Value-add opportunity in Lake Villa, IL. This 3-bedroom, 2-bath single-family home offers approximately 1,080 sq ft of living space on a 10,502 sq ft lot in Lake County. The property is in solid structural condition with major exterior components already updated, including a newer roof, soffit, and fascia.

Located in a desirable residential area with lake rights (buyer to verify with the Village), this property presents strong upside for investors or end buyers seeking a fix-and-flip or rental opportunity in Lake Villa.

Property Details

• Asking Price: $250,000
• Size: 1,080 sq ft
• Lot Size: 10,502 sq ft
• Beds/Baths: 3 / 2
• Property Type: Single-Family Home
• County: Lake County, IL
• Occupancy: Vacant at closing

Investment Highlights

• ARV: ~$350,000
• Estimated Rent: ~$2,500/month
• Lake rights (verify with Village)
• Newer roof, soffit, and fascia already completed
• Solid structure with no reported major issues
• Ideal for fix-and-flip or long-term rental strategy

Condition & Rehab Scope

Condition: Light to moderate rehab opportunity

Interior updates likely needed:

• Paint throughout
• Flooring updates
• Kitchen modernization (cabinets, countertops, appliances – cosmetic)
• Bathroom updates
• Fixtures and finishes outdated

Takeaway: Not a full gut rehab, but not turnkey. Strong candidate for value-add improvements.

Why Invest in Lake Villa, IL

Lake Villa and the surrounding Lake County area are known for their suburban appeal, access to outdoor recreation, and consistent buyer and renter demand. Properties with larger lots and lake access features tend to attract strong interest, especially when updated.

With limited inventory and continued demand in the area, well-renovated homes can command strong resale values and rental income.

Terms & Access

• Purchase Type: Cash or hard money preferred
• Access: By appointment only

Contact
For all inquiries, showing requests, or additional information, please call 1-888-775-4570 or email sales@sharpedgeproperty.com.