406 Monaville Road Lake Villa, IL ^$ 1,800,000

406 Monaville Road

^$ 1,800,000

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Recently Listed

406 Monaville Road

Lake Villa, IL, 60046

^$ 1,800,000

Studio Baths0.0

Monthly Estimate*

^$ 11,083

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406 Monaville Road, Lake Villa, IL 60046 - Image 3

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406 Monaville Road, Lake Villa, IL 60046 - Image 5

406 Monaville Road, Lake Villa, IL 60046 - Image 6

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406 Monaville Road, Lake Villa, IL 60046 - Image 9

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406 Monaville Road, Lake Villa, IL 60046 - Image 12

Studio

Lots and Land for sale in Lake Villa, IL

for $1,800,000. The lot size is 28.5.

Prime 28.5 acres in Lake Villa are ready for a development project. Previously under contract with a large developer who got village approvals for 70-80 2-story townhomes. Current zoning is for residential and the city is willing to work with the next developer to make this project happen. Rezoning can be done easily for whatever you are looking to do! Check the mockups for an incredible MULTI-FAMILY development, or a 100+ ASSISTED LIVING PROJECT, Townhomes, or anything else!

Lots and Land Active

Price

^$ 1,800,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 1,987

Style

Commercial

Lot Size

28.5

Town/City

Lake Villa

County/Region

Lake

MLS | Web ID

12605954

Features

General

Utilities Electricity Nearby Natural Gas Nearby

Possession Closing

Zoning SINGL

Township Lake Villa

Tax Year 2024

Current Use Commercial

Ownership Fee Simple

County Lake

Property Type Land Land

Status New

Directions west on monaville rd and westof v63

City Lake Villa

High School District 127

MLS Area Lake Villa / Lindenhurst

Tax Annual Amount 1987.24

Standard Status Active

Middle/Junior School District 41

Elementary School District 41

Exterior

Total Parking 0

Lot Dimensions 4735.5

Lot Size Acres 28.5

Road Surface Type None

Frontage Length 1042

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Ellsbury Group Llc

Broker

bilalaaare@gmail.com

Affordability Calculator

$11,248

Per Month

Monthly Principal & Interest: $11,083
Monthly Property Taxes: $166
Monthly Home Insurance: --

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Loan Term

Interest Rate

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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

Lots and land listings in Lake Villa, IL

Average List Price ^$581,022

Percent of Sale Price 68%

About Lake Villa, IL

8,659 Population

29% Since 2002

^$81,346 Median Income

39.8 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

567920 Elementary School

566881 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/18/2026	$1,800,000		Listed Price

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406 Monaville Road, Lake Villa, IL, 60046 is a Lots and Land for sale at $1,800,000 with a lot size of 28.5. 406 Monaville Road is a studio with 0.0 baths. The property's zip code is 60046 which is in Lake Villa, 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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Data is updated as of 5/21/2026.

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406 Monaville Road

Lots and Land for sale in Lake Villa, IL

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