406 Monaville Road, Lake Villa, IL 60046
Lake County
Key Facts
Description
Prime 28.5 acres in Lake Villa are ready for a development project. Previously under contract with a large developer who got village approvals for 70-80 2-story townhomes. Current zoning is for residential and the city is willing to work with the next developer to make this project happen. Rezoning can be done easily for whatever you are looking to do! Check the mockups for an incredible MULTI-FAMILY development, or a 100+ ASSISTED LIVING PROJECT, Townhomes, or anything else!
Property Information
Property Type
Land
Lot Size
28.50 acres
Lot Dimensions
4735.5
Ownership
Fee Simple
Zoning
SINGL
Days on Market
7
MLS® Listing#
12605954
Property Features
Financial Details
Annual Taxes
$1,987
Tax year 2024
Parcel Number
06081000480000
Directions
west on monaville rd and westof v63
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake Villa, IL
- $421,849
- Median Listing Price
- 31
- Median Days on Market
- 1,993
- Median Sq Ft
- $217
- Median Price / Sq Ft
- 452
- Active Listings
- This home’s price is 327% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake Villa, IL.
Location
Getting Around
Points of Interest in Lake Villa, IL
Showing the Lake Villa area map.
Nearby Schools
William L Thompson School
Elementary · 0.4 mi away
Round Lake Middle School
Secondary · 1.0 mi away
Indian Hill Elementary School
Elementary · 1.1 mi away
Peter J Palombi School
Secondary · 1.2 mi away
Lake Villa CCSD 41
School · 1.2 mi away
Allendale School
Secondary · 1.5 mi away
Pleviak Elementary School
Elementary · 1.5 mi away
Prince of Peace School
School · 1.6 mi away
Beach Elementary School
Elementary · 1.8 mi away
First Steps Nursery School
School · 1.8 mi away
Raymond Ellis Elementary School
Elementary · 2.0 mi away
Avon Center School
Elementary · 2.3 mi away
Martin Elementary School
Elementary · 2.3 mi away
Saint Bede School
School · 2.4 mi away
Gavin Central School
Elementary · 2.5 mi away
Round Lake High School
Secondary · 2.5 mi away
Round Lake Transition Center
Secondary · 2.5 mi away
Grayslake North High School
Secondary · 2.6 mi away
Magee Middle School
Secondary · 2.8 mi away
Little Lambs Preschool
School · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 649 Woodland Drive, Crystal Lake, IL | $1,275,000 | — | — | — |
| 1540 Carlemont Drive A, Crystal Lake, IL | $1,275,000 | — | — | 15,000 |
| 1161 Winwood Drive, Lake Forest, IL | $1,349,000 | 4 | 6 | 4,817 |
| 3204 Stonegate Drive, Crystal Lake, IL | $1,350,000 | 7 | 10 | 8,400 |
| 23-48 Barrington Court, LAKE CARROLL, IL | $1,390,000 | 5 | — | 5,675 |
| 38856 N Cedar Crest Drive, Lake Villa, IL | $1,395,000 | 4 | 4 | 5,494 |
Moving Cost Estimate
EXIT Agents in Lake Villa
Listing Courtesy: Ellsbury Group LLC - 2192005133
Last Updated: 2026-05-18