Description
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.
- Listing Courtesy of: Keller Williams North Shore West
Details
Updated on November 16, 2025 at 5:47 pm- Property ID: MRD12492112
- Price: $525,000
- Property Size: 4754 Sq Ft
- Bedrooms: 6
- Bathrooms: 3
- Year Built: 1917
- Property Type: Single Family
- Property Status: Active
- Parking Total: 2
- Parcel Number: 06091000160000
- Water Source: Public
- Sewer: Public Sewer
- Architectural Style: Farmhouse
- Days On Market: 34
- Basement Bath(s): No
- Cumulative Days On Market: 34
- Tax Annual Amount: 451.25
- Roof: Asphalt
- Cooling: None
- Asoc. Provides: None
- Appliances: Range,Refrigerator,Washer,Dryer
- Parking Features: Garage Door Opener,Yes,Garage Owned,Detached,Garage
- Room Type: Kitchen,Bedroom 5,Bedroom 6,Eating Area,Enclosed Porch,Great Room,Recreation Room,Storage,Walk In Closet
- Stories: 2 Stories
- Directions: Route 83 to Monaville to signs or Cedar Lake Rd to Monaville to signs Property is NOT vacant do not walk without appointment.
- Association Fee Frequency: Not Required
- Living Area Source: Assessor
- Elementary School: William L Thompson School
- Middle Or Junior School: Peter J Palombi School
- High School: Grayslake North High School
- Township: Lake Villa
- ConstructionMaterials: Vinyl Siding
- Asoc. Billed: Not Required
Address
Open on Google Maps- Address 116 E Monaville
- City Lake Villa
- State/county IL
- Zip/Postal Code 60046
- Country Lake
Overview
- Single Family
- 6
- 3
- 4754
- 1917
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees