117 Nippersink Rd is a fully furnished 5-unit lakefront rental property located directly on the serene shores of Nippersink Lake, part of the Chain O’ Lakes in northern Illinois.? The property has been operating as short-term rentals and is currently in the process of transitioning to long-term rentals, offering investors flexibility between hospitality-style income, stabilized residential income, or a hybrid rental strategy.? The unit mix includes three spacious 2-bedroom units and two charming 1-bedroom units, each with a private entrance, open-concept layout, updated kitchen, and modern bath finishes.? Outdoor seating areas provide guests and residents with lakefront atmosphere, water views, and easy access to boating, fishing, and waterfront recreation.? Located minutes from downtown Fox Lake, shopping, dining, and the Metra station, 117 Nippersink Rd offers a strong blend of lakefront lifestyle, rental demand, and convenience.? The property is also located just up the road from Fox Lake’s new lakefront park, adding significant nearby amenity value for residents and guests.? Approx. 3,608 SF 5-unit lakefront rental property Located directly on Nippersink Lake / Chain O’ Lakes Fully furnished, plug-and-play investment opportunity Unit mix: three 2-bedroom units and two 1-bedroom units Each unit features private entrance, open layout, updated kitchen, and updated bath Currently transitioning from short-term rentals to long-term rentals Outdoor seating areas with lakefront atmosphere and water views Minutes to downtown Fox Lake, dining, shopping, and Metra Strong rental demand in a highly desirable lakefront setting Can be purchased separately or together with adjacent 115 Nippersink Rd