Rare turnkey waterfront compound on Grass Lake (Fox Chain O'Lakes) - three fully furnished, income-producing short-term-rental units that sleep up to 12, two of them Airbnb "Guest Favorites." About 131' of private walk-in sand beach (uncommon on the Chain) on ~1.1 acres, with a private pier, gazebo, firepit patio, RV/boat storage and canoe/kayak access. Seller-provided 2025 Airbnb total ~$60,423 (+25 YoY) with clear room to grow. Four full baths plus a bonus room take it to up to 5 BR / 4 BA, and a former legal, conforming 4th-cottage site offers rebuild potential (verify). Live in one unit and rent the others, run it as an STR, hold as a family compound, or expand. About 50-60 miles NW of Chicago near Blarney Island and Chain O'Lakes State Park. Offering memorandum available. All information seller-provided and deemed reliable but not guaranteed; buyer to verify.
Re-activated
$749,900
27717 W Grass Lake Dr, Spring Grove, IL 60081
5beds
--sqft
Multi Family
Built in 1961
-- sqft lot
$739,400 Zestimate®
$--/sqft
$-- HOA
What's special
Private pierBonus roomFirepit patio
- 68 days
- 780
- 55
Zillow last checked:
Listing updated:
Listed by:
Jason Bitton 847-858-2909,
RE/MAX Suburban
Source: MRED as distributed by MLS GRID,MLS#: 12685454
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: None
Property
Parking
- Total spaces: 12
- Parking features: Yes
Features
- Patio & porch: Deck, Patio
- Exterior features: Boat Slip, Fire Pit
- Has view: Yes
- View description: Water, Back of Property
- Has water view: Yes
- Water view: Water,Back of Property
- Waterfront features: Beach Access, Lake Front
- Body of water: GRASS LAKE
Lot
- Size: 1.13 Acres
- Dimensions: 25X645X131X623
- Features: Wooded, Rear of Lot
Details
- Additional structures: Shed(s), Boat Dock, Cabana
- Parcel number: 01273000240000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1961
- Major remodel year: 2024
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Spring Grove
Financial & listing details
- Annual tax amount: $12,918
- Date on market: 6/23/2026
- Ownership: Fee Simple
Estimated market value
$739,400
$702,000 - $776,000
$3,156/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Listed for sale | $749,900 |
Source:  MRED as distributed by MLS GRID #12685454 Report a problem | ||
| 8/12/2026 | Contingent | $749,900 |
Source: MRED as distributed by MLS GRID #12685454 Report a problem | ||
| 6/23/2026 | Listed for sale | $749,900+33.9% |
Source: MRED as distributed by MLS GRID #12685454 Report a problem | ||
| 7/28/2023 | Sold | $560,000-9.7% |
Source: MRED as distributed by MLS GRID #11801957 Report a problem | ||
| 6/24/2023 | Contingent | $620,000 |
Source: MRED as distributed by MLS GRID #11801957 Report a problem | ||
| 6/7/2023 | Listed for sale | $620,000+63.2% |
Source: MRED as distributed by MLS GRID #11801957 Report a problem | ||
| 10/16/2021 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11028305 Report a problem | ||
| 9/8/2021 | Price change | $380,000-0.8% |
Source: MRED as distributed by MLS GRID #11028305 Report a problem | ||
| 8/19/2021 | Price change | $383,000-0.5% |
Source: MRED as distributed by MLS GRID #11028305 Report a problem | ||
| 7/27/2021 | Price change | $385,000-0.5% |
Source: MRED as distributed by MLS GRID #11028305 Report a problem | ||
| 6/2/2021 | Price change | $387,000-0.8% |
Source: MRED as distributed by MLS GRID #11028305 Report a problem | ||
| 4/8/2021 | Price change | $390,000-2.5% |
Source: MRED as distributed by MLS GRID #11028305 Report a problem | ||
| 3/22/2021 | Listed for sale | $400,000 |
Source: MRED as distributed by MLS GRID #11028305 Report a problem | ||
| 1/1/2021 | Listing removed | $400,000 |
Source: Chicagoland Brokers Inc. #10847134 Report a problem | ||
| 9/4/2020 | Listed for sale | $400,000 |
Source: Chicagoland Brokers Inc. #10847134 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60081
Nearby schools
Schools provided by the listing agent
- Elementary: Lotus
- High: Grant Community High School
- District: 114
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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