- For Sale $749,900
- Property Type Multi-Family
- Property Size 2,760 SF
- Lot Size 1.1 Acre
- Date Updated Oct 6, 2026
Description
The Lake-Heim is a fully operational waterfront cottage compound on Grass Lake, part of the Fox Chain O'Lakes system. Set on roughly 1.1 acres with about 131 feet of private walk-in sand-beach frontage, the property includes three furnished short-term-rental units, a private pier, a covered gazebo, a paver patio with firepit, and outdoor areas designed for lakefront use.
This is not just a rental property and not just a lake house - it is a rare combination of waterfront lifestyle, documented income, and future upside. A buyer can continue the existing short-term-rental operation, occupy one unit and rent the others, use it as a family compound, or explore expansion opportunities such as a fourth cottage or bonus-space conversion, subject to buyer verification and municipal approval.
Seller-provided Airbnb statements show roughly $60,423 in 2025 gross earnings, about 25% year-over-year growth, across approximately 393 booked nights. The property is already producing income, while still leaving room for a hands-on owner or operator to increase occupancy, improve pricing, expand distribution, and further develop the Lake-Heim brand.
All income, expense, occupancy, square-footage, frontage, zoning, STR-permitting and redevelopment figures are seller-provided or estimated and must be independently verified by buyer during due diligence.
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Contacts
REMAX Suburban
Location
Located at 27717 West Grass Lake Drive, Spring Grove, IL 60081, this property is part of the Spring Grove neighborhood and Chicago market.
REMAX Suburban