27717 W Grass Lake Drive, Spring Grove, IL 60081

Spring Grove
Local realty services provided by:ERA Naper Realty
27717 W Grass Lake Drive,Spring Grove, IL 60081
$749,900
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jason bitton
Office: re/max suburban
MLS#:12685454
Source:MLSNI

Price summary

  • Price:$749,900

About this home

Rare Chain O'Lakes waterfront cottage compound on Grass Lake! This unique property features three furnished short-term rental units on approximately 1.13 acres with approximately 131 feet of waterfront frontage, beach access, gazebo, patio/outdoor gathering areas, dock/floating dock access, and ample parking. Currently operated as The Lake-Heim / Lotus Cottages, the property includes a 2-bedroom cabin, a 1-bedroom cabin, and an additional 1-bedroom lake cottage. 2025 Airbnb total earnings were approximately $60,423, with meaningful year-over-year growth and additional upside through improved occupancy, rate management, and continued STR operation. Ideal for an investor, owner-user, family lakefront retreat, or buyer seeking personal use with rental income from the additional units. Former fourth structure/rebuild potential may offer additional upside, subject to buyer verification and municipal approval.

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Home facts

  • Year built:1961
  • Listing ID #:12685454
  • Updated:June 23, 2026 at 11:09 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:7

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1961
  • Lot area:1.13 Acres

Schools

  • High school:Grant Community High School
  • Elementary school:Lotus

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$749,900
  • Tax amount:$12,918 (2024)

Parking

  • Total parking spaces:12
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