116 E Monaville Road, Lake Villa, IL 60046 (MLS # 12492112)

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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. See floor plans for detailed layouts of both residences.

DAYS ON MARKET 112 LAST UPDATED 1/28/2026
YEAR BUILT 1917 COMMUNITY Lake Villa / Lindenhurst
GARAGE SPACES 2.0 COUNTY Lake
STATUS Conditional PROPERTY TYPE(S) Single Family

SCHOOLS
School District Grayslake North High School
Elementary School William L Thompson School
Jr. High School Peter J Palombi School
High School Grayslake North High School

PRICE HISTORY
Prior to Nov 10, '25 $550,000
Nov 10, '25 - Today $525,000


ADDITIONAL DETAILS
AIR None
APPLIANCES Dryer, Range, Refrigerator, Washer
AREA Lake Villa / Lindenhurst
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Vinyl Siding
GARAGE Yes
HEAT Baseboard, Forced Air, Natural Gas, Steam
INTERIOR Walk-In Closet(s)
LOT 0
LOT DIMENSIONS 410x531x411x466
PARKING Garage Door Opener, Detached, Garage
SEWER Public Sewer
STYLE Farmhouse
TAXES 5415
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
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*Estimate only

SATELLITE VIEW



 
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Listed with Keller Williams North Shore West
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