172 Forest Ave, Fox Lake, IL

Name: 172 Forest Ave, Sold in Fox Lake - eXp Realty
Brand: Compass
SKU: 11848613
Price: 200000 USD

Real Estate

Sold

Listed price in listed location currency (USD).

$192,500

$200,000

324

MLS® 11848613

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage No

Taxes $2,925

Lot Size

Approx. Age 1978

MLS® Number 11848613

Property Address: 172 Forest Ave, Fox Lake, IL, 60020-1338

Average square foot calculated using Size range provided by listing agent.

Description

This charming 2-flat offers many possibilities for homeowners and investors alike. With two separate units, you can rent one and live in the other or rent both for a great return on investment. One of the highlights of this property is its picturesque hillside setting, providing breathtaking views of Fox Lake, especially from the private deck. Important updates to the property have been made. The dual furnace is just five years old. In addition, each unit has the convenience of in-unit laundry. The deck, driveway, fence, exterior stairs, and lower-level laundry have all been recently upgraded. The location of this property is truly unbeatable. Situated close to the commuter rail, it offers easy access for commuters and travelers. Moreover, you'll find Lakefront Park just a stone's throw away. This upcoming development promises many amenities, including a boardwalk, municipal piers, an amphitheater, a playground, and a splash pad, ensuring a vibrant and active lifestyle for residents. While Fam's On The Chain may be temporarily closed for renovations, it presents an exciting prospect for future businesses in the area, adding even more value to the community. Additionally, El Puerto Mexican Restaurant, with its lakeside charm. Fitness enthusiasts will appreciate the convenience of Aira Fitness Private Studio on Fox Lake, a private gym accessible 24/7, perfect for maintaining a healthy lifestyle without leaving the neighborhood. Investment-wise, the rents collected for this building are $1, 300 for the upstairs unit and $1, 100 for the downstairs unit. Additionally, the landlord pays for electrical, gas, and water/sewer/refuse, making managing and budgeting the expenses easier. This property is not just a home; it's an opportunity waiting to be seized. Don't miss out on your chance to enter the real estate investment business or find your perfect living space in a prime location with stunning lake views. Schedule a viewing today!

MLS® Number11848613

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age1978

BasementFull

DrivewayDriveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

Aug 15, 2023End Date

$192,500Sold Price

Sold

Sep 15, 2023List Date

$200,000List Price

Commute

Commute

Starting Address

Destination Address

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