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$1,800,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 28.5 Acres
  • Updated 1 day ago
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Prime 28.5 acres in Lake Villa are ready for a development project. Previously under contract with a large developer who got village approvals for 70-80 2-story townhomes. Current zoning is for residential and the city is willing to work with the next developer to make this project happen. Rezoning can be done easily for whatever you are looking to do! Check the mockups for an incredible MULTI-FAMILY development, or a 100+ ASSISTED LIVING PROJECT, Townhomes, or anything else!

Full Property Details for 406 Monaville Rd

General

  • Price: $1,800,000
  • Taxes: $1,987 (2024)
  • Status: Active
  • Type: Lots/Land
  • Source: MRED
  • MLS ID: 12605954
  • Updated: 5/18/2026
  • Added to Site: 1 day(s) ago

Additional Information

  • Other Features: Flood Zone (Partial)

Location

  • Area: Lake Villa / Lindenhurst
  • County: Lake
  • Township: Lake Villa
  • Driving Directions: west on monaville rd and westof v63

School Information

  • School District: 41
  • Elem School District: 41
  • Midd School District: 41
  • High School District: 127

Utilities

  • Onsite: Electricity Nearby, Natural Gas Nearby

Structural Information

  • Square Feet: 28.5
  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size (Acres): 28.5
  • Lot Size (Sq. Ft.): 1,284,125
  • Lot Size Range: 25.0 to 99.99 Acres
  • Lot Dimensions: 4735.5
  • Frontage: City Street
  • Frontage Feet: 1042
  • Street/Road Desc.: None
  • Zoning: SINGL

Financial Considerations

  • Tax Amount: $1,987.24
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 6081000480000

Listed by Ellsbury Group LLC

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Listing agent

— 406 Monaville Rd —

  • Ellsbury Group LLC

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 406 Monaville Rd

School Districts:Lake Villa Community Consolidated School District 41, Grant Community High School District 124
NameGradesDistance
Olive C Martin School
24750 West Dering Lane, Lake Villa, IL 60046
K-62.3 mi
Peter J Palombi School
133 McKinley Avenue, Lake Villa, IL 60046
7-81.2 mi
Grant Community High School
285 East Grand Avenue, Fox Lake, IL 60020
9-123.4 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 406 Monaville Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/18/2026
Listed
$1,800,000
391.8%
MLS
1/06/2021
Sold
$366,000
—
Public Record
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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 for 406 Monaville Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,987
-48%
$24,126
9%
2024
$3,836
-30%
$22,170
-44%
2023
$5,456
4%
$39,349
-27%
2022
$5,252
1%
$53,913
7%
2021
$5,218
-2%
$50,267
4%
2020
$5,326
—
$48,419
4%
2019
$5,326
-15%
$46,401
-14%
2018
$6,291
7%
$54,216
3%
2017
$5,853
-8%
$52,591
4%
2016
$6,348
2%
$50,350
7%
2015
$6,201
-6%
$47,275
—
2014
$6,602
5%
$47,275
-8%
2013
$6,268
—
$51,515
—
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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Listed by Ellsbury Group LLC

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406 Monaville Road, Lake Villa, IL 60046 (MLS# 12605954) is a Lots/Land property with a lot size of 28.5 acres. 406 Monaville Road is currently listed for $1,800,000 and was received on May 18, 2026. Want to learn more about 406 Monaville Road? Do you have questions about finding other Lots/Land 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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