172 Forest Avenue
Fox Lake, IL 60020

This charming 2-flat offers many possibilities for homeowners and investors alike. With two separate units, you can rent one and live in the other or rent both for a great return on investment. One of the highlights of this property is its picturesque hillside setting, providing breathtaking views of Fox Lake, especially from the private deck. Important updates to the property have been made. The dual furnace is just five years old. In addition, each unit has the convenience of in-unit laundry. The deck, driveway, fence, exterior stairs, and lower-level laundry have all been recently upgraded. The location of this property is truly unbeatable. Situated close to the commuter rail, it offers easy access for commuters and travelers. Moreover, you'll find Lakefront Park just a stone's throw away. This upcoming development promises many amenities, including a boardwalk, municipal piers, an amphitheater, a playground, and a splash pad, ensuring a vibrant and active lifestyle for residents. While Fam's On The Chain may be temporarily closed for renovations, it presents an exciting prospect for future businesses in the area, adding even more value to the community. Additionally, El Puerto Mexican Restaurant, with its lakeside charm. Fitness enthusiasts will appreciate the convenience of Aira Fitness Private Studio on Fox Lake, a private gym accessible 24/7, perfect for maintaining a healthy lifestyle without leaving the neighborhood. Investment-wise, the rents collected for this building are $1,300 for the upstairs unit and $1,100 for the downstairs unit. Additionally, the landlord pays for electrical, gas, and water/sewer/refuse, making managing and budgeting the expenses easier. This property is not just a home; it's an opportunity waiting to be seized. Don't miss out on your chance to enter the real estate investment business or find your perfect living space in a prime location with stunning lake views. Schedule a viewing today!