$160,000
Lake Villa, IL 60046
Create your own private lake retreat - and explore the opportunity to turn it into an income-producing short-term rental when you're not using it. A rare opportunity in Unincorporated Lake Villa to design and build your own quiet escape on a 50x125 lot with views of Crooked Lake. Surrounded by mature trees and positioned with northern exposure, this property offers a peaceful, private setting with unobstructed lake views - the perfect backdrop for a custom home, weekend getaway, or personal retreat. Looking for more than personal use? This may also be an opportunity to build a property that works for both lifestyle and potential income, with short-term rental possibilities subject to applicable rules, permits, and approvals. Minutes from shopping, restaurants, and everyday conveniences, yet tucked away in a quiet natural setting. Bring your vision. Design your retreat. Create a property that can serve as both your private escape and a potential income opportunity. Drive by only Sold AS IS
Estimated monthly cost for this home
$1,029/mo
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.58%, 2026-07-23). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
| 2023 property taxes | $2,001/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
Assigned schools per the listing's MRED record. Always verify with the district before you buy.
Elementary
B J Hooper Elementary School
41
Middle
Peter J Palombi School
41
High school
Lakes Community High School117
See programs, enrollment & homes near this school →
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of Sterling Group Inc, listed by Beata Kozakiewicz.
Information last updated Jul 17, 2026, 3:49 PM.
38740 Anderle Avenue
Lake Villa, IL 60046

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Call 224-385-8779Sourced from the MRED MLS feed. Last updated when the listing was modified.