137-139 Arthur Ave - Apartments FOR SALE


Fox Lake, IL 60020
$579,000 USD
847-601-1201
137-139 Arthur Ave, Fox Lake, IL for Sale
$579,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

137-139 Arthur Ave
Fox Lake, IL 60020


HIGHLIGHTS

  • Property is situated at the intersection of Arthur Avenue and Cathryn, providing identifiable positioning within the local area.
  • Location offers convenient access to surrounding neighborhoods and nearby commercial corridors.
  • Area supports a mix of residential and/or commercial uses, enhancing long-term flexibility.
  • Accessible to local amenities including retail, services, and community infrastructure.

OVERVIEW

Lakefront investment opportunity! Three completely vacant buildings on Nipper sink Lake, part of the Chain-o-Lakes. Includes a 2,400 SF tavern that used to have gaming machines and 7 residential rental units- possible short-term rentals subject to village approval. The property needs a lot of work, but has lots of potential, too! There is a road easement for Arthur Avenue that runs through the property.

FOR SALE DETAILS

PRICE

$579,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

8

PRICE/UNIT

$72,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Aquarium Tavern

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,311 SF

ZONING

B4

APN/PARCEL ID

05-03-306-001,05-03-306-002

ASK ABOUT THIS PROPERTY

Jeff BellRe/Max PlazaMore Info
847-601-1201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jeff BellRe/Max PlazaMore Info
847-601-1201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.