3855 Grand Avenue Gurnee, IL $ 410,000
3855 Grand Avenue
$ 410,000
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3855 Grand Avenue

Gurnee, IL, 60031
$ 410,000
Bedrooms4 Baths2.0 Sq 1,836

Monthly Estimate*

$ 2,524

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Multi-Family Home for sale in Gurnee, IL

for $410,000 with 4 bedrooms and 2 full baths. This 1,836 square foot home was built in 1952 on a lot size of 0.24.

"Incredible turn-key investment or owner-occupied opportunity in the heart of Gurnee! This meticulously maintained 2-unit property has been completely transformed with nearly every major system updated for maximum efficiency and zero stress. **Unmatched Mechanicals & Exterior:** * **Zero Owner Utility Expense:** Both units feature **completely separate utilities** (Gas, Electric, and Water/Sewer). **Tenants pay for all utilities-the owner pays nothing.** * **Brand New (2026):** Two 95% high-efficiency furnaces ensuring ultra-low utility costs for tenants. * **Newer (2018/2019):** Full roof replacement on both the house and garage (2018), all-new energy-efficient windows throughout (2019), and added insulation in the attic on both sides. * **Systems:** Both units feature central air and have been fully and correctly rewired. **Modernized Interiors:** * **Unit 1:** Rehabbed in 2024 with a stylish new kitchen and modern bathroom. * **Unit 2:** Freshly updated in 2018 with a brand-new kitchen and bathroom. **Prime Location & Conveniences:** Complete with a detached 2-car garage featuring newer openers (2018). You are perfectly positioned for entertainment and convenience-just minutes from **Six Flags Great America**, the **American Place Casino**, and the massive shopping and dining district at **Gurnee Mills**. Quick access to I-94 makes commuting a breeze. Current rents have significant room for growth to meet market demand, providing immediate upside for the savvy investor. Truly a 'set it and forget it' property-**with all utilities separated and tenant-paid**, this is the perfect high-performance gem for adding to a portfolio or living in one unit while the other pays your mortgage. Don't miss out!"

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Multi-Family Contingent

Price

$ 410,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,916

Style

Ranch

Lot Size

0.24

Year Built

1952

Town/City

Gurnee

County/Region

Lake

MLS | Web ID

12606141

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Garage Spaces 2
Architectural Style Ranch
Construction Materials Aluminum Siding
Year Built 1952
Township Warren
Tax Year 2025
Ownership Fee Simple
Gross Income 19200
County Lake
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 8
Status Contingent
Directions Drive east on grand. Last property on the right before you get to 41
City Gurnee
High School District 211
MLS Area Gurnee
Tax Annual Amount 6916.6
Additional Parcels Y/N N
Standard Status Active Under Contract
Middle/Junior School District 56
Elementary School District 56
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Interior
Basement Unfinished Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Bathroom Soaking Tub
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Off Street Driveway Owned Garage
Water Source Lake Michigan Public
Total Parking 10
Lot Dimensions 76X137
Lot Size Acres 0.24
Waterfront Y/N N
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* Excluded Features
List By
Core Realty & Investments Inc.

Broker

levonabington@gmail.com

Email

Affordability Calculator

$3,101
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,524
Monthly Property Taxes
$576
Monthly 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
565123 Elementary School
565484 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2026$410,000 Listed Price

Map


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3855 Grand Avenue, Gurnee, IL, 60031 is a Multi-Family Home for sale at $410,000 with 1,836 sqft and a lot size of 0.24. 3855 Grand Avenue has 4 bedrooms, 2.0 baths, and was built in 1952. The property's zip code is 60031 which is in Gurnee, IL