27717 W Grass Lake Drive
Spring Grove, Illinois 60081

New / MLS #12685454 / Multiple Unit (2-4) / Spring Grove
Listing information updated 6/23/2026 at 7:23pm
Rare Chain O'Lakes waterfront cottage compound on Grass Lake! This unique property features three furnished short-term rental units on approximately 1.13 acres with approximately 131 feet of waterfront frontage, beach access, gazebo, patio/outdoor gathering areas, dock/floating dock access, and ample parking. Currently operated as The Lake-Heim / Lotus Cottages, the property includes a 2-bedroom cabin, a 1-bedroom cabin, and an additional 1-bedroom lake cottage. 2025 Airbnb total earnings were approximately $60,423, with meaningful year-over-year growth and additional upside through improved occupancy, rate management, and continued STR operation. Ideal for an investor, owner-user, family lakefront retreat, or buyer seeking personal use with rental income from the additional units. Former fourth structure/rebuild potential may offer additional upside, subject to buyer verification and approval. Zoned RC for Recreational Commercial.

Listing Office: RE/MAX Suburban

Listing Office Phone: 847.367.8686

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27717 W Grass Lake Drive, Spring Grove, IL 60081 is a multiple unit (2-4) currently listed at $749,900. 27717 W Grass Lake Drive features 4 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since June 22nd, 2026 and was built in 1961. Nearby schools include Lotus and Grant Community High School.