116 E Monaville Road, Lake Villa, IL 60046

Closed

6 beds 3 baths 4,754 sqft (assessor) Built 1917 Residential MLS #MRD12492112 108 days on market

Listing courtesy of Keller Williams North Shore West · 847-383-6600 · MLS #MRD12492112 · Status: Closed

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.

Property details

Interior

Appliances: Range, Refrigerator, Washer, Dryer
Basement: Unfinished, Full
Additional rooms: Kitchen, Bedroom 5, Bedroom 6, Eating Area, Enclosed Porch, Great Room, Recreation Room, Storage, Walk In Closet
Total rooms: 14

Building & exterior

Style: Farmhouse
Age: 100+ Years
Exterior: Vinyl Siding
Roof: Asphalt
Other structures: Guest House

Parking

Garage spaces: 2
Total spaces: 2
Parking details: Garage Door Opener, Yes, Garage Owned, Detached, Garage

Lot & location

Lot dimensions: 410x531x411x466
Lot description: Mature Trees
Township: Lake Villa
County: Lake

Utilities

Heating: Natural Gas, Forced Air, Steam, Baseboard
Cooling: None
Water: Public
Sewer: Public Sewer

HOA & community

Assessment includes: None

Schools

Elementary: William L Thompson School (41)
Junior high: Peter J Palombi School (41)
High school: Grayslake North High School (127)

Taxes & terms

Annual taxes: $5,415 (2024)
Parcel number (PIN): 06091000160000
PIN: 06091000160000
Ownership: Fee Simple
Possession: Closing
Special conditions: None
Listed: 10/13/2025
Sold: 3/16/2026
Sold price: $505,000

Want to see this home?

The Dawn Simmons Team (RE/MAX Suburban) can show you any listed property and give you a straight answer on what it's really worth. Call/text Josh at (224) 628-4013.

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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