Large Deep Lake lot with two cottages. The lot gently slopes down to the water's edge and offers spectacular sunset views. The cottage closest to Deep Lake Road has kitchen, living room and two bedrooms. Currently occupied. The lakefront cottage has kitchen, living room and bedroom. Great enclosed porches overlooking the lake. Rent one out and enjoy summers in the lakefront cottage. Driveway is shared with neighbor to the north. The homes have separate septic and share a well. The property is being sold "as is". Deep Lake is a motor boat lake and offers great fishing. Contact LO for showings. Gravel parking pad is between the two cottages.
Single-familyProperty Type
1.04 acresLot Size
$374Est. Price/Sq.Ft.
2 spacesParking
Listed by Robert Frank• Robert E. Frank Real Estate
Bought with Robert Frank• Robert E. Frank Real Estate
2 COTTAGES FOR 1 LOW PRICE ON NICELY WOODED, EXTRA DEEP & GENTLY SLOPED LAKEFRONT LOT LOCATED ON DESIRABLE ALL SPORT DEEP LAKE. FIRST COTTAGE OFFERS KITCHEN, LRG LIV RM, 2 BEDRMS & FULL BATH. 2ND LAKEFRONT COTTAGE OFFERS KITCHEN, LIV RM, ENCLOSED PORCH W/PECKY CYPRESS WALLS, BEDRM, 1/2 BATH & 2ND ENCLOSED PORCH OVERLOOKING THE LAKE. 4 SHEDS. EACH HOME HAS OWN SEPTIC & SHARED WELL. 40 FT PIER. MOTOR BOATS ALLOWED.
Year
Property tax
Land + Additions
Assessment*
2025
$6,246 (+2.6%)
$47,689 + $22,298
$69,987
2024
$6,091 (+4.5%)
$47,689 + $22,298
$69,987
2023
$5,828 (+7.5%)
$44,457 + $20,787
$65,244
2022
$5,423 (−9.8%)
$39,280 + $18,366
$57,646
2021
$6,009 (+2.1%)
$33,932 + $18,731
$52,663
2020
$5,888 (−3.2%)
$31,521 + $25,300
$56,821
2019
$6,085 (−8.3%)
$29,323 + $23,536
$52,859
2018
$6,639 (+6.0%)
$38,724 + $19,617
$58,341
2017
$6,267 (−3.0%)
$38,724 + $19,617
$58,341
2016
$6,464 (+17.6%)
$37,691 + $19,094
$56,785
2015
$5,497 (−1.1%)
$36,165 + $18,321
$54,486
2013
$5,559 (+7.4%)
$28,452 + $19,397
$47,849
2012
$5,176 (−4.6%)
$28,878 + $19,688
$48,566
2011
$5,429 (+8.0%)
$39,952 + $15,700
$55,652
2010
$5,025 (+3.8%)
$41,371 + $16,258
$57,629
2008
$4,840 (+11.4%)
$43,526 + $17,105
$60,631
2007
$4,347
$41,016 + $16,118
$57,134
Tax history for 38846 N Deep Lake Rd
Year
Property tax
Land + Additions
Assessment*
2025
$6,246 (+2.6%)
$47,689 + $22,298
$69,987
2024
$6,091 (+4.5%)
$47,689 + $22,298
$69,987
2023
$5,828 (+7.5%)
$44,457 + $20,787
$65,244
2022
$5,423 (−9.8%)
$39,280 + $18,366
$57,646
2021
$6,009 (+2.1%)
$33,932 + $18,731
$52,663
2020
$5,888 (−3.2%)
$31,521 + $25,300
$56,821
2019
$6,085 (−8.3%)
$29,323 + $23,536
$52,859
2018
$6,639 (+6.0%)
$38,724 + $19,617
$58,341
2017
$6,267 (−3.0%)
$38,724 + $19,617
$58,341
2016
$6,464 (+17.6%)
$37,691 + $19,094
$56,785
2015
$5,497 (−1.1%)
$36,165 + $18,321
$54,486
2013
$5,559 (+7.4%)
$28,452 + $19,397
$47,849
2012
$5,176 (−4.6%)
$28,878 + $19,688
$48,566
2011
$5,429 (+8.0%)
$39,952 + $15,700
$55,652
2010
$5,025 (+3.8%)
$41,371 + $16,258
$57,629
2008
$4,840 (+11.4%)
$43,526 + $17,105
$60,631
2007
$4,347
$41,016 + $16,118
$57,134
*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
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
1.38 Acres
Year renovated
1940
Sq. Ft.
900
Year built
1940
Style
Single Family Residential
County
Lake County
APN
02-34-101-012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
RE
Rural Estate District
The RE, Rural Estate District is intended to accommodate very low-density, very large-lot residential development and to provide permanent protection for areas that develop in such a manner. The district is intended to accommodate only a very small amount of the county's future housing needs, generally serving the housing needs of those who desire to live in a very rural, very low-density estate areas and are willing to assume the costs of doing so. Because of the relatively sparse population in RE-zoned areas, the county will not give high priority to the provision of public services in those areas. Instead, public service provision by the county will be concentrated in areas where more intense future development is called for by the Regional Framework Plan. The very low densities permitted in the RE District generally permit in accordance with applicable Lake County Health Department rules on-site, individual sewage disposal systems and wells, thereby reducing the need for inefficient public expenditures. The RE Zoning District is intended to implement and correspond to the Regional Framework Plan's Residential - Large Lot future land use designation. Development in this district should follow the character description in the Regional Framework Plan's Rural Large Lot Subdivisions or the conservation development section of the Community Character chapter.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Religious facility
Housing-Single unit
Educational/school
Golf related
Communications tower
Agriculture-Cropland
Park & open space
Water related-Wetland
Property details
Parking
Parking Information
# of Cars: 2
# of Exterior Parking Spaces: 2
Parking Space(s)
Driveway
Parking On-Site
Parking Ownership: Owned Parking
Asphalt Driveway, Shared Driveway
Interior
Bedroom Information
# of Bedrooms: 2
# of Bedrooms (Above Grade): 2
Master Bedroom Information
Size: 14X9
On Main Level
Carpet Flooring
Bedroom #2 Information
Size: 19X6
On Main Level
Carpet Flooring
Bathroom Information
# of Baths (Full): 1
Living Room Information
Size: 19X17
On Main Level
Carpet Flooring
Kitchen Information
Size: 15X9
Eating Area (Table Space), Pantry (Closet)
On Main Level
Vinyl Flooring
Additional Rooms Information
Slab Basement
Equipment
Oven/Range, Refrigerator
Carbon Monoxide Detectors
Interior Features
1st Floor Bedroom, 1st Floor Full Bath
Heating & Cooling
Space Heater(s)
1 Window/Wall Air Conditioning Unit
Exterior
Building Information
Sq. Ft. Source: Assessor
Built Before 1978
Age: 71-80 Years
Aluminum Siding, Cedar Exterior
Concrete Foundation, Pillar Foundation
Asphalt/Glass Roof (Shingles)
Property Features
Porch, Boat Dock/Mooring
Lot Information
Dimensions: 75X1683X67X1762
1.0-1.99 Acres
On Waterfront
Lake Front, Water Rights, Water View, Wooded
Zero Lot Line: No
Property Information
# of Rooms: 4
Ownership: Fee Simple
Sq. Ft. Comments: 2nd Home on Property is approx. 752 sf
Main Sq. Ft.: 900
Aprox. Total Finished Sq. Ft.: 900
Total Finished/Unfinshed Sq Ft: 900
Rural (Y/N): N
Model: LAKEFRONT
School Bus Service, Commuter Train
Parcel Identification Number: 02341010120000
Multiple PINs
Financial
Financial Information
Tax: $9,413.76
Tax Year: 2019
Special Service Area: N
Finance Code: Contract
Utilities
Utility Information
Water: Well (Shared)
Septic (Private)
Circuit Breakers
Location
Community Information
Pond/Lake, Water Rights, Paved Street
School Information
Elementary School: Oakland Elementary School
Elementary School District: 34
Junior High: Antioch Upper Grade School
Junior High District: 34
High School: Lakes Community High School
High School District: 117
Location Information
Township: Lake Villa
Corporate Limits: Unincorporated
Directions: DEEP LAKE RD SOUTH OF GRASS LAKE RD TO HOME ON WEST SIDE OF STREET. SHARED DRIVE WAY!
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 900
Stories: 1.0
Lot Size: 1.38 acres
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1940
County: Lake County
APN: 02-34-101-012
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
Sale Price Includes Parking
Possession: Closing
Holds Earnest Money: Yes
Seller Concessions: No
Around this home
Schools
Oakland Elementary School
Public K-5 • Assigned • 1.1mi
8/10
Antioch Upper Grade School
Public 6-8 • Assigned • 4.5mi
7/10
Lakes Community High School
Public 9-12 • Assigned • 0.9mi
8/10
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
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 101° 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
Lake Villa, IL • 60046
Average low and high temperatures (°F)
28
13
36
20
52
31
60
40
67
47
80
60
83
66
79
61
76
56
66
47
49
35
34
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
$320,000 – $388,000
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