27717 W GRASS LAKE DR SPRING GROVE IL 60081-9164
Grass Lake Waterfront STR Compound — Proven Income, Documented Growth, Redevelopment Upside
Marketing description
Grass Lake Waterfront STR Compound — Proven Income, Documented Growth, Redevelopment Upside
A three-unit furnished short-term rental compound on premier Chain O'Lakes frontage, offering in-place cash flow with multiple expansion levers. The property comprises three independently rented units — one 2-bedroom and two 1-bedroom — on approximately 1.13 acres with roughly 131 feet of private sand-beach frontage, plus sand beach, covered gazebo, paver patio with firepit, private pier, and ample parking.
Full Details: jasoncre.com/the-lake-heim/
Investment highlights
Performance: 2025 Airbnb gross earnings of approximately $60,423, up roughly 25% from 2024 on seller-provided records, generated across approximately 393 booked nights. Two of three units hold Airbnb "Guest Favorite" status. That night count sits well below stabilized occupancy for comparable Chain frontage, framing the core thesis: a performing asset trading on trailing actuals with a defined path to higher stabilized revenue through occupancy growth, dynamic pricing, multi-platform distribution, and shoulder-season programming.
Value-add and optionality: rebuild potential on the site of a former legal, conforming fourth cottage (subject to verification and municipal approval); owner-user flexibility (occupy the premium 2-bedroom unit, rent two); and a multi-generational compound use case. The combination of documented STR income and irreplaceable lakefront is rare on the Chain.
Suited to short-term rental operators, lakefront investors, owner-users, and 1031 buyers seeking income plus lifestyle. Seller-provided financials to be verified by buyer in due diligence.
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