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PRIME FOX LAKE INVESTMENT OPPORTUNITY - HIGH UPSIDE & MAJOR CAPITAL UPGRADES COMPLETE! Positioned directly in the heart of Fox Lake with serene water views and convenient lake access, 74 Cathryn St presents an incredible opportunity for savvy investors, project-driven buyers, or short-term rental operators looking to add value in a high-demand resort location. BRAND-NEW TEAR OFF ROOF COMPLETED THIS YEAR: The heaviest capital expenditure is already taken care of with a brand-new, full tear-off roof replacement, protecting your bottom line from day one. NEWER AC SYSTEM: Replaced central air compressor unit within the last 5 years reduces initial repair overhead and keeps mechanicals solid. UNBEATABLE LOCATION & ACCESS: Clear lake views and swimming and recreation at nearby Lakefront Park within walking distance deliver a major selling point for future tenants, buyers, or vacation guests. MASSIVE EQUITY & VALUE-ADD POTENTIAL: Bring your toolbox or contractor team to update the interior finishes. The functional layout provides a solid canvas to execute a high-ROI rehab, create a lucrative long-term rental (permit required for short term rentals), or design an attractive vacation getaway on the Chain. Whether you're looking to flip, buy-and-hold, or build sweat equity in a waterfront community, major work including the roof and driveway is already done-now it's ready for your vision. Property is being sold AS-IS. CASH OR REHAB FINANCING ONLY.
| DAYS ON MARKET | 22 | LAST UPDATED | 9/3/2026 |
|---|---|---|---|
| YEAR BUILT | 1945 | COMMUNITY | Fox Lake |
| COUNTY | Lake | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Grant Community High School |
|---|---|
| Elementary School | Lotus School |
| Jr. High School | Stanton School |
| High School | Grant Community High School |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Fox Lake |
| BASEMENT | Full, Partially Finished, Walk-Out Access, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Natural Gas |
| LOT | 0 |
| LOT DIMENSIONS | 35 x 80 |
| PARKING | Concrete, Driveway |
| SEWER | Public Sewer |
| TAXES | 4905 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.