Active
$369,900
402 Channel Drive
Island Lake, IL 60042 · Island Lake Estates
Explore the Island Lake Estates neighborhood →- Beds
- 2
- Baths
- 2 full
- Sqft
- 1,594
- $/sqft
- $232
- Lot
- 0.21 ac
- Built
- 1952
- Type
- Ranch
- MLS#
- MRD12780527
About this home
Rare opportunity to own a beautifully updated, private channel-front home with access to Island Lake! Welcome to 402 Channel, a distinctive 2-bedroom, 2-bath ranch offering a unique combination of modern finishes, character, and waterfront living. Step inside to discover a spacious and inviting interior featuring beautiful flooring, recessed lighting, custom wood accent walls, and an open layout perfect for everyday living and entertaining. The expansive living and family room areas offer plenty of natural light, a sleek wall-mounted fireplace, and sliding glass doors leading to the outdoor patio. The beautifully updated kitchen is a true standout, featuring dark cabinetry, stunning live-edge wood countertops, stainless steel appliances, and plenty of cabinet and counter space. Both bathrooms have been tastefully updated, including a beautifully designed bathroom featuring a spacious walk-in shower with rainfall showerheads, custom tilework, and a modern floating vanity. A dedicated laundry area adds everyday convenience. Outside is where this property truly shines! Surrounded by beautifully landscaped Japanese-inspired gardens, mature trees, decorative brick and stonework, bamboo accents, and charming outdoor spaces, this property offers a peaceful and private retreat. Enjoy the channel-front setting with your own private dock, perfect for launching a kayak, canoe, or trolling-motor fishing boat and exploring Island Lake. The property also features an attached oversized garage and beautifully designed brick-paver driveway. Additional improvements include a newer roof, newer boiler, and new HVAC system. Residents can enjoy access to private neighborhood beaches and year-round outdoor activities, including kayaking, fishing, and ice fishing. Whether you're looking for a peaceful waterfront retreat or a unique place to call home, this one-of-a-kind property has so much to offer.
Payment calculator
Estimated monthly cost for this home
20% · $74K
%
Term
$2,623/mo
- Principal & interest
- $2,049
- Property taxes
- $466
- Home insurance (est.)
- $108
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (7.4%, 2026-10-08). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
Price & tax history
| 2025 property taxes | $5,590/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.
Schools
Assigned schools per the listing's MRED record. Always verify with the district before you buy.
Elementary
Cotton Creek School
118
Middle
Matthews Middle School
118
High school
Wauconda Community High School118
See programs, enrollment & homes near this school →
Where it sits
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of Coldwell Banker Realty, listed by Marla Schneider.
Information last updated Oct 9, 2026, 8:10 PM.
402 Channel Drive
Island Lake, IL 60042
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Call 224-385-8779Property details
Sourced from the MRED MLS feed. Last updated when the listing was modified.
- Cooling
- Wall Unit(s)
- Heating
- Natural Gas, Steam
- Basement
- None
- Appliances
- Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
- Rooms total
- 6
- Window features
- Skylight(s)
- Fireplaces total
- 1
- Laundry features
- In Unit, Sink
- Interior features
- Built-in Features
- Fireplace features
- Electric
Explore Island Lake
- Homes for sale in Island Lake
- Island Lake Estates communityMarket trends, FAQs, and every home for sale here
- Wauconda Community High SchoolZoned high school - programs, enrollment, and homes nearby
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