116 E Monaville Road Lake Villa, IL $ 525,000
116 E Monaville Road
$ 525,000
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116 E Monaville Road

Lake Villa, IL, 60046
$ 525,000
Bedrooms6 Baths3.0 Sq 4,754

Monthly Estimate*

$ 3,275

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Single Family Home for sale in Lake Villa, IL

for $525,000 with 6 bedrooms and 3 full baths. This 4,754 square foot home was built in 1917.

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. See floor plans for detailed layouts of both residences.

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Single Family Active

Price

$ 525,000

Bedrooms

6

Full Bath

3

Property Type

Single Family

Taxes

$ 5,415

Style

Farmhouse

Year Built

1917

Town/City

Lake Villa

County/Region

Lake

MLS | Web ID

12492112

Features
General
Living Area 4754
Sewer Public Sewer
Heating Natural Gas Forced Air Steam Baseboard
Cooling None
Possession Closing
Roof Asphalt
Appliances Range Refrigerator Washer Dryer
HOA Fee 0
Garage Spaces 2
Association Fee Includes None
Architectural Style Farmhouse
Construction Materials Vinyl Siding
Year Built 1917
Township Lake Villa
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Lake
New Construction N
Property Type Residential Detached Single
Possible Use Horses
Other Structures Guest House
Total Rooms 14
Full Baths 3
Status Active
Directions Route 83 to Monaville to signs or Cedar Lake Rd to Monaville to signs Property is NOT vacant do not walk without appointment.
High School Grayslake North High School
City Lake Villa
High School District 127
MLS Area Lake Villa / Lindenhurst
Elementary School William L Thompson School
Tax Annual Amount 5415
Middle/Junior High School Peter J Palombi School
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 41
Elementary School District 41
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Interior
Basement Unfinished Full
Half Baths 0
Total Bedrooms 6
Room Type Kitchen Bedroom 5 Bedroom 6 Eating Area Enclosed Porch Great Room Recreation Room Storage Walk In Closet
Total Baths 3
Bedrooms Possible 6
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Exterior
Parking Features Garage Door Opener Yes Garage Owned Detached Garage
Lot Features Mature Trees
Water Source Public
Total Parking 2
Lot Dimensions 410x531x411x466
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams North Shore West

Broker

Nikkinielsenrealestate@gmail.com

Email

Affordability Calculator

$3,727
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,275
Monthly Property Taxes
$451
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4573994 Elementary School
565376 Middle School
Grayslake North High School High School
Pricing History
DatePricePrice ChangeDescription
11/10/2025$525,000 -4.55% Price Down
10/13/2025$550,000 Listed Price

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116 E Monaville Road, Lake Villa, IL, 60046 is a Single Family Home for sale at $525,000 with 4,754 sqft. 116 E Monaville Road has 6 bedrooms, 3.0 baths, and was built in 1917. The property's zip code is 60046 which is in Lake Villa, IL