42151 N Old Lake Ave.

Never before on market...this resort-like property sits on 1.4 acres with 154 feet of CHANNEL LAKE frontage!! Tucked away amid tall trees on a private setting ... sits 2 homes, 4 sheds and a 6 car garage! Structures need updating but have great potential and the the expansive yard allows for room to grow! Back in the 1950's the property had a seasonal use permit and currently is zoned Resort Residential. The Ranch style home has a huge kitchen with loads of solid oak cabinets, vaulted ceilings and room for a family room set up. There are hardwood floors, a separate dining room with large table which is situated in front of the fieldstone fireplace creating the feeling of a true hearth gathering room. The remodeled bath, separate laundry, a side entrance, a bedroom and the living room with its many windows overlooking the treed lot... completes this home. The 2nd home, nicknamed the Swiss Chalet... has 2 balcony bedrooms (14x11 & 13x11) a great room (23x 25) with stone fireplace, volume ceilings and architectural beams creating an open & airy feeling in the space below. There is an eat in kitchen with laundry area (18x10) and 1.5 baths. Homes have separate septics systems but share one well. The sheds are conveniently located near the homes, the driveway and the waterfront. The garages are connected but can function separately. Just off the pier section by the lake is a "no wake zone" making it a peaceful spot to fish, a great place to read or simply a place to sit and enjoy the expansive views down Channel Lake. For years this has been one of the most popular Northern Lakes on the Chain because of its 4 seasons of use, cleaner waters, intense fishing and wonderful boating opportunities. This property truly offers something for everyone: Builders, investors or families....live in one home...rent the 2nd, tear down and build again, or bring your toys and just work in the garages! With the size of the lot there might be possibilities to subdivide too. *Located near shopping, schools, restaurants, and the main arteries which lead to & from the towns and the many activities offered in both Illinois & Wisconsin! *This diamond in the rough ... is a must see! Call today!