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Two to Four Units · Fox Lake, IL
$549,873
7 beds · 12 baths
50 Lake Avenue, Fox Lake, IL, 60020
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Rare opportunity to own 40 feet of prime lake frontage on beautiful Mineola Bay in Fox Lake! This multi-unit property includes four separate cabins-three are currently leased, and one is vacant and ready for immediate occupancy. Whether you're looking for rental income to help offset costs or dreaming of a lakeside family compound where everyone has their own private space, this property delivers. Boaters will love the convenience of docking right outside-no need to trailer your boat home. Recent updates throughout, including full renovations of two front units in 2021 and 2022, plus updates to a third unit in 2014. Properties like this are few and far between on the Chain of Lakes-come take a look and explore the possibilities!
— the listing agent’s description

The home

7 beds
12 baths
Built in 1943
0.24-acre lot
Two to Four Units
Cottage

What it’ll cost

$13,294 taxes / yr
No HOA
271 days on dwello

Estimated monthly payment

$4,192/mo
Principal & interest$2,924
Property taxes$1,108
Homeowners insurance$160
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On our team, vettedYour info is never soldWith you through closing

Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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271 days on dwello
Price history
Listed for sale
Jul 30, 2025
$549,873
Property taxes
2025
Annual tax bill (MLS)
$13,294/yr
From county records — verify with the assessor.

Features

Natural GasForced AirAluminum SidingVinyl SidingPublic SewerOff StreetYes

Schools

Elementary — Stanton School
High — Grant Community High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Thomas Domasik · RE/MAX 10 in the Park
Listing last updated Apr 27, 2026 · data refreshed from the MLS May 7, 2026, 4:57 PM CT
Based on information submitted to the MLS GRID as of May 7, 2026, 4:57 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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