Contacts
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.
Reach out to the broker for more info on lease terms and amenities
Getting around
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5/100
Walk Score ®
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28/100
Bike Score ®
Location
- City Spring Grove, IL
- Neighborhood Spring Grove
- Zip Code 60081
- Market Chicago
Points of Interest
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Fox Lake
2.28 miles
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Lake Villa
4.78 miles
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Antioch
5.36 miles
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Round Lake Beach
6.22 miles
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Washington Street (Grayslake)
7.88 miles
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Taxi Stand
9.40 miles
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Phillips 66
1.38 miles
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Shell
2.30 miles
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Thorntons
2.36 miles
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Mobil
2.37 miles
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Marathon
2.83 miles
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STP
2.97 miles
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Circle K
4.42 miles
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Tesla Supercharger
7.52 miles
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ChargePoint
7.56 miles
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Leisure Village
0.77 miles
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<different> Boat Ramp
3.21 miles
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Boat Launch
4.11 miles
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Volo Bog State Nature Preserve
5.44 miles
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Pioneer Landing
6.21 miles
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McHenry County Prairie Trail trailhead @ Harts Road
6.95 miles
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@ Petersen Park Beach
7.39 miles
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McHenry County Prairie Trail trailhead @ Petersen Park
7.45 miles
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Whitetail Prairie
7.69 miles
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The Roxana Resort
2.11 miles
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Fox Lake Motel
2.53 miles
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Best Western Plus
4.78 miles
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Dragonfly Bed and Breakfast
4.94 miles
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Fourth Lake Resort guest cabins
7.18 miles
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Super 8
7.94 miles
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Val's
2.37 miles
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Jewel-Osco
3.73 miles
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Angelo's Food
4.30 miles
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ALDI
4.74 miles
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Piggly Wiggly
4.93 miles
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Big Lots
5.31 miles
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Walmart Supercenter
5.71 miles
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Kohl's
5.89 miles
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Ross
5.93 miles
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JCPenney
6.41 miles
REMAX Suburban