IL
Lake
Spring Grove
60081
27717 W Grass Lake Drive
27717 W Grass Lake Drive, Spring Grove, IL 60081
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Listing Type
Multi Family
Listing Status
Active
37
$749,900

Home Details for 27717 W Grass Lake Drive

Price
$749,900
Type
Residential Income
Bedrooms
4
Total Bathrooms
4
Year built
1961
Lot size acres
1.13
County
Lake
Total rooms
7
Basement
None
MLS Listing#
12685454
Property 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.

Property Features
  • Heating Information
    • Natural Gas
  • Water Features
    • Well
  • Basement
    • None
School Information
School Information for 27717 W Grass Lake Drive, Spring Grove, IL 60081
Elementary School
Lotus
Middle School
N/A
High School
Grant Community High School
Listing Courtesy: RE/MAX Suburban - 847-367-8686
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-06-23 18:50:39. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-06-23 18:50:39
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2775 Algonquin Rd Suite 350, Rolling Meadows, IL 60008
Office
773 250 7410
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