116 E Monaville Road, Lake Villa, IL 60046

Local realty services provided by:ERA Naper Realty
116 E Monaville Road,Lake Villa, IL 60046
$550,000
  • 6 Beds
  • 3 Baths
  • 4,754 sq. ft.
  • Single family
  • Active
Listed by:nikki nielsen
Office:keller williams north shore west
MLS#:12492112
Source:MLSNI

Price summary

  • Price:$550,000
  • Price per sq. ft.:$115.69

About this home

Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied.

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1917
  • Listing ID #:12492112
  • Added:21 day(s) ago
  • Updated:November 03, 2025 at 09:43 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:4,754 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Natural Gas, Steam

Structure and exterior

  • Roof:Asphalt
  • Year built:1917
  • Building area:4,754 sq. ft.

Schools

  • High school:Grayslake North High School
  • Middle school:Peter J Palombi School
  • Elementary school:William L Thompson School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$115.69
  • Tax amount:$5,415 (2024)
MLS LogoCopyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.

New listings near 116 E Monaville Road