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$550,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 117 Nippersink Rd
General
- Price: $550,000
- HOA FEE: $999
- Taxes: $13,620 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12631497
- Updated: 4/28/2026
- Added to Site: 1 day(s) ago
Location
- Area: Fox Lake
- County: Lake
- Driving Directions: S on Rt 12, E on Oak St, N on Forest, W on Nippersink
Heating & Cooling
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 999
Structural Information
- Stories/Levels: 2
- Year Built: 1945
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.38
- Lot Dimensions: 50 x 232 x 74 x 217 x 14
- Zoning: COMMR
Financial Considerations
- Maint. Fee: $999
- Insurance Fee: $999
- Operating Expenses: $999
- Other Fee: $999
- Assessment Year: 1945
- Tax Amount: $13,620
- Tax Year: 2025
- Pays Electric: 999
- Pays Trash: 999
Disclosures and Reports
- Property ID: 5044020480000
Listed by RE/MAX Suburban
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Schools
Schools serving 117 Nippersink Rd
School Districts:Fox Lake Grade School District 114, Grant Community High School District 124
| Name | Grades | Distance |
|---|---|---|
Stanton School 101 Hawthorne Lane, Fox Lake, IL 60020 | 5-8 | 1.3 mi |
Lotus School 29067 W Grass Lake Rd, Spring Grove, IL 60081 | PK-4 | 1.8 mi |
Grant Community High School 285 East Grand Avenue, Fox Lake, IL 60020 | 9-12 | 1.3 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 117 Nippersink Rd
Date
Details
Price
Change
Source
4/28/2026
Listed
$550,000
—
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 117 Nippersink Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
100%
2023
100%
100%
2022
100%
100%
2021
-100%
100%
2020
$313
—
-100%
2019
$313
-79%
$11,366
-26%
2018
$1,514
5%
$15,453
8%
2017
$1,448
-1%
$14,283
9%
2016
$1,462
5%
$13,063
7%
2015
$1,394
-17%
$12,190
—
2014
$1,685
3%
$12,190
-17%
2013
$1,640
9%
$14,754
-5%
2012
$1,498
—
$15,463
—
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 117 Nippersink Rd
117 Nippersink Road, Fox Lake, IL 60020 (MLS# 12631497) is a Commercial property. 117 Nippersink Road is currently listed for $550,000 and was received on April 28, 2026. Want to learn more about 117 Nippersink Road? Do you have questions about finding other Commercial real estate for sale in Fox Lake? You can browse all Fox Lake real estate or contact a Coldwell Banker agent to request more information.

