Attention investors and rehabbers! This 3-bedroom, 1-bath home with a 2.5-car garage is a prime fix & flip opportunity just steps from scenic Wooster Lake in Ingleside! Enjoy lake rights with water access! With the right vision, design, and finishes, the ARV is estimated around $270K, plenty of room for solid profit potential and appreciation as a long-term rental cash cow. The home sits on a spacious lot in a desirable lake community, offering the perfect setting for a standout resale or rental. Whether you're a seasoned investor or looking for your next project, this one has great bones and even better upside. Don't miss your chance to capitalize on this hidden gem! property being sold AS-IS WHERE IS.
Single-familyProperty Type
1955Year Built
8,800 sq ftLot Size
$219Est. Price/Sq.Ft.
2 car garageParking
Listed by Brandon Salinas• Keller Williams North Shore West
Bought with David Raymond• Keller Williams North Shore West
Ranch house . Attention Builders !! Many possibilities here - rent the house and build a new home ! 3 improved lots are included ! 26178 Reed str, 120'x110', Garage is at 26168 Reed str. 40'x110". Just steps from Wooster Lake with private beach and boat slip! Bring all reasonable offers - motivated seller!
Year
Property tax
Land + Additions
Assessment*
2025
$2,477 (+2.8%)
$4,745 + $42,124
$46,869
2024
$2,410 (−0.3%)
$4,745 + $42,124
$46,869
2023
$2,416 (−18.2%)
$4,394 + $39,011
$43,405
2022
$2,955 (+2.2%)
$4,139 + $36,751
$40,890
2021
$2,892 (+20.7%)
$3,342 + $37,563
$40,905
2020
$2,396 (+4.1%)
$3,150 + $35,407
$38,557
2019
$2,301 (+124.5%)
$2,978 + $27,825
$30,803
2018
$1,025 (−3.5%)
$2,802 + $28,758
$31,560
2017
$1,062 (−10.2%)
$2,802 + $28,758
$31,560
2016
$1,183 (−3.7%)
$2,590 + $26,581
$29,171
2015
$1,229 (+6.4%)
$2,369 + $24,310
$26,679
2013
$1,155 (+2.2%)
$3,870 + $23,407
$27,277
2012
$1,130 (+8.1%)
$4,063 + $29,806
$33,869
2011
$1,045 (+11.1%)
$4,320 + $31,688
$36,008
2010
$941 (+11.0%)
$4,566 + $32,195
$36,761
2008
$848 (−7.1%)
$4,695 + $33,263
$37,958
2007
$912
$4,556 + $32,277
$36,833
Tax history for 26158 W Reed St
Year
Property tax
Land + Additions
Assessment*
2025
$2,477 (+2.8%)
$4,745 + $42,124
$46,869
2024
$2,410 (−0.3%)
$4,745 + $42,124
$46,869
2023
$2,416 (−18.2%)
$4,394 + $39,011
$43,405
2022
$2,955 (+2.2%)
$4,139 + $36,751
$40,890
2021
$2,892 (+20.7%)
$3,342 + $37,563
$40,905
2020
$2,396 (+4.1%)
$3,150 + $35,407
$38,557
2019
$2,301 (+124.5%)
$2,978 + $27,825
$30,803
2018
$1,025 (−3.5%)
$2,802 + $28,758
$31,560
2017
$1,062 (−10.2%)
$2,802 + $28,758
$31,560
2016
$1,183 (−3.7%)
$2,590 + $26,581
$29,171
2015
$1,229 (+6.4%)
$2,369 + $24,310
$26,679
2013
$1,155 (+2.2%)
$3,870 + $23,407
$27,277
2012
$1,130 (+8.1%)
$4,063 + $29,806
$33,869
2011
$1,045 (+11.1%)
$4,320 + $31,688
$36,008
2010
$941 (+11.0%)
$4,566 + $32,195
$36,761
2008
$848 (−7.1%)
$4,695 + $33,263
$37,958
2007
$912
$4,556 + $32,277
$36,833
*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
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
4,400 Sq. Ft.
Year renovated
1955
Sq. Ft.
1,200
Year built
1955
Style
Single Family Residential
County
Lake County
APN
05-23-204-020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R-2
Residential District
The R-2 Zoning Districts are expected to accommodate a large percentage of the residential growth projected in unincorporated Lake County over the 20-year planning horizon covered by the Regional Framework Plan. The districts are primarily intended to accommodate moderate density residential development that can be served by the full range of infrastructure. The districts are generally intended to be applied in areas with existing infrastructure. The uses and densities allowed in the R-2 Districts 1.33 to 2.5 units per acre offer county residents a variety of housing choices in the moderate density range. The R-2 Districts are intended to implement the Regional Framework Plan’s Residential future land use designations.
Permitted uses
Include but are not limited to:
Equestrian facility
Religious facility
Housing-Single unit
Public service
Educational/school
Golf related
Communications tower
Agriculture-Cropland
Park & open space
Water related-Wetland
Property details
Parking
Parking Information
# of Garage Spaces: 2
# of Parking (Total): 2
Parking Features: Asphalt, On Site, Garage Owned, Detached, Garage
Interior
Bathroom Information
# of Baths (Full): 1
Bedroom Information
# of Bedrooms: 3
# of Bedrooms Possible: 3
Room Information
Room Type: Bedroom 2
Level: Main
Dimensions: 10 x 10
Flooring: Other
Room Information
Room Type: Bedroom 3
Level: Main
Dimensions: 10 x 10
Flooring: Other
Room Information
Room Type: Bedroom 4
Room Information
Room Type: Dining Room
Level: Main
Dimensions: 15 x 10
Flooring: Wood Laminate
Room Information
Room Type: Family Room
Level: Main
Dimensions: 15 x 13
Flooring: Hardwood
Room Information
Room Type: Kitchen
Level: Main
Dimensions: 15 x 12
Flooring: Wood Laminate
Room Information
Room Type: Laundry
Level: Main
Dimensions: 12 x 5
Flooring: Wood Laminate
Room Information
Room Type: Living Room
Level: Main
Dimensions: 15 x 14
Flooring: Hardwood
Room Information
Room Type: Master Bedroom
Level: Main
Dimensions: 12 x 12
Flooring: Other
Bath: None
Additional Rooms Information
Dining Room: Separate
Basement: Crawl Space
Laundry Features: Gas Dryer Hookup
Interior Features
# of Rooms: 7
Equipment
Appliances: Range, Washer, Dryer
Exterior
Building Information
Living Area Source: Assessor
Age: 61-70 Years
Built Before 1978 (Y/N): Yes
Roof: Asphalt
Construction Materials: Aluminum Siding
Aprox. Total Finished Sq Ft: 1,200
Property Information
Property Type: Detached Single
Property Type: 1 Story
Main Sq Ft: 1200
Ownership: Fee Simple
Property Currently Being Leased: No
Rebuilt (Y/N): No
Rehab (Y/N): No
Total Finished/Unfinshed Sq Ft: 1,200
Total Sq Ft: 1,200
General Information: School Bus Service,Commuter Train
Parcel Number: 05232040200000
Additional Parcels Description: 05232040190000
Lot Information
Dimensions: 80X110
Lot Size: .25-.49 Acre
Financial
Tax Information
Tax Annual Amount: $2,854
Tax Year: 2024
Tax Exemptions: Homeowner
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Water Source: Well
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas, Forced Air
Cooling: Central Air
Location
Community Information
Community Features: Lake, Dock, Water Rights, Street Paved
Homeowners Association Information
Master Association Fee Frequency: Not Required
School Information
Elementary School District: 38
Middle Or Junior School District: 38
High School District: 124
Location Information
Township: Grant
Corporate Limits: Unincorporated
Directions: Rt.134 and Willson south to Wooster Lake right to Polk, left to Reed
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,200
Stories: 1.0
Lot Size: 4,400 square feet
Style: Single Family Residential
Year Built: 1955
Year Renovated: 1955
County: Lake County
APN: 05-23-204-020
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Big Hollow Middle School
Public 5-8 • Assigned • 1.1mi
7/10
Grant Community High School
Public 9-12 • Assigned • 2.0mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Ingleside, IL • 60041
Average low and high temperatures (°F)
28
13
37
20
53
32
61
41
68
48
80
62
83
66
81
62
79
56
67
47
49
35
35
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
10.1 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$250,000 – $302,000
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