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32895991
32895887

117 Nippersink Road, Fox Lake, IL 60020

JB
IL IL475170841
RE/MAX Suburban
Listed by RE/MAX Suburban
$550,000
37 days on market
Updated 11 days ago

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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Listing Contacts

JB
IL IL475170841
RE/MAX Suburban
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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Additional Information

Name
Jason Bitton
License
IL475170841
Brokerage
RE/MAX Commercial
Brokerage Phone
8478582909
Title
Real Estate Broker
Brokerage Address
1344 South Milwaukee Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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