$1,800,000

$9,663 est/mo Sourced by Back At You

406 Monaville Road,Lake Villa, IL 60046

Lake Villa, IL 60046

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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!

Details

MLS #	12605954
Listing Type	For Sale
Sub-Type	Resale
Status	Active
Days On Site	130
Listing Provided By	Ellsbury Group LLC \| Bilal Hussain

Features

Zoning	SINGL
Acreage	28.50

Utilities

Utilities	Electricity Nearby, Natural Gas Nearby

Taxes

Tax Year	2024
Tax Annual Amount	1987.24

Area Information

State	IL
County	Lake
City	Lake Villa
Zip Code	60046
Area	Lake Villa \| Lindenhurst
Listing VS Median (in 60046)
Price: $1,800,000 low \| high Med: $395,000 100% of Average On site: 130 low \| high Med: 2 100% of Average

Sourced by Back At You

Market Activity 60046

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: Aug 2026	Sales: 5	Avg $ Per SqFt: $249.72	Min Sale Price: $280,000	Max Sale Price: $415,000	Med Sale Price: $342,500
Date: Jul 2026	Sales: 32	Avg $ Per SqFt: $209.92	Min Sale Price: $165,000	Max Sale Price: $660,000	Med Sale Price: $347,500
Date: Jun 2026	Sales: 42	Avg $ Per SqFt: $198.89	Min Sale Price: $165,000	Max Sale Price: $624,500	Med Sale Price: $336,250
Date: May 2026	Sales: 36	Avg $ Per SqFt: $211.01	Min Sale Price: $45,000	Max Sale Price: $567,520	Med Sale Price: $372,500
Date: Apr 2026	Sales: 48	Avg $ Per SqFt: $200.82	Min Sale Price: $100,000	Max Sale Price: $658,517	Med Sale Price: $407,500
Date: Mar 2026	Sales: 36	Avg $ Per SqFt: $197.91	Min Sale Price: $85,000	Max Sale Price: $920,000	Med Sale Price: $350,501
Date: Feb 2026	Sales: 28	Avg $ Per SqFt: $194.64	Min Sale Price: $220,000	Max Sale Price: $710,000	Med Sale Price: $362,500
Date: Jan 2026	Sales: 31	Avg $ Per SqFt: $201.11	Min Sale Price: $125,000	Max Sale Price: $599,900	Med Sale Price: $361,000
Date: Dec 2025	Sales: 9	Avg $ Per SqFt: $163.69	Min Sale Price: $245,400	Max Sale Price: $567,355	Med Sale Price: $315,000
Date: Nov 2025	Sales: 24	Avg $ Per SqFt: $194.66	Min Sale Price: $205,000	Max Sale Price: $540,000	Med Sale Price: $366,000
Date: Oct 2025	Sales: 24	Avg $ Per SqFt: $181.32	Min Sale Price: $135,000	Max Sale Price: $505,000	Med Sale Price: $352,450
Date: Sep 2025	Sales: 33	Avg $ Per SqFt: $206.86	Min Sale Price: $210,000	Max Sale Price: $897,000	Med Sale Price: $359,900

Sourced by Back At You

Aug 2026
Sales:	5
Avg $ Per SqFt:	$249.72
Min Sale Price:	$280,000
Max Sale Price:	$415,000
Med Sale Price:	$342,500
Jul 2026
Sales:	32
Avg $ Per SqFt:	$209.92
Min Sale Price:	$165,000
Max Sale Price:	$660,000
Med Sale Price:	$347,500
Jun 2026
Sales:	42
Avg $ Per SqFt:	$198.89
Min Sale Price:	$165,000
Max Sale Price:	$624,500
Med Sale Price:	$336,250
May 2026
Sales:	36
Avg $ Per SqFt:	$211.01
Min Sale Price:	$45,000
Max Sale Price:	$567,520
Med Sale Price:	$372,500
Apr 2026
Sales:	48
Avg $ Per SqFt:	$200.82
Min Sale Price:	$100,000
Max Sale Price:	$658,517
Med Sale Price:	$407,500
Mar 2026
Sales:	36
Avg $ Per SqFt:	$197.91
Min Sale Price:	$85,000
Max Sale Price:	$920,000
Med Sale Price:	$350,501
Feb 2026
Sales:	28
Avg $ Per SqFt:	$194.64
Min Sale Price:	$220,000
Max Sale Price:	$710,000
Med Sale Price:	$362,500
Jan 2026
Sales:	31
Avg $ Per SqFt:	$201.11
Min Sale Price:	$125,000
Max Sale Price:	$599,900
Med Sale Price:	$361,000
Dec 2025
Sales:	9
Avg $ Per SqFt:	$163.69
Min Sale Price:	$245,400
Max Sale Price:	$567,355
Med Sale Price:	$315,000
Nov 2025
Sales:	24
Avg $ Per SqFt:	$194.66
Min Sale Price:	$205,000
Max Sale Price:	$540,000
Med Sale Price:	$366,000
Oct 2025
Sales:	24
Avg $ Per SqFt:	$181.32
Min Sale Price:	$135,000
Max Sale Price:	$505,000
Med Sale Price:	$352,450
Sep 2025
Sales:	33
Avg $ Per SqFt:	$206.86
Min Sale Price:	$210,000
Max Sale Price:	$897,000
Med Sale Price:	$359,900

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Contact

Learn More About This Property

Daniel and Associates Real Estate

(630) 231-8090 daareoffice@daare.com

State	IL
County	Lake
City	Lake Villa
Zip Code	60046
Area	Lake Villa \| Lindenhurst
Listing VS Median (in 60046)
Price: $1,800,000 low \| high Med: $395,000 100% of Average On site: 130 low \| high Med: 2 100% of Average

Sourced by Back At You

Nearby Listings (Within 1/2 mile)

Price: $1.35M - $2.25M

sqft: 0 - 0

Nearby Listings Property Image	Nearby Listings Details
	$540,000 1133 Wilshire Lane Lake Villa, IL 60046
	$60,000 310 Greenview Drive Park City, IL 60085
	$434,750 306 Greenview Lane Lake Villa, IL 60046
	$539,999 316 Cedar Ridge Drive Lake Villa, IL 60046

Listing Updated: July 9, 2026 at 12:06:26 PM PDT

406 Monaville Road,Lake Villa, IL 60046

Lake Villa, IL 60046

Description

Details

Features

Utilities

Taxes

Area Information

Market Activity 60046

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Request a showing

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Additional Information

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Learn More About This Property

Daniel and Associates Real Estate

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$540,000

$60,000

$434,750

$539,999

406 Monaville Road,Lake Villa, IL 60046

Lake Villa, IL 60046

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Description

Details

Features

Utilities

Taxes

Area Information

Market Activity 60046

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Contact

Learn More About This Property

Daniel and Associates Real Estate

Contact

Additional Information

Submit Form

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$540,000

$60,000

$434,750

$539,999