Lake, US
Discover a rare and time-sensitive opportunity to own a beautifully maintained 5-unit lakefront property on the serene shores of Nippersink Lake, part of the Chain O'Lakes in northern Illinois. Whether you're seeking a turn-key investment, a multi-family getaway, or the perfect blend of both, properties like this rarely come to market and offer exceptional long-term potential. Currently operating as short-term rentals under a special use permit from Lake County, this lakefront gem features five units, each with a private entrance and open-concept layout, modern kitchens, and updated baths. Three spacious 2-bedroom units are ideal for year-round living or high-performing premium rentals, while two charming 1-bedroom units provide cozy weekend retreats with warm interiors, rustic charm, and contemporary finishes. Offered fully furnished, this is a true plug-and-play investment. Outdoor seating areas invite guests to relax and enjoy panoramic lake views, while boating, fishing, and watersports are just a few doors away. Just up the road, the brand-new Lakefront Park - Fox Lake opens Memorial Day weekend and features an ADA-compliant pier and boardwalk, pickleball courts, splash pads, a sand beach, and fishing access. The park will also host Friday Night Live Concerts beginning June 6, 2025, adding even more appeal for residents and guests alike. Located minutes from downtown Fox Lake, shopping, dining, and the Metra station, this property offers the perfect balance of tranquility and convenience. With strong rental demand and an unbeatable lakefront setting, this is a smart investment in a highly sought-after community-one you won't want to miss. Property is being offered as-is, where is.
Courtesy Of: Hearth & Home Real Estate LLC
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 01/08/2026
Exterior Features and Amenities
- Lot Size Dimensions:
- 1x1x1x1x1
Financial
- Days On Market:
- 7
- Tax Annual Amount:
- $13,620.00
- Tax Year:
- 2024
Directions
From Route 12: Turn right onto W Oak St Turn left onto Forest Ave Turn left onto Nippersink Blvd Property will be on the left.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-01-16.
Copyright 2026 MRED LLC
