Description
PRIME FOX LAKE INVESTMENT OPPORTUNITY - HIGH UPSIDE & MAJOR CAPITAL UPGRADES COMPLETE! Positioned directly in the heart of Fox Lake with serene water views and convenient lake access, 74 Cathryn St presents an incredible opportunity for savvy investors, project-driven buyers, or short-term rental operators looking to add value in a high-demand resort location. BRAND-NEW TEAR OFF ROOF COMPLETED THIS YEAR: The heaviest capital expenditure is already taken care of with a brand-new, full tear-off roof replacement, protecting your bottom line from day one. NEWER AC SYSTEM: Replaced central air compressor unit within the last 5 years reduces initial repair overhead and keeps mechanicals solid. UNBEATABLE LOCATION & ACCESS: Clear lake views and swimming and recreation at nearby Lakefront Park within walking distance deliver a major selling point for future tenants, buyers, or vacation guests. MASSIVE EQUITY & VALUE-ADD POTENTIAL: Bring your toolbox or contractor team to update the interior finishes. The functional layout provides a solid canvas to execute a high-ROI rehab, create a lucrative long-term rental (permit required for short term rentals), or design an attractive vacation getaway on the Chain. Whether you're looking to flip, buy-and-hold, or build sweat equity in a waterfront community, major work including the roof and driveway is already done-now it's ready for your vision. Property is being sold AS-IS. CASH OR REHAB FINANCING ONLY.
Details
| MLS # | 12735706 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 19 |
| Listing Provided By | 1 Percent Lists Homegrown Realty | Jacob McVey |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,456 |
| Basement | Y |
Interior
| Rooms Total | 6 |
|---|---|
| Cooling | Central Air |
| Heating | Natural Gas |
| Fireplaces Total | 0 |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Vinyl Siding |
| Patio And Porch Features | Patio |
Parking
| Parking Features | Concrete, Driveway, Yes, Owned |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 4905 |
Area Information
| State | IL |
|---|---|
| County | Lake |
| City | Fox Lake |
| Zip Code | 60020 |
| Area | Fox Lake |
| School District | Grant Community High School |
| Elementary School | Lotus School |
| High School | Grant Community High School |
| Listing VS Median (in 60020) | |
Price: $200,000 low | high Med: $309,900 sqft: 1,456 low | high Med: 1,676 $ / sqft: $137 low | high Med: $185 On site: 19 low | high Med: 62 | |
Market Activity 60020
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Learn More About This Property
| State | IL |
|---|---|
| County | Lake |
| City | Fox Lake |
| Zip Code | 60020 |
| Area | Fox Lake |
| School District | Grant Community High School |
| Elementary School | Lotus School |
| High School | Grant Community High School |
| Listing VS Median (in 60020) | |
Price: $200,000 low | high Med: $309,900 sqft: 1,456 low | high Med: 1,676 $ / sqft: $137 low | high Med: $185 On site: 19 low | high Med: 62 | |