# 27717 W Grass Lake Drive, Spring Grove, IL 60081

> **TL;DR:** 4bd/4ba residential multi family, $749,900, built 1961.
> Waterfront. Est. $3,250/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $749,900 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Year Built | 1961 |
| Lot Size | 49,223 sqft (1.13 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,250 |
| **Total** | **$3,250** |

## Nearby Schools

- **Elementary:** Lotus
- **High:** Grant Community High School

## Key Amenities

- Waterfront

## Property Highlights

- Built in 1961
- 1.13 acre lot
- 12 parking spaces
- Waterfront

## Description

### Agent Description
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.

## Location

- **Address:** 27717 W Grass Lake Drive, Spring Grove, IL 60081
- **County:** Lake
- **Coordinates:** 42.430222, -88.171513
- **Google Maps:** https://www.google.com/maps?q=42.430222,-88.171513

## Listing Agent

- **Name:** Jason Bitton
- **Brokerage:** RE/MAX Suburban
- **Phone:** (847) 259-0202
- **Email:** jason@jasoncre.com

## Primary Photo

![27717 W Grass Lake Drive - Primary Photo](http://lh.rdcpix.com/58b4540f67aa59037c3ba90ad9fac309l-f4236788419r.jpg)

*37 total photos available on [listing page](https://www.propertysimple.com/listing/27717-w-grass-lake-drive-spring-grove-il-60081-12685454)*

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**MLS#:** 12685454 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/27717-w-grass-lake-drive-spring-grove-il-60081-12685454)

---

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