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$369,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,594 Sq. Ft.
  • 2.5 Car Garage
  • Updated 6 hours ago
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Rare opportunity to own a beautifully updated, private channel-front home with access to Island Lake! Welcome to 402 Channel, a distinctive 2-bedroom, 2-bath ranch offering a unique combination of modern finishes, character, and waterfront living. Step inside to discover a spacious and inviting interior featuring beautiful flooring, recessed lighting, custom wood accent walls, and an open layout perfect for everyday living and entertaining. The expansive living and family room areas offer plenty of natural light, a sleek wall-mounted fireplace, and sliding glass doors leading to the outdoor patio. The beautifully updated kitchen is a true standout, featuring dark cabinetry, stunning live-edge wood countertops, stainless steel appliances, and plenty of cabinet and counter space. Both bathrooms have been tastefully updated, including a beautifully designed bathroom featuring a spacious walk-in shower with rainfall showerheads, custom tilework, and a modern floating vanity. A dedicated laundry area adds everyday convenience. Outside is where this property truly shines! Surrounded by beautifully landscaped Japanese-inspired gardens, mature trees, decorative brick and stonework, bamboo accents, and charming outdoor spaces, this property offers a peaceful and private retreat. Enjoy the channel-front setting with your own private dock, perfect for launching a kayak, canoe, or trolling-motor fishing boat and exploring Island Lake. The property also features an attached oversized garage and beautifully designed brick-paver driveway. Additional improvements include a newer roof, newer boiler, and new HVAC system. Residents can enjoy access to private neighborhood beaches and year-round outdoor activities, including kayaking, fishing, and ice fishing. Whether you're looking for a peaceful waterfront retreat or a unique place to call home, this one-of-a-kind property has so much to offer.

Full Property Details for 402 Channel Dr

General

  • Price: $369,900
  • Taxes: $5,590 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12780527

Rental Information

  • Complex Features: Lake

Interior

  • Basement: None
  • Interior Features: Built-in Features
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room, Electric
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bathroom Features: Separate Shower

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2.5
  • Total Spaces: 2
  • Parking Features: Brick Driveway, Garage Door Opener, Yes, Garage Owned, Attached, Garage

Location

  • Area: Island Lake
  • County: Lake
  • Township: Wauconda
  • Subdivision: Island Lake Estates
  • Driving Directions: Rt 176 to Lakeview, N to Channel, right to 402 (on left)

School Information

  • School District: 118
  • Elem School District: 118
  • Midd School District: 118
  • High School District: 118
  • Elementary School: Cotton Creek School
  • Middle School: Matthews Middle School
  • High School: Wauconda Community High School
  • Private School: Wauconda Community High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Natural Gas, Steam

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Step Ranch
  • Architectural Style: Step Ranch
  • Model: Raised Ranch
  • Construction: Frame
  • Exterior Const.: Frame
  • Basement Desc.: None
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Windows: Skylight(s)
  • Square Feet: 1,594
  • Sq. Ft. Source: Assessor
  • Year Built: 1952
  • Built Before 1978: Yes

Manufactured Home

  • Model: Raised Ranch

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 60 x 156
  • Lot Features: Channel Front

Water Features

  • Water Front: Yes
  • Water Front View: Back of Property

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1952
  • Tax Amount: $5,590
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 9211030340000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 402 Channel Dr —

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Schools serving 402 Channel Dr

School District:Wauconda Community Unit School District 118
NameGradesDistance
Cotton Creek School
545 Newport Court, Island Lake, IL 60042
K-50.8 mi
Matthews Middle School
PO Box 920, Island Lake, IL 60042
6-80.6 mi
Wauconda High School
555 North Main Street, Wauconda, IL 60084
9-123.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 402 Channel Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,590
119%
$89,391
7%
2024
$2,552
-23%
$83,739
20%
2023
$3,309
-31%
$69,585
10%
2022
$4,799
40%
$63,307
6%
2021
$3,431
—
$59,820
5%
2020
$3,435
9%
$57,015
6%
2019
$3,140
-12%
$53,885
18%
2018
$3,556
—
$45,573
1%
2017
$3,539
7%
$45,046
6%
2016
$3,320
-10%
$42,658
9%
2015
$3,672
-10%
$39,161
—
2014
$4,095
-11%
$39,161
-5%
2013
$4,625
2%
$41,039
-18%
2012
$4,519
—
$50,285
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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402 Channel Drive, Island Lake, IL 60042 (MLS# 12780527) is a Single Family property with 2 bedrooms and 2 full bathrooms. 402 Channel Drive is currently listed for $369,900 and was received on October 09, 2026. This property is listed by Marla Schneider from our Glenbrook Office.Want to learn more about 402 Channel Drive? Do you have questions about finding other Single Family real estate for sale in Island Lake? You can browse all Island Lake real estate or contact a Coldwell Banker agent to request more information.

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