116 E Monaville Road Lake Villa IL 60046 MLS #MRD12492112

MLS #MRD12492112 image #0
Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied. See floor plans for detailed layouts of both residences.

Property Details

Price:
$525,000
MLS #:
MRD12492112
Status:
Active Under Contract
Beds:
6
Baths:
3
Type:
Single Family
Neighborhood:
lakevillalindenhurst
Listed Date:
Oct 13, 2025
Finished Sq Ft:
4,754
Year Built:
1917
FarmhouseLake Villa / LindenhurstLakevillalindenhurstWilliam L Thompson SchoolPeter J Palombi SchoolGrayslake North High School

Schools

School District:
127
Elementary School:
William L Thompson School
Middle School:
Peter J Palombi School
High School:
Grayslake North High School

Interior

Appliances
Range, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
None
Heating
Natural Gas, Forced Air, Steam, Baseboard

Exterior

Architectural Style
Farmhouse
Construction Materials
Vinyl Siding
Other Structures
Guest House
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Asphalt

Financial

HOA Frequency
Not Applicable
HOA Includes
None
Tax Year
2024
Taxes
$5,415

Listing Agent & Office

Nikki Nielsen
Keller Williams North Shore West

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