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$249,000 Just Listed
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Property Description
REHAB OPPORTUNITY! GREAT FOR RENOVATION BUYER OR INVESTOR! PRIME LOCATION NEAR BEACH! Unbeatable location meets an incredible equity-building opportunity! Sitting just minutes from beach and downtown Crystal Lake shopping, dining, and the Metra, this 1733 sq ft center-entry home boasts curb appeal with a 2.5-car garage with a loft. Bring your contractors and design ideas. The interior features a traditional layout that is ready for your ideas and updates. Roof 25+ | Hot Water Heater 1996 | Furnace unknown | Refrigerator 10+ | Microwave 5+ | Oven/range 5+ | Dishwasher 7+ | Washer/dryer 15+. Home improvement needs include new roof, full HVAC replacement, new windows, etc. Carpet throughout ready for replacement or flooring updates. This home has so much future potential. Price reflects required work. No repair credits, price reductions, or modifications will be entertained after an offer is accepted. Schedule a showing today and capitalize on the neighborhood value! The property has deferred maintenance and is being sold strictly AS-IS. MULTIPLE OFFERS HAVE BEEN RECEIVED. SELLERS ASK FOR HIGHEST & BEST OFFERS DUE BUT SUNDAY 8PM. DECISION WILL BE MADE BY MONDAY 12NOON. THANK YOU
Full Property Details
Full Property Details for 531 Lake St
General
- Price: $249,000
- Taxes: $2,990 (2025)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12720614
- Updated: 8/1/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Unfinished
- Interior Features: Separate Dining Room
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Wood-Burning
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
- Bathroom Features: Separate Shower, Double Sink, Soaking Tub
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Asphalt, Garage Door Opener, Garage, Yes, Garage Owned, Attached
Location
- Area: Crystal Lake / Lakewood / Prairie Grove
- County: McHenry
- Township: McHenry
- Driving Directions: Route 14 (Virginia St) to Dole Ave to Lake Street to HOME
School Information
- School District: 47
- Elem School District: 47
- Midd School District: 47
- High School District: 155
- Elementary School: South Elementary School
- Middle School: Richard F Bernotas Middle School
- High School: Crystal Lake Central High School
- Private School: Crystal Lake Central High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Siding
- Exterior Const.: Wood Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Windows: Drapes
- Square Feet: 1,733
- Sq. Ft. Source: Plans
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 66 x 87
Financial Considerations
- Parking Included: Yes
- Tax Amount: $2,990
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1906255009
Listed by Baird & Warner
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Schools
Schools serving 531 Lake St
School Districts:Crystal Lake Community Consolidated School District 47, Community High School District 155
| Name | Grades | Distance |
|---|---|---|
South Elementary School, Crystal Lake, IL 601 Golf Road, Crystal Lake, IL 60014 | K-5 | 0.5 mi |
Richard F Bernotas Middle School 170 North Oak Street, Crystal Lake, IL 60014 | 6-8 | 0.8 mi |
Crystal Lake Central High School 45 West Franklin Street, Crystal Lake, IL 60014 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 531 Lake St
Date
Details
Price
Change
Source
7/31/2026
Listed
$249,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 531 Lake St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,149
-8%
$98,693
12%
2023
$3,425
100%
$88,269
7%
2022
-100%
$82,688
7%
2021
$4,075
—
$77,034
4%
2021
$4,075
-3%
$74,307
4%
2019
$4,213
-8%
$71,121
12%
2017
$4,555
6%
$63,480
-6%
2018
$4,298
-10%
$67,384
13%
2016
$4,759
-5%
$59,539
7%
2015
$5,008
-2%
$55,842
5%
2014
$5,129
-1%
$53,198
-4%
2013
$5,156
-1%
$55,542
-6%
2012
$5,213
—
$59,207
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 531 Lake St
531 Lake Street, Crystal Lake, IL 60014 (MLS# 12720614) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 531 Lake Street is currently listed for $249,000 and was received on July 31, 2026. Want to learn more about 531 Lake Street? Do you have questions about finding other Single Family real estate for sale in Crystal Lake? You can browse all Crystal Lake real estate or contact a Coldwell Banker agent to request more information.

