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$749,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 6 days ago
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Rare turnkey waterfront compound on Grass Lake (Fox Chain O'Lakes) - three fully furnished, income-producing short-term-rental units that sleep up to 12, two of them Airbnb "Guest Favorites." About 131' of private walk-in sand beach (uncommon on the Chain) on ~1.1 acres, with a private pier, gazebo, firepit patio, RV/boat storage and canoe/kayak access. Seller-provided 2025 Airbnb total ~$60,423 (+25 YoY) with clear room to grow. Four full baths plus a bonus room take it to up to 5 BR / 4 BA, and a former legal, conforming 4th-cottage site offers rebuild potential (verify). Live in one unit and rent the others, run it as an STR, hold as a family compound, or expand. About 50-60 miles NW of Chicago near Blarney Island and Chain O'Lakes State Park. Offering memorandum available. All information seller-provided and deemed reliable but not guaranteed; buyer to verify.

Full Property Details for 27717 W Grass Lake Dr

General

  • Price: $749,900
  • Taxes: $12,918 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12685454
  • Updated: 6/29/2026
  • Added to Site: 19 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: Flood Zone

Exterior

  • Exterior Features: Boat Slip, Fire Pit

Parking

  • Total Spaces: 12
  • Parking Features: Yes

Location

  • Area: Spring Grove
  • County: Lake
  • Township: Antioch
  • Driving Directions: Grass Lake Road, turn north onto Lakeshore Dr. When you pass Riva Bay condos, name of road changes to W Grass Lake Drive. Road will turn to the left but don't turn, instead go straight onto driveway of property.

School Information

  • School District: 114
  • Elem School District: 114
  • Midd School District: 114
  • High School District: 124
  • Elementary School: Lotus
  • High School: Grant Community High School
  • Private School: Grant Community High School

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Well
  • Onsite: Cable Available

Structural Information

  • Construction: Aluminum Siding
  • Exterior Const.: Aluminum Siding
  • Basement Desc.: None
  • Year Built: 1961
  • Built Before 1978: Yes
  • Remodeled/Updated: 2024

Unit Information

  • Units in Building: 3

Additional Structures

  • Other Structures: Shed(s), Boat Dock, Cabana

Lot Features

  • Lot Size (Acres): 1.13
  • Lot Size Range: 1.0 to 1.99 Acres
  • Lot Dimensions: 25 x 645 x 131 x 623
  • Lot Features: Wooded, Rear of Lot

Water Features

  • Water Front: Yes
  • Water Front Name: GRASS LAKE
  • Water Front Desc.: Beach Access, Lake Front
  • Water Front View: Back of Property
  • Lake Front: Yes

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1961
  • Tax Amount: $12,918
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1273000240000

Listed by RE/MAX Suburban

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— 27717 W Grass Lake Dr —

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Schools serving 27717 W Grass Lake Dr

School Districts:Fox Lake Grade School District 114, Grant Community High School District 124
NameGradesDistance
Lotus School
29067 W Grass Lake Rd, Spring Grove, IL 60081
PK-40.6 mi
Stanton School
101 Hawthorne Lane, Fox Lake, IL 60020
5-82.8 mi
Grant Community High School
285 East Grand Avenue, Fox Lake, IL 60020
9-122.6 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 27717 W Grass Lake Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Listed
$749,900
114.26%
MLS
4/27/2022
Sold
$350,000
—
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 27717 W Grass Lake Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,918
4%
$187,017
8%
2024
$12,415
89%
$173,148
12%
2023
$6,577
2%
$155,040
96%
2022
$6,417
3%
$79,299
7%
2021
$6,216
6%
$73,993
3%
2020
$5,874
—
$71,950
5%
2019
$5,874
-2%
$68,806
1%
2018
$5,995
2%
$67,907
5%
2017
$5,889
-7%
$64,637
4%
2016
$6,302
-1%
$62,379
3%
2015
$6,366
-7%
$60,793
—
2014
$6,820
5%
$60,793
-9%
2013
$6,526
6%
$66,710
-5%
2012
$6,130
—
$70,029
—
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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27717 W Grass Lake Drive, Spring Grove, IL 60081 (MLS# 12685454) is a Multi-Family property with 3 units containing 4 bedrooms and 0 full bathrooms. 27717 W Grass Lake Drive is currently listed for $749,900 and was received on June 22, 2026. Want to learn more about 27717 W Grass Lake Drive? Do you have questions about finding other Multi-Family real estate for sale in Spring Grove? You can browse all Spring Grove real estate or contact a Coldwell Banker agent to request more information.

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