The Lake-Heim: waterfront 3-unit short-term-rental compound

For Sale

27717 West Grass Lake Drive, Spring Grove, IL 60081

This Spring Grove property for sale is located at 27717 West Grass Lake Drive. The current listed sale price for The Lake-Heim: waterfront 3-unit short-term-rental compound is $749,900. The Lake-Heim: waterfront 3-unit short-term-rental compound is situated on a lot that is 1.1 acre in size.

Contacts

Jason Bitton

REMAX Suburban

Property Details

  • Property Type Multi-Family
  • Property Size 2,760 SF
  • Lot Size 1.1 Acre
  • Date Updated Nov 14, 2026

The Lake-Heim is a fully operational waterfront cottage compound on Grass Lake, part of the Fox Chain O'Lakes system. Set on roughly 1.1 acres with about 131 feet of private walk-in sand-beach frontage, the property includes three furnished short-term-rental units, a private pier, a covered gazebo, a paver patio with firepit, and outdoor areas designed for lakefront use.

This is not just a rental property and not just a lake house - it is a rare combination of waterfront lifestyle, documented income, and future upside. A buyer can continue the existing short-term-rental operation, occupy one unit and rent the others, use it as a family compound, or explore expansion opportunities such as a fourth cottage or bonus-space conversion, subject to buyer verification and municipal approval.

Seller-provided Airbnb statements show roughly $60,423 in 2025 gross earnings, about 25% year-over-year growth, across approximately 393 booked nights. The property is already producing income, while still leaving room for a hands-on owner or operator to increase occupancy, improve pricing, expand distribution, and further develop the Lake-Heim brand.

All income, expense, occupancy, square-footage, frontage, zoning, STR-permitting and redevelopment figures are seller-provided or estimated and must be independently verified by buyer during due diligence.

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Getting around

  • 5/100

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  • 28/100

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Location

  • City Spring Grove, IL
  • Neighborhood Spring Grove
  • Zip Code 60081
  • Market Chicago

Points of Interest

  • Fox Lake

    2.28 miles

  • Lake Villa

    4.78 miles

  • Antioch

    5.36 miles

  • Round Lake Beach

    6.22 miles

  • Washington Street (Grayslake)

    7.88 miles

  • Taxi Stand

    9.40 miles

  • Phillips 66

    1.38 miles

  • Shell

    2.30 miles

  • Thorntons

    2.36 miles

  • Mobil

    2.37 miles

  • Marathon

    2.83 miles

  • STP

    2.97 miles

  • Circle K

    4.42 miles

  • Tesla Supercharger

    7.52 miles

  • ChargePoint

    7.56 miles

  • Leisure Village

    0.77 miles

  • <different> Boat Ramp

    3.21 miles

  • Boat Launch

    4.11 miles

  • Volo Bog State Nature Preserve

    5.44 miles

  • Pioneer Landing

    6.21 miles

  • McHenry County Prairie Trail trailhead @ Harts Road

    6.95 miles

  • @ Petersen Park Beach

    7.39 miles

  • McHenry County Prairie Trail trailhead @ Petersen Park

    7.45 miles

  • Whitetail Prairie

    7.69 miles

  • The Roxana Resort

    2.11 miles

  • Fox Lake Motel

    2.53 miles

  • Best Western Plus

    4.78 miles

  • Dragonfly Bed and Breakfast

    4.94 miles

  • Fourth Lake Resort guest cabins

    7.18 miles

  • Super 8

    7.94 miles

  • Val's

    2.37 miles

  • Jewel-Osco

    3.73 miles

  • Angelo's Food

    4.30 miles

  • ALDI

    4.74 miles

  • Piggly Wiggly

    4.93 miles

  • Big Lots

    5.31 miles

  • Walmart Supercenter

    5.71 miles

  • Kohl's

    5.89 miles

  • Ross

    5.93 miles

  • JCPenney

    6.41 miles

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