Welcome, investors! A charming two-apartment property nestled in the heart of the Village of Fox Lake. Located steps from Nippersink Lake and Park. This easy-to-operate investment boasts a spacious first-level apartment and a second-level studio apartment. Each unit offers its unique blend of comfort and convenience. Each unit features separate utilities and on-site parking. The full basement is currently unfinished. Consider a vision of operating your own business in Fox Lake. The residents can enjoy the rear yard for outside gatherings. The side drive offers convenient parking, adding to the property's appeal. It's only a few steps from the newly constructed and picturesque Lakefront Park and Nippersink Lake. Residents can enjoy the aliveness of activities and events. The vibrant entertainment area of downtown Fox Lake is also within easy reach. The easy access Fox Lake train station and Rte 12 Rand Rd nearby. This property is an excellent opportunity for investors or live-in owners. The affordable expenses and rental demand make this easy to own. Don't miss the chance to own a piece of Fox Lake's charm at 43 Nippersink Rd - where investment potential and lakeside living harmoniously meet. Long-time month-to-month tenants on the 1st floor paying lower than market rent.
Multi-familyProperty Type
1940Year Built
4,356 sq ftLot Size
6 spacesParking
Listed by Ted Breden• Keller Williams Success Realty
GREAT LOCATION IN THE CENTER OF TOWN ACROSS FROM THE TRAIN STATION AND 1 BLOCK FROM THE LAKEFRONT PARK FOR PLAYGROUND, FISHING AND VILLAGE EVENTS. TWO UNIT BUILDING WITH PAVED PARKING AND A FENCED REAR YARD. FIRST FLOOR IS A SPACIOUS 2 OR 3 BEDROOM UNIT WITH 1.1 BATHS. SMALL SECOND FLOOR UNIT WITH KITCHEN, BEDROOM & BATH. $1,300 MONTHLY INCOME PROVIDES A NICE RETURN ON INVESTMENT. VERY LOW VACANCY RATE AS UNITS RENT QUICKLY DUE TO LOCATION. 1ST FLOOR TENANT WOULD LIKE TO SIGN MULTI-YEAR LEASE. PREVIOUS INSPECTION HAS BEEN UPLOADED TO MRED. SELLER FEELS MANY ITEMS ARE EXAGGERATED. SELLER WILL ONLY ACCEPT AN OFFER "AS IS" WITH INSPECTION WAIVED. BUYERS ARE ENCOURAGED TO LOOK THE BUILDING OVER IN DETAIL BEFORE MAKING AN OFFER.
MRED as Distributed by MLS Grid #09348631
Sep 25, 2016
Listing Removed
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MRED as Distributed by MLS Grid #09272702
Sep 21, 2016
Listing Removed
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MRED as Distributed by MLS Grid #09157389
Jun 29, 2016
Listing Removed
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MRED as Distributed by MLS Grid #09105279
Mar 6, 2016
Listing Removed
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MRED as Distributed by MLS Grid #09053775
Dec 20, 2015
Listing Removed
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MRED as Distributed by MLS Grid #08883411
Aug 21, 2015
Listing Removed
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Apr 18, 2015
Listing Removed
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MRED as Distributed by MLS Grid #08098194
Jun 27, 2012
Listing Removed
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Public Records
Dec 1, 1984
Sold
$40,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,896 (+11.9%)
$5,815 + $58,445
$64,260
2024
$4,376 (+6.6%)
$5,815 + $58,445
$64,260
2023
$4,103 (−1.6%)
$5,385 + $48,117
$53,502
2022
$4,170 (+12.5%)
$5,074 + $41,687
$46,761
2021
$3,708 (+0.6%)
$3,756 + $42,083
$45,839
2020
$3,687 (+4.7%)
$3,541 + $36,044
$39,585
2019
$3,522 (+10.8%)
$3,346 + $33,777
$37,123
2018
$3,178 (+4.5%)
$4,198 + $28,246
$32,444
2017
$3,040 (−0.9%)
$4,198 + $28,246
$32,444
2016
$3,069 (+4.9%)
$3,880 + $26,108
$29,988
2015
$2,927 (+2.8%)
$3,549 + $23,878
$27,427
2013
$2,847 (−9.3%)
$6,038 + $14,702
$20,740
2012
$3,139 (−0.4%)
$6,342 + $26,062
$32,404
2011
$3,151 (+8.2%)
$6,620 + $29,927
$36,547
2010
$2,912 (−13.9%)
$7,285 + $30,471
$37,756
2008
$3,383 (+7.2%)
$7,565 + $41,097
$48,662
2007
$3,157
$7,341 + $39,879
$47,220
Tax history for 43 Nippersink Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,896 (+11.9%)
$5,815 + $58,445
$64,260
2024
$4,376 (+6.6%)
$5,815 + $58,445
$64,260
2023
$4,103 (−1.6%)
$5,385 + $48,117
$53,502
2022
$4,170 (+12.5%)
$5,074 + $41,687
$46,761
2021
$3,708 (+0.6%)
$3,756 + $42,083
$45,839
2020
$3,687 (+4.7%)
$3,541 + $36,044
$39,585
2019
$3,522 (+10.8%)
$3,346 + $33,777
$37,123
2018
$3,178 (+4.5%)
$4,198 + $28,246
$32,444
2017
$3,040 (−0.9%)
$4,198 + $28,246
$32,444
2016
$3,069 (+4.9%)
$3,880 + $26,108
$29,988
2015
$2,927 (+2.8%)
$3,549 + $23,878
$27,427
2013
$2,847 (−9.3%)
$6,038 + $14,702
$20,740
2012
$3,139 (−0.4%)
$6,342 + $26,062
$32,404
2011
$3,151 (+8.2%)
$6,620 + $29,927
$36,547
2010
$2,912 (−13.9%)
$7,285 + $30,471
$37,756
2008
$3,383 (+7.2%)
$7,565 + $41,097
$48,662
2007
$3,157
$7,341 + $39,879
$47,220
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
4,356
Year renovated
1969
Sq. Ft.
1,489
Year built
1940
Style
Multi-Family (2-4 Unit)
County
Lake County
APN
05-09-202-012
Parking Spaces
6
Basement
Yes
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Nov 21, 2025.
R-4
General Residence District
The R-4 general residence district is established to provide a higher density urban environment than the R-3 district where the principal use of the land is for multi-family housing where all of the facilities for urban living are available.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Park & open space
Property details
Parking
Parking Information
# of Parking (Total): 6
Parking Features: Off Street
Interior
Bathroom Information
# of Baths (Full): 2
# of Baths (1/2): 1
Bedroom Information
# of Bedrooms: 4
# of Bedrooms Possible: 4
Additional Rooms Information
Basement: Full
Interior Features
# of Rooms: 7
Exterior
Building Information
# Of Units in Building: 2
Age: 81-90 Years
Built Before 1978 (Y/N): Yes
Roof: Asphalt
Property Information
Property Type: Two to Four Units
Conversion (Y/N): Y
Model: 2 FLAT
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
General Information: School Bus Service,Commuter Bus,Commuter Train