- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$850,000
Monthly Est:$4,231
9 Beds
6 Baths
--sqft
106 W State Rd, Island Lake, IL 60042
$850,000
$4,231/moEst:
Get Pre-Approved
Multi Family
Built in 1945
$-- HOA
-- sqft lot
--/sqft
Description
Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy. HIGHLY MOTIVATED SELLER. OFFERS WELCOME.
- Houzeo last checked: 12 hours ago
- Listing updated: October 7, 2026 at 12:56 pm
- Listing Provided by: Kelly Vance (815) 382-4841 | Century 21 Integra (815) 344-1033
- Source: MRED MLS-IL | MLS#: 12756065
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1945
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12756065
MLS Status
Active
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 6
Interior
Heating
Natural Gas
Sewer
Public Sewer
Construction
Year Built
Year Built: 1945
Home type
Multi Family
Construction Materials
Brick, Block
Roof
Asphalt
Foundation Details
Block, Concrete Perimeter
Utilities & Energy
Water Source
Public
Parking Features
Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned
Basement
Finished, Walk Out Access
Other Features
Lot Features
Corner Lot
Price History
| Date | Event | Price |
|---|---|---|
09/11/2026 Source: | Listed for Sale | $850,000 $0/sqft |
06/19/2018 Source: | Listing Removed | $0 $0/sqft |
Find Homes by Property Features in Island Lake, IL
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