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402 Channel Drive Island Lake, IL 60042 • Residential - Single Family • Active

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Description

Rare opportunity to own a beautifully updated, private channel-front home with access to Island Lake! Welcome to 402 Channel, a distinctive 2-bedroom, 2-bath ranch offering a unique combination of modern finishes, character, and waterfront living. Step inside to discover a spacious and inviting interior featuring beautiful flooring, recessed lighting, custom wood accent walls, and an open layout perfect for everyday living and entertaining. The expansive living and family room areas offer plenty of natural light, a sleek wall-mounted fireplace, and sliding glass doors leading to the outdoor patio. The beautifully updated kitchen is a true standout, featuring dark cabinetry, stunning live-edge wood countertops, stainless steel appliances, and plenty of cabinet and counter space. Both bathrooms have been tastefully updated, including a beautifully designed bathroom featuring a spacious walk-in shower with rainfall showerheads, custom tilework, and a modern floating vanity. A dedicated laundry area adds everyday convenience. Outside is where this property truly shines! Surrounded by beautifully landscaped Japanese-inspired gardens, mature trees, decorative brick and stonework, bamboo accents, and charming outdoor spaces, this property offers a peaceful and private retreat. Enjoy the channel-front setting with your own private dock, perfect for launching a kayak, canoe, or trolling-motor fishing boat and exploring Island Lake. The property also features an attached oversized garage and beautifully designed brick-paver driveway. Additional improvements include a newer roof, newer boiler, and new HVAC system. Residents can enjoy access to private neighborhood beaches and year-round outdoor activities, including kayaking, fishing, and ice fishing. Whether you're looking for a peaceful waterfront retreat or a unique place to call home, this one-of-a-kind property has so much to offer.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,594
Garage Size: 3
Attached Garage
Built in 1952
Elementary School: Cotton Creek School
High School: Wauconda Community High School
Middle School: Matthews Middle School
River Front
One Fireplace

General Information

Bedrooms: 2
Bathrooms: 2
Sqft: 1,594
County: Lake
High School: Wauconda Community High School
Subdivision: Island Lake Estates
Listed By:
Coldwell Banker Realty 847-724-5800
MRED MLS

Room Information

Bedroom 2: 11X11
Dining Room: 14X12
Family Room: 18X9
Kitchen: 13X18
Laundry: 11X18
Living Room: 18X12
Primary Bedroom: 15X12
$369,900
Est. $2,667/mo
2beds
2baths
1,594sqft
3cars
New to the Market Active
BEDS2 BATHS2 full SQUARE FEET1,594 MLS#12780527
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONIsland Lake Estates SCHOOLDistrict 118

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402 Channel Drive, Island Lake, IL 60042.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $369,900$369,900$369,900
Down Payment $73,980$12,947$92,475
Monthly Mortgage Amount $2,044$2,478$2,455
Taxes $515$515$515
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$163$0
Monthly Estimated Total $2,667$3,264$3,078

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