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35150 N Gilmer Rd, Round Lake, IL 60073
About this home
Loads of potential and opportunity here!!! A total of 7 units in four separate buildings on 2.25 acres with all the units fully rented. Commercial building has been converted to a 2 flat, Victorian bldg is currently a 3 flat, and there are 2 single family homes. All these buildings are on one property with 1 tax id number. Property has a mixed use zoning which allows for commercial/retail/professional service options in addition to the multi-family already on the premises. Live in one of the single family homes and run your business out of the commercial bldg, while collecting rent from the other units...sweet!!! Buildings will need some work/updating and are being sold as is, but once work is completed, rents can easily be increased!!! All leases are months to month, so can redo one unit at a time or as needed, while still collecting rents from other units. Close proximity to Route 120 and Route 12 so major roads are a stones throw away.
Redfin Estimate
Market trends in 60073, IL
Last updated August 2026
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Provided by Redfin
Sale history for 35150 N Gilmer Rd
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking Information
- # of Parking (Total): 12
- Outdoor Parking: 6-12 Spaces,13-18 Spaces,Common Parking,Unpaved
Interior
- Additional Rooms Information
- Basement Description: Unfinished,Exterior Access
- Unit Type 1 Information
- # of Rooms: 3
- # of Bedrooms: 1
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 1
- Monthly Income: $485
- Unit Type 2 Information
- # of Rooms: 4
- # of Bedrooms: 2
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 1
- Monthly Income: $475
- Unit Type 3 Information
- # of Rooms: 3
- # of Bedrooms: 1
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 1
- Monthly Income: $525
- Unit Type 4 Information
- # of Rooms: 4
- # of Bedrooms: 2
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 1
- Monthly Income: $475
- Unit Type 5 Information
- # of Rooms: 4
- # of Bedrooms: 2
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 1
- Monthly Income: $525
- Unit Type 6 Information
- # of Bedrooms: 2
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 1
- Monthly Income: $575
- Unit Type 7 Information
- # of Rooms: 4
- # of Bedrooms: 2
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 1
- Monthly Income: $450
Exterior
- Building Information
- # of Units: 7
- Exterior Building Type: Frame,Other
- Built Before 1978 (Y/N): Yes
- Roof: Composition, Membrane
- Roof Structure: Flat,Gable
- Foundation Details: Block, Concrete Perimeter, Stone
- Construction Materials: Wood Frame
- Property Information
- Property Type: Multi Family 5+
- Ownership Type: Individual
- Parcel Number: 09032000280000
- Land Information
- Land Amenities: Lighting/Exterior
- Lot Information
- Dimensions: 278 X 85 X 243 X 320 X 379
- Frontage Type: City Street
- Zoning: OTHER
Financial
- Tax Information
- Tax Annual Amount: $16,104.39
- Tax Year: 2014
- Financial Information
- Finance Code: Cash
- Gross Rent Multiplier: 5.45
- Total Monthly Income: $3,510
- Gross Income: $42,120
Utilities
- Utility Information
- Electric: Circuit Breakers, Fuses, Separate Meters, Service - 0 to 100 Amps
- Utilities: Septic-Private, Well Private, Well-Shared
- Heating & Cooling
- Heat/Ventilation: Forced Air,Gas
Location
- Location Information
- Township: WAUCONDA
- Directions: Route 120 to Volo Village Rd (N) property on the Right.
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (5+ Unit)
- Year Built: —
- Year Renovated: —
- County: Lake County
- APN: —
Other
- Expense Information
- Electric Expense: $2,070
- Insurance Expense: $2,700
- Listing Information
- Possession: Closing
Around this home
Schools
Public K-5 • Assigned • 3.5mi
Public 6-8 • Assigned • 4.6mi
Public 9-12 • Assigned • 4.1mi
Lifestyle
Provided by Walk Score and Local Logic
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.
Is this your home?
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Home values near 35150 N Gilmer Rd
| Address | Redfin Estimate |
|---|---|
- Beds | 1.5 Baths | 1530 Sq. Ft. | $213,438 |
- Beds | 1 Baths | 1216 Sq. Ft. | $221,387 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1911 Sq. Ft. | $226,006 |
4 Beds | 1 Baths | 2240 Sq. Ft. | $234,039 |
| Address | Redfin Estimate |
|---|---|
6 Beds | 2 Baths | 2546 Sq. Ft. | — |
- Beds | 1 Baths | 1316 Sq. Ft. | $211,252 |
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