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!
Active
$1,800,000
406 Monaville Rd, Lake Villa, IL 60046
--beds
--baths
28.5Acres
Unimproved Land
Built in ----
28.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 123 days
- 86
- 5
Zillow last checked:
Listing updated:
Listed by:
Bilal Hussain 224-616-9773,
Ellsbury Group LLC
Source: MRED as distributed by MLS GRID,MLS#: 12605954
Facts & features
Property
Features
- Frontage length: 1042
Lot
- Size: 28.5 Acres
Details
- Parcel number: 06081000480000
- Zoning: SINGL
- Special conditions: None
Utilities & green energy
- Utilities for property: Electricity Nearby, Natural Gas Nearby
Community & HOA
Location
- Region: Lake Villa
Financial & listing details
- Tax assessed value: $66,516
- Annual tax amount: $1,987
- Date on market: 5/18/2026
- Ownership: Fee Simple
- Road surface type: None
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $1,800,000+718.2% |
Source:  MRED as distributed by MLS GRID #12605954 Report a problem | ||
| 10/15/2025 | Sold | $220,000-11.6% |
Source: MRED as distributed by MLS GRID #12193265 Report a problem | ||
| 3/3/2025 | Contingent | $249,000 |
Source: MRED as distributed by MLS GRID #12193265 Report a problem | ||
| 3/3/2025 | Listed for sale | $249,000 |
Source: MRED as distributed by MLS GRID #12193265 Report a problem | ||
| 2/14/2025 | Listing removed | $249,000 |
Source: MRED as distributed by MLS GRID #12193265 Report a problem | ||
| 10/30/2024 | Listed for sale | $249,000-32% |
Source: MRED as distributed by MLS GRID #12193265 Report a problem | ||
| 3/16/2021 | Sold | $366,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,987 -48.2% | $24,126 +8.8% |
| 2023 | $3,836 -29.7% | $22,170 -43.7% |
| 2022 | $5,456 +3.9% | $39,349 -27% |
| 2021 | $5,252 +0.6% | $53,913 +11.3% |
| 2020 | $5,218 -2% | $48,419 +4.3% |
| 2019 | $5,326 -8.3% | $46,401 -14.4% |
| 2018 | $5,809 | $54,216 +3.1% |
| 2017 | $5,809 -6.3% | $52,591 +4.5% |
| 2016 | $6,201 -6.1% | $50,350 +6.5% |
| 2015 | $6,602 +5.3% | $47,275 -8.2% |
| 2014 | $6,268 | $51,515 -0.1% |
| 2012 | -- | $51,554 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 60046
Nearby schools
Schools provided by the listing agent
- District: 41
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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