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$525,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 3 Full Baths
  • 4,754 Sq. Ft.
  • 2 Car Garage
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Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied. See floor plans for detailed layouts of both residences.

Full Property Details for 116 E Monaville Rd

General

  • Price: $525,000
  • Taxes: $5,415 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12492112
  • Updated: 11/16/2025
  • Added to Site: 95 day(s) ago

Interior

  • Basement: Unfinished
  • Appliances: Range, Refrigerator, Washer, Dryer

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage

Location

  • Area: Lake Villa / Lindenhurst
  • County: Lake
  • Township: Lake Villa
  • Driving Directions: Route 83 to Monaville to signs or Cedar Lake Rd to Monaville to signs Property is NOT vacant do not walk without appointment.

School Information

  • School District: 41
  • Elem School District: 41
  • Midd School District: 41
  • High School District: 127
  • Elementary School: William L Thompson School
  • Middle School: Peter J Palombi School
  • High School: Grayslake North High School
  • Private School: Grayslake North High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas, Forced Air, Steam, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Farmhouse
  • Architectural Style: Farmhouse
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Roof: Asphalt
  • Square Feet: 4,754
  • Sq. Ft. Source: Assessor
  • Year Built: 1917
  • Built Before 1978: Yes

Additional Structures

  • Other Structures: Guest House

Lot Features

  • Lot Size Range: 4.0 to 4.99 Acres
  • Lot Dimensions: 410 x 531 x 411 x 466
  • Lot Features: Mature Trees
  • Potential Use: Horses

Financial Considerations

  • Assessment Year: 1917
  • Tax Amount: $5,415
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 6091000160000

Listed by Keller Williams North Shore West

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— 116 E Monaville Rd —

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Schools serving 116 E Monaville Rd

School Districts:Lake Villa Community Consolidated School District 41, Grayslake Community High School District 127
NameGradesDistance
William L Thompson School
515 Thompson Lane, Lake Villa, IL 60046
PK-61 mi
Peter J Palombi School
133 McKinley Avenue, Lake Villa, IL 60046
7-80.9 mi
Grayslake North High School
1925 North Illinois 83, Grayslake, IL 60030
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 E Monaville Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/10/2025
Price Reduced
$525,000
-4.55%
MLS
10/13/2025
Listed
$550,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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116 E Monaville Road, Lake Villa, IL 60046 (MLS# 12492112) is a Single Family property with 6 bedrooms and 3 full bathrooms. 116 E Monaville Road is currently listed for $525,000 and was received on October 13, 2025. Want to learn more about 116 E Monaville Road? Do you have questions about finding other Single Family real estate for sale in Lake Villa? You can browse all Lake Villa real estate or contact a Coldwell Banker agent to request more information.

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