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$400,000
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Property Description
"Incredible turn-key investment or owner-occupied opportunity in the heart of Gurnee! This meticulously maintained 2-unit property has been completely transformed with nearly every major system updated for maximum efficiency and zero stress. **Unmatched Mechanicals & Exterior:** * **Zero Owner Utility Expense:** Both units feature **completely separate utilities** (Gas, Electric, and Water/Sewer). **Tenants pay for all utilities-the owner pays nothing.** * **Brand New (2026):** Two 95% high-efficiency furnaces ensuring ultra-low utility costs for tenants. * **Newer (2018/2019):** Full roof replacement on both the house and garage (2018), all-new energy-efficient windows throughout (2019), and added insulation in the attic on both sides. * **Systems:** Both units feature central air and have been fully and correctly rewired. **Modernized Interiors:** * **Unit 1:** Rehabbed in 2024 with a stylish new kitchen and modern bathroom. * **Unit 2:** Freshly updated in 2018 with a brand-new kitchen and bathroom. **Prime Location & Conveniences:** Complete with a detached 2-car garage featuring newer openers (2018). You are perfectly positioned for entertainment and convenience-just minutes from **Six Flags Great America**, the **American Place Casino**, and the massive shopping and dining district at **Gurnee Mills**. Quick access to I-94 makes commuting a breeze. Current rents have significant room for growth to meet market demand, providing immediate upside for the savvy investor. Truly a 'set it and forget it' property-**with all utilities separated and tenant-paid**, this is the perfect high-performance gem for adding to a portfolio or living in one unit while the other pays your mortgage. Don't miss out!"
Full Property Details
Full Property Details for 3855 Grand Ave
General
- Sold For: $400,000
- Taxes: $6,916 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12606141
Rooms
Bathrooms
- Total Bathrooms: 2
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 10
- Parking Features: Yes, Garage Owned, Detached, Off-Street, Driveway, Owned, Garage
Location
- Area: Gurnee
- County: Lake
- Driving Directions: Drive east on grand. Last property on the right before you get to 41
School Information
- School District: 56
- Midd School District: 56
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan, Public
Structural Information
- Architectural Style: Ranch
- Construction: Aluminum Siding
- Exterior Const.: Aluminum Siding
- Basement Desc.: Unfinished, Full
- Year Built: 1952
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.24
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 76 x 137
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1952
- Tax Amount: $6,916.6
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 7241060210000
Listed by Core Realty & Investments Inc.
Sold by My Casa Realty Corp.
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Schools
Schools serving 3855 Grand Ave
School Districts:Gurnee School District 56, Warren Township High School District 121
| Name | Grades | Distance |
|---|---|---|
River Trail School, Gurnee, IL 333 N Oplaine Rd, Gurnee, IL 60031 | K-8 | 0.9 mi |
Spaulding Elementary School 2000 Belle Plaine Avenue, Gurnee, IL 60031 | PK-2 | 1.3 mi |
Prairie Trail School 13600 West Wadsworth Road, Wadsworth, IL 60083 | 3-5 | 4.4 mi |
Viking School 4460 Old Grand Avenue, Gurnee, IL 60031 | 6-8 | 0.9 mi |
Warren Township High School 34090 N Almond Rd, Gurnee, IL 60031 | 9-12 | 4.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
3855 Grand Avenue, Gurnee, IL 60031 (MLS# 12606141) is a Multi-Family property that was sold at $400,000 on June 26, 2026. Want to learn more about 3855 Grand Avenue? Do you have questions about finding other Multi-Family real estate for sale in Gurnee? You can browse all Gurnee real estate or contact a Coldwell Banker agent to request more information.

