402 Channel Drive
Island Lake, IL, 60042 $ 369,900
Bedrooms2 Baths2.0 Sq 1,594 Monthly Estimate*
$ 2,555
for $369,900 with 2 bedrooms and 2 full baths. This 1,594 square foot home was built in 1952 on a lot size of 0.21.
Rare opportunity to own a beautifully updated, private channel-front home with access to Island Lake! Welcome to 402 Channel, a distinctive 2-bedroom, 2-bath ranch offering a unique combination of modern finishes, character, and waterfront living. Step inside to discover a spacious and inviting interior featuring beautiful flooring, recessed lighting, custom wood accent walls, and an open layout perfect for everyday living and entertaining. The expansive living and family room areas offer plenty of natural light, a sleek wall-mounted fireplace, and sliding glass doors leading to the outdoor patio. The beautifully updated kitchen is a true standout, featuring dark cabinetry, stunning live-edge wood countertops, stainless steel appliances, and plenty of cabinet and counter space. Both bathrooms have been tastefully updated, including a beautifully designed bathroom featuring a spacious walk-in shower with rainfall showerheads, custom tilework, and a modern floating vanity. A dedicated laundry area adds everyday convenience. Outside is where this property truly shines! Surrounded by beautifully landscaped Japanese-inspired gardens, mature trees, decorative brick and stonework, bamboo accents, and charming outdoor spaces, this property offers a peaceful and private retreat. Enjoy the channel-front setting with your own private dock, perfect for launching a kayak, canoe, or trolling-motor fishing boat and exploring Island Lake. The property also features an attached oversized garage and beautifully designed brick-paver driveway. Additional improvements include a newer roof, newer boiler, and new HVAC system. Residents can enjoy access to private neighborhood beaches and year-round outdoor activities, including kayaking, fishing, and ice fishing. Whether you're looking for a peaceful waterfront retreat or a unique place to call home, this one-of-a-kind property has so much to offer.
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FeaturesGeneralLiving Area 1594
Sewer Public Sewer
Heating Natural Gas Steam
Cooling Wall Unit(s)
Possession Closing
Roof Asphalt
Appliances Range Dishwasher Refrigerator Washer Dryer Stainless Steel Appliance(s)
HOA Fee 0
Garage Spaces 2.5
Association Fee Includes None
Architectural Style Step Ranch
Construction Materials Frame
Year Built 1952
Township Wauconda
Tax Year 2025
Ownership Fee Simple
Community Features Lake
Assoc Fee Paid Per Not Applicable
County Lake
New Construction N
Property Type Residential Detached Single
Subdivision Name Island Lake Estates
Other Structures None
Total Rooms 6
Full Baths 2
Status New
Directions Rt 176 to Lakeview N to Channel right to 402 (on left)
High School Wauconda Community High School
City Island Lake
High School District 118
MLS Area Island Lake
Elementary School Cotton Creek School
Tax Annual Amount 5590
Middle/Junior High School Matthews Middle School
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=m8h9UxpdcFE&brand=0
Standard Status Active
Middle/Junior School District 118
Elementary School District 118
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InteriorInterior Amenities Built-in Features
Basement None
Total Fireplaces 1
Fireplace Features Electric
Half Baths 0
Laundry Features In Unit Sink
Total Bedrooms 2
Room Type No additional rooms
Total Baths 2
Bedrooms Possible 2
Bathroom Separate Shower
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ExteriorModel Raised Ranch
Parking Features Brick Driveway Garage Door Opener Yes Garage Owned Attached Garage
Lot Features Channel Front
Water Source Public
Total Parking 2.5
Foundation Details Concrete Perimeter
Lot Dimensions 60X156
Lot Size Acres 0.21
Waterfront Y/N Y
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
marla.schneider@cbexchange.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,555
- Monthly Property Taxes
- $466
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbySingle family listings in Island Lake, IL
Average List Price $434,675
Percent of Sale Price 18%
About Island Lake, IL 7,905 Population
0% Since 2002
$ 71,475 Median Income
39.68 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
565563 Elementary School
566168 Middle School
Wauconda Community High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/9/2026 | $369,900 | | Listed Price |