$505,000

beds

baths

4,754

square ft

116 E Monaville Road

Lake Villa, Illinois 60046

Closed / MLS #12492112 / Single Family / Lake Villa

Listing information updated 3/17/2026 at 6:03am

Unique mixed-use opportunity in the heart of Lake Villa! This nearly 5-acre property features two homes and a detached 3-car garage (with 2-car overhead door). The main farmhouse has been thoughtfully converted into a 2-unit residence, offering a total of 5 bedrooms, 3 full baths, 2 kitchens, 3 living rooms, a sunroom, walk-in closet, storage room, and full basement. The original staircase remains, allowing for an easy conversion back to a single-family layout if desired. The second home is a charming ranch featuring 1 bedroom, 1 full bath, kitchen with eating area, and a small office space. In 2nd Home, some windows were replaced approximately 15 years ago, Roof replaced approximately 15 years ago, and Hot Water Heater is 7-8 years old. Some acreage is currently being farmed for hay, providing a serene rural setting while still close to town conveniences. Special financing may be required due to the mixed-use setup. Do not walk the property without an appointment-homes are occupied. See floor plans for detailed layouts of both residences.

Full Features

Architecture Style:

Farmhouse

Exterior Type:

Vinyl Siding

Basement:

Unfinished,Full

Beds Above Grade:

Cooling System:

None

Heating System:

Natural Gas, Forced Air, Steam, Baseboard

Appliances:

Range, Refrigerator, Washer, Dryer

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Roof Type:

Asphalt

Parking Type:

Garage - Garage Door Opener,Yes,Garage Owned,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

4,754

Lot Size:

4.0-4.99 Acres

Room Information

Living Room:

17x14 - Main

Dining Room:

13x14 - Main

Kitchen:

14x15 - Main

Family Room:

12x13 - Second

Primary Bedroom:

17x14 - Main Level

2nd Bedroom:

16x16 - Main

3rd Bedroom:

13x7 - Main

4th Bedroom:

16x15 - Second

Kitchen- 2nd:

16x15 - Second Level

Bedroom 5:

15x12 - Second Level

Enclosed Porch:

13x12 - Main Level

Storage:

12x9 - Main Level

Great Room:

16x12 - Second Level

Taxes & Assessments

Tax Amount:

$5,415

Tax Year:

2024

Location

Zip Code:

60046

City:

Lake Villa

County:

Lake

Schools

School District(s):

41, 127

Elementary School:

William L Thompson School

Middle School:

Peter J Palombi School

High School:

Grayslake North High School

Architecture Style:

Farmhouse

Exterior Type:

Vinyl Siding

Basement:

Unfinished,Full

Beds Above Grade:

Cooling System:

None

Heating System:

Natural Gas, Forced Air, Steam, Baseboard

Appliances:

Range, Refrigerator, Washer, Dryer

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Roof Type:

Asphalt

Parking Type:

Garage - Garage Door Opener,Yes,Garage Owned,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

4,754

Lot Size:

4.0-4.99 Acres

Living Room:

17x14 - Main

Dining Room:

13x14 - Main

Kitchen:

14x15 - Main

Family Room:

12x13 - Second

Primary Bedroom:

17x14 - Main Level

2nd Bedroom:

16x16 - Main

3rd Bedroom:

13x7 - Main

4th Bedroom:

16x15 - Second

Kitchen- 2nd:

16x15 - Second Level

Bedroom 5:

15x12 - Second Level

Enclosed Porch:

13x12 - Main Level

Storage:

12x9 - Main Level

Great Room:

16x12 - Second Level

Tax Amount:

$5,415

Tax Year:

2024

Zip Code:

60046

City:

Lake Villa

County:

Lake

School District(s):

41, 127

Elementary School:

William L Thompson School

Middle School:

Peter J Palombi School

High School:

Grayslake North High School

Listing Office: Keller Williams North Shore West

Listing Office Phone: 847.383.6600

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/17/2026 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.