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About This Home
This 4-bedroom, 4-bathroom residential multi family at 27717 W Grass Lake Drive in Spring Grove, IL is listed for $749,900. Built in 1961, on a 1.13 acres lot.
Rare Chain O'Lakes waterfront cottage compound on Grass Lake! This unique property features three furnished short-term rental units on approximately 1.13 acres with approximately 131 feet of waterfront frontage, beach access, gazebo, patio/outdoor gathering areas, dock/floating dock access, and ample parking.
Currently operated as The Lake-Heim / Lotus Cottages, the property includes a 2-bedroom cabin, a 1-bedroom cabin, and an additional 1-bedroom lake cottage. 2025 Airbnb total earnings were approximately $60,423, with meaningful year-over-year growth and additional upside through improved occupancy, rate management, and continued STR operation.
Ideal for an investor, owner-user, family lakefront retreat, or buyer seeking personal use with rental income from the additional units. Former fourth structure/rebuild potential may offer additional upside, subject to buyer verification and municipal approval.
Key Features
- Built in 1961
- 1.13 acre lot
- 12 parking spaces
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$4,011/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
27717 W Grass Lake Drive
Spring Grove, IL 60081
Property Details
Construction
Heating
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 27717 W Grass Lake Drive is listed at $749,900. The estimated monthly payment is $3,250 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 1.13 acre lot, 12 parking spaces, Waterfront.
This property is listed by Jason Bitton and can be reached at (847) 259-0202 or jason@jasoncre.com.
