37 Nippersink Road Fox Lake, IL ^$ 1,775,000

37 Nippersink Road

^$ 1,775,000

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Recently Listed

37 Nippersink Road

Fox Lake, IL, 60020

^$ 1,775,000

Bedrooms2 Baths0.0 Sq 11,400

Monthly Estimate*

^$ 10,929

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Multi-Family Home for sale in Fox Lake, IL

for $1,775,000 with 2 bedrooms. This 11,400 square foot home was built in 1970 on a lot size of 0.64.

Well-maintained, brick 12-unit apartment building located in desirable Fox Lake. Walking distance to Downtown Fox Lake, Metra Station, and local shopping and dining options. Property is all two-bedroom units and includes two parking spaces per unit. Building features on-site laundry facility, security system, and balconies/patios. Recent improvements include fresh exterior paint in 2025, new laundry room and hallway carpet in 2024, new attic ventilation added with new roof and gutters. Property is zoned for commercial and residential. Each unit has electric baseboard heat that is paid by the tenants.

Multi-Family Active

Price

^$ 1,775,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 27,838

Style

Multi-Family

Lot Size

0.64

Year Built

1970

Town/City

Fox Lake

County/Region

Lake

MLS | Web ID

12570364

Features

General

Cooling Wall Sleeve

Utilities Sewer Connected Water Available

Possession Closing

Roof Composition

Zoning MULTI

Construction Materials Brick Wood Frame

Year Built 1970

Electric Circuit Breakers Separate Meters Service - 0 to 100 Amps

Tenant Pays Air Conditioning Electricity Heat

Stories Count 2

Township Grant

Tax Year 2024

Current Use Multi-Family

Gross Income 192900

County Lake

Net Operating Income 111403

Operating Expense 74012

Insurance Expense 6519

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 3600

Possible Use Commercial Multi-Family

Status New

Directions Route 12 - East on Grand Avenue - North on Nippersink

City Fox Lake

Number Of Units Total 12

MLS Area Fox Lake

Lot Size Square Feet 27852

Tax Annual Amount 27838

Electric Expense 1371

Fuel Expense 0

Trash Expense 4405

Water Sewer Expense 12578

Additional Parcels Y/N Y

Standard Status Active

Cap Rate 6.28

Interior

Basement None

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Building Area Total 11400

Lot Dimensions 27 852 SF

Lot Size Acres 0.64

Frontage Type City Street

* Excluded Features

List By

Marcus & Millichap Chicago Apartment Brokers

Broker

emily.habich@marcusmillichap.com

Affordability Calculator

$13,249

Per Month

Monthly Principal & Interest: $10,929
Monthly Property Taxes: $2,320
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Fox Lake, IL

Average List Price ^$649,375

Percent of Sale Price 63%

About Fox Lake, IL

11,050 Population

13% Since 2002

^$53,142 Median Income

42.79 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/18/2026	$1,775,000		Listed Price

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37 Nippersink Road, Fox Lake, IL, 60020 is a Multi-Family Home for sale at $1,775,000 with 11,400 sqft and a lot size of 0.64. 37 Nippersink Road has 2 bedrooms, 0.0 baths, and was built in 1970. The property's zip code is 60020 which is in Fox Lake, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 2/22/2026.

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37 Nippersink Road

Multi-Family Home for sale in Fox Lake, IL

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