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Joseph Mullane

info@joemullane.com +1(847) 845-9672

$ 850,000

Est. payment | -/mo

9 Beds

6 Baths

Save

$ 850,000

Est. payment | -/mo

Save

9 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12756065

Bedrooms 9

Year Built 1945

Annual Tax Amount $9,760

Tax Year 2025

Lot Dimensions 11863

Property Sub-Type Two to Four Units

Property Description

Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.

Location

State IL

County Mchenry

Area Island Lake

Rooms

Basement Finished, Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 1.0

Roof Type Asphalt

Building

Lot Description Corner Lot

Dwelling Type Two to Four Units

Building Description Brick,Block, No

Sewer Public Sewer

Water Public

Structure Type Brick,Block

New Construction false

Schools

School District 118 , 118, 118

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Kelly Vance of Century 21 Integra

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(847) 845-9672

info@joemullane.com

106 W State RD Island Lake, IL 60042