106 W State Road Island Lake, IL $ 850,000
106 W State Road
$ 850,000
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106 W State Road

Island Lake, IL, 60042
$ 850,000
Bedrooms9 Baths6.1

Monthly Estimate*

$ 5,367

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Multi-Family Home for sale in Island Lake, IL

for $850,000 with 9 bedrooms and 6 full baths, 1 half bath. This home was built in 1945.

Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.

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Multi-Family Active

Price

$ 850,000

Bedrooms

9

Full Bath

6

Half Bath

1

Property Type

Multi-Family

Taxes

$ 9,760

Style

Year Built

1945

Town/City

Island Lake

County/Region

Lake

MLS | Web ID

12756065

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Garage Spaces 1
Construction Materials Brick Block
Year Built 1945
Township Nunda
Tax Year 2025
Ownership Fee Simple
County McHenry
Insurance Expense 238
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 27
Status New
Directions West on Route 176 to Midway Drive (Roberts Road). Property is on the corner of 176 and Midway Drive (Roberts Road) on the Northwest Corner. Turn onto Midway Drive to enter the parking lot on your l
City Island Lake
High School District 118
MLS Area Island Lake
Tax Annual Amount 9760
Trash Expense 93
Standard Status Active
Middle/Junior School District 118
Elementary School District 118
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Interior
Basement Finished Walk-Out Access
Total Bedrooms 9
Total Baths 6
Bedrooms Possible 9
Full Baths Building 5
Half Baths Building 1
Total Number of Units 4
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Exterior
Parking Features Garage Door Opener Garage Yes Garage Owned Attached Unassigned Guest Parking Lot Owned
Lot Features Corner Lot
Water Source Public
Total Parking 15
Foundation Details Block Concrete Perimeter
Lot Dimensions 11863
Waterfront Y/N N
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* Excluded Features
List By
Century 21 Integra

Broker

kelly@kkrealestateteam.com;kellyvancehomes@gmail.com

Email

Affordability Calculator

$6,180
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,367
Monthly Property Taxes
$813
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
567660 Elementary School
565243 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2026$850,000 Listed Price

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106 W State Road, Island Lake, IL, 60042 is a Multi-Family Home for sale at $850,000. 106 W State Road has 9 bedrooms, 6.1 baths, and was built in 1945. The property's zip code is 60042 which is in Island Lake, IL