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Listing provided courtesy of RE/MAX SuburbanMREDas Distributed by MLSGrid- MLS# 12685454MLS Provider

27717 W Grass Lake DriveSpring Grove, IL 60081

Multi-Family · 5 Beds · 1.13 Acres
$749,900 Active

27717 W Grass Lake Drive Overview

Time on Site:
7 days
Visits:
0

Rare turnkey waterfront compound on Grass Lake (Fox Chain O'Lakes) - three fully furnished, income-producing short-term-rental units that sleep up to 12, two of them Airbnb Guest Favorites. About 131' of private walk-in sand beach (uncommon on the Chain) on ~1.1 acres, with a private pier, gazebo, firepit patio, RV/boat storage and canoe/kayak access. Seller-provided 2025 Airbnb total ~$60,423 (+25 YoY) with clear room to grow. Four full baths plus a bonus room take it to up to 5 BR / 4 BA, and a former legal, conforming 4th-cottage site offers rebuild potential (verify). Live in one unit and rent the others, run it as an STR, hold as a family compound, or expand. About 50-60 miles NW of Chicago near Blarney Island and Chain O'Lakes State Park. Offering memorandum available. All information seller-provided and deemed reliable but not guaranteed; buyer to verify.

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27717 W Grass Lake Drive Facts & Features

  • Type Multi-Family
  • Lot 1.13 Acres

Details

General

School Information

  • School District: 124
  • Elementary School: Lotus
  • High School: Grant Community High School

Building Information

  • New Construction: No
  • Year Built: 1961

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Spring Grove
  • Township: Antioch

Tax Information

  • Tax Annual Amount: $12,918.00
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 01273000240000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 4
  • Bedrooms Possible: 4
  • Full Baths Building: 4

General Information

  • Basement: None
  • Heating: Natural Gas
  • Rooms Total: 7

Exterior

Parking Information

  • Parking Features: Yes
  • Parking Total: 12

Lot Information

  • Lot Features: Wooded, Rear of Lot
  • Lot Size Acres: 1.13
  • Lot Size Dimensions: 25X645X131X623
  • Water Source: Well

Waterfront/View

  • Waterfront: Yes

Building Exterior/Construction

  • Construction Materials: Aluminum Siding

General Information

  • Exterior Features: Boat Slip, Fire Pit
  • Other Structures: Shed(s),Boat Dock,Cabana
  • Sewer: Public Sewer
  • Utilities: Cable Available

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 0
  • Beds Total: 1
  • Baths Total: 1

27717 W Grass Lake Drive Neighborhood

Community

60081 (SPRING GROVE) Demographics

44
Median Age
531
Population Density (per sq. mile)
42%
College Educated
$101,922
Estimated Median Income
2,958
Estimated Total Home Owners
333
Estimated Total Renters
90% / 10%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

27717 W Grass Lake Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

27717 W Grass Lake Drive Market Data

Based on the last 30 days in this zip code

$563,737
Average List Price
$212
Average Price per Square Foot
8
Properties Sold
55
Average Days on Market
37
Properties for Sale
Calculations provided by Reliance Network

27717 W Grass Lake Drive History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/23/2026Source: MRED Added to Database
June 23, 2026