

Listed by RE/MAX Suburban
$550,000
117 Nippersink Road
Details
APN 05044020480000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 5
NOI $999
Year Built 1945
Stories 2
Acreage 0.380
Zoning COMMR
Multifamily | 5 Units
Marketing description
117 Nippersink Rd is a fully furnished 5-unit lakefront rental property located directly on the serene shores of Nippersink Lake, part of the Chain O' Lakes in northern Illinois. The property has been operating as short-term rentals and is currently in the process of transitioning to long-term rentals, offering investors flexibility between hospitality-style income, stabilized residential income, or a hybrid rental strategy. The unit mix includes three spacious 2-bedroom units and two charming 1-bedroom units, each with a private entrance, open-concept layout, updated kitchen, and modern bath finishes. Outdoor seating areas provide guests and residents with lakefront atmosphere, water views, and easy access to boating, fishing, and waterfront recreation. Located minutes from downtown Fox Lake, shopping, dining, and the Metra station, 117 Nippersink Rd offers a strong blend of lakefront lifestyle, rental demand, and convenience. The property is also located just up the road from Fox Lake's new lakefront park, adding significant nearby amenity value for residents and guests.
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Listed by RE/MAX Suburban
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$999.00
$83.25/mo
Valuation Metrics
0
DSCR
0.18%
Cap Rate
0.18%
ROI
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