel staircases, asphalt parking lot as well as new soffits, fascia, and gutters. The Property also features a newly constructed marina with three (3) steel boat slips that can each house two boats. Additionally, current ownership recently dredged the marina seven feet to accommodate increased boat traffic. A new owner may be able to generate $2,000/season/boat during summer months as slip space is in high demand, potentially adding $12,000/year in gross income. Seven of the nine units are currently vacant; however, all units are in rent-ready condition and available for immediate move-in (see enclosed photos).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 650 |
Property Taxes
| Parcel Number | 05-09-222-009 | Improvements Assessment | $0 |
| Land Assessment | $22,863 | Total Assessment | $22,863 |
Property Taxes
