116 E Monaville Road, Lake Villa, IL 60046

Local realty services provided by:Better Homes and Gardens Real Estate Connections
116 E Monaville Road,Lake Villa, IL 60046
$550,000
  • 6 Beds
  • 3 Baths
  • 4,754 sq. ft.
  • Single family
  • Active
Listed by:nikki nielsen
Office:keller williams north shore west
MLS#:12492112
Source:MLSNI

Price summary

  • Price:$550,000
  • Price per sq. ft.:$115.69

About this home

Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied.

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Home facts

  • Year built:1917
  • Listing ID #:12492112
  • Added:1 day(s) ago
  • Updated:October 15, 2025 at 03:28 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:4,754 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Natural Gas, Steam

Structure and exterior

  • Roof:Asphalt
  • Year built:1917
  • Building area:4,754 sq. ft.

Schools

  • High school:Grayslake Central High School
  • Middle school:Peter J Palombi School
  • Elementary school:William L Thompson School

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$115.69
  • Tax amount:$5,415 (2024)
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