Real Estate Investment Properties for Sale in Lake Carroll, IL

Looking for investment property in Lake Carroll, IL with high ROI ?

Explore a variety of short-term homes & houses in Lake Carroll, IL. Invest wisely with VRBO & Lake Carroll, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Lake Carroll, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
30-45 Brookside Lake Carroll, IL Tucked inside the private, premier community of Lake Carroll, this 3-bedroom, 3-bath home ...	3 beds \| 3 baths \| 1,035 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.46% Airbnb Rental Income: $null Traditional Rental Income: $2201 Airbnb ROI: N/A Traditional ROI: 3.46%
31-44 Wakonda Lake Carroll, IL If you have always dreamed about owning a home on a golf course then you will want to make...	3 beds \| 4 baths \| 1,673 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $3006 Airbnb ROI: N/A Traditional ROI: 6.02%
25-41 Old Mill Lake Carroll, IL This inviting ranch home is ready for you to start enjoying Lake Carroll living. The main ...	3 beds \| 2 baths \| 1,008 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.56% Airbnb Rental Income: $null Traditional Rental Income: $2066 Airbnb ROI: N/A Traditional ROI: 3.56%
27-53 Ridgeview Lake Carroll, IL Lakefront Living at Its Best! Sitting on 1.47 acres with 120' of waterfrontage, this 4-bed...	4 beds \| 3 baths \| 1,380 sq.ft.	$729,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.07% Airbnb Rental Income: $null Traditional Rental Income: $2721 Airbnb ROI: N/A Traditional ROI: 1.07%
23-10 Lake Carroll Lake Carroll, IL MAKE AN OFFER â MOTIVATED SELLER! Hereâs your chance to own a true gem at Lake Carroll...	4 beds \| 3 baths \| 1,510 sq.ft.	$449,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.96% Airbnb Rental Income: $null Traditional Rental Income: $2743 Airbnb ROI: N/A Traditional ROI: 2.96%
13-150 Spring Creek Lake Carroll, IL Looking for space to comfortably host family and friends? This Lake Carroll home has just ...	4 beds \| 3 baths \| 1,583 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.62% Airbnb Rental Income: $null Traditional Rental Income: $2747 Airbnb ROI: N/A Traditional ROI: 2.62%
1-145 Perry Lake Carroll, IL WATERFRONT HOME ON BEAUTIFUL OPEN WATER. Well maintained exposed ranch style with open flo...	2 beds \| 3 baths \| 3,154 sq.ft.	$909,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.89% Airbnb Rental Income: $null Traditional Rental Income: $3183 Airbnb ROI: N/A Traditional ROI: 0.89%
17-95 Lake Carroll Lake Carroll, IL DEEDED BOAT SLIP - BRAND NEW CONSTRUCTION - READY FOR OCCUPANCY! Five bedrooms and three b...	5 beds \| 3 baths \| 3,520 sq.ft.	$529,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $2827 Airbnb ROI: N/A Traditional ROI: 3.97%
27-54 Ridgeview Lake Carroll, IL Awesome waterfront home on 1.57 acres with spectacular 155 feet of finished shoreline. The...	3 beds \| 3 baths \| 3,417 sq.ft.	$899,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.23% Airbnb Rental Income: $null Traditional Rental Income: $3364 Airbnb ROI: N/A Traditional ROI: 1.23%
1-13 Grandview Dr. Lake Carroll, IL Your first thoughts will be fresh, clean, sharp and ready to use today. This is why you wi...	2 beds \| 3 baths \| 2,021 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $2687 Airbnb ROI: N/A Traditional ROI: 5.13%
28-29 Southview Lake Carroll, IL Discover your lakefront paradise at Lake Carroll! This stunning waterfront retreat offers ...	5 beds \| 4 baths \| 2,448 sq.ft.	$999,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.49% Airbnb Rental Income: $null Traditional Rental Income: $3772 Airbnb ROI: N/A Traditional ROI: 1.49%
31-58 Wakonda Drive Lake Carroll, IL Welcome to 31-58 Wakonda Drive-where comfort, space, and the Lake Carroll lifestyle come t...	3 beds \| 3 baths \| 1,743 sq.ft.	$298,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.44% Airbnb Rental Income: $null Traditional Rental Income: $2709 Airbnb ROI: N/A Traditional ROI: 5.44%
31-3 Lake Carroll Lake Carroll, IL Welcome to Lake Carroll! This home is located very close to the community clubhouse and g...	3 beds \| 3 baths \| 1,431 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $2585 Airbnb ROI: N/A Traditional ROI: 5.56%
17-123 Hidden Cove Lake Carroll, IL Exceptional Lake Chalet style home in great condition. Located near West Marina and pool c...	4 beds \| 4 baths \| 1,764 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.64% Airbnb Rental Income: $null Traditional Rental Income: $2788 Airbnb ROI: N/A Traditional ROI: 5.64%
28-80 Highland Lake Carroll, IL Welcome to this beautifully maintained retreat on 1.79 professionally landscaped acres at ...	4 beds \| 4 baths \| 1,655 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.01% Airbnb Rental Income: $null Traditional Rental Income: $2893 Airbnb ROI: N/A Traditional ROI: 2.01%
23-48 Barrington Lake Carroll, IL Welcome to your private retreat at Lake Carroll! This beautifully designed 5-bedroom, 4.5-...	5 beds \| 5 baths \| 4,400 sq.ft.	$1,540,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.97% Airbnb Rental Income: $null Traditional Rental Income: $6011 Airbnb ROI: N/A Traditional ROI: 0.97%
5-105 Topsail Court Lake Carroll, IL Experience the very best of lakefront living in this beautifully maintained, custom-built ...	3 beds \| 2 baths \| 1,956 sq.ft.	$715,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.89% Airbnb Rental Income: $null Traditional Rental Income: $3102 Airbnb ROI: N/A Traditional ROI: 1.89%
1-150R Perry Lake Carroll, IL Welcome to this beautiful ranch home set on a generous .78 acre lot, with a 3-seasons lake...	3 beds \| 3 baths \| 952 sq.ft.	$382,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $2265 Airbnb ROI: N/A Traditional ROI: 2.67%
21-9 Timber Shore Lake Carroll, IL Tucked into a wooded setting for privacy, this spacious ranch home at Lake Carroll comes c...	4 beds \| 3 baths \| 1,316 sq.ft.	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.88% Airbnb Rental Income: $null Traditional Rental Income: $2575 Airbnb ROI: N/A Traditional ROI: 3.88%
23-222 Brighton Lake Carroll, IL DEEDED SLIP WEST MARINA E18. PERFECT FIRST LAKE HOME IN GREAT CONDITION WITH A DEEDED SLIP...	3 beds \| 2 baths \| 783 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.92% Airbnb Rental Income: $null Traditional Rental Income: $1907 Airbnb ROI: N/A Traditional ROI: 4.92%
17-90 Whitewater Lake Carroll, IL Experience the charm of this lovely Lake Carroll ranch home, thoughtfully designed for com...	4 beds \| 3 baths \| 3,292 sq.ft.	$510,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $3344 Airbnb ROI: N/A Traditional ROI: 4.31%

Real Estate investment in Lake-carroll, IL

There are 21 properties for sale in the city of Lake Carroll . The median list price in Lake Carroll is $449,000 and the average price per square foot is $224. In October 2025, the average monthly cash on cash return in Lake Carroll is 3.00%. The average monthly rental income in Lake Carroll is $2,747.

Lake-carroll, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 21 investment properties available for sale in Lake-carroll.

The ROI for Short-Term is higher than the Long-Term in Lake-carroll with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Carroll, IL

30-45 Brookside

Lake Carroll, IL

3 beds | 3 baths | 1,035 sq.ft.

$349,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.46%

Airbnb Rental Income: $null

Traditional Rental Income: $2201

Airbnb ROI: N/A

Traditional ROI: 3.46%

31-44 Wakonda

Lake Carroll, IL

3 beds | 4 baths | 1,673 sq.ft.

$325,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.02%

Airbnb Rental Income: $null

Traditional Rental Income: $3006

Airbnb ROI: N/A

Traditional ROI: 6.02%

25-41 Old Mill

Lake Carroll, IL

3 beds | 2 baths | 1,008 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.56%

Airbnb Rental Income: $null

Traditional Rental Income: $2066

Airbnb ROI: N/A

Traditional ROI: 3.56%

27-53 Ridgeview

Lake Carroll, IL

4 beds | 3 baths | 1,380 sq.ft.

$729,500

Airbnb cash on cash: N/A

Traditional cash on cash: 1.07%

Airbnb Rental Income: $null

Traditional Rental Income: $2721

Airbnb ROI: N/A

Traditional ROI: 1.07%

23-10 Lake Carroll

Lake Carroll, IL

4 beds | 3 baths | 1,510 sq.ft.

$449,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.96%

Airbnb Rental Income: $null

Traditional Rental Income: $2743

Airbnb ROI: N/A

Traditional ROI: 2.96%

13-150 Spring Creek

Lake Carroll, IL

4 beds | 3 baths | 1,583 sq.ft.

$495,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.62%

Airbnb Rental Income: $null

Traditional Rental Income: $2747

Airbnb ROI: N/A

Traditional ROI: 2.62%

1-145 Perry

Lake Carroll, IL

2 beds | 3 baths | 3,154 sq.ft.

$909,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.89%

Airbnb Rental Income: $null

Traditional Rental Income: $3183

Airbnb ROI: N/A

Traditional ROI: 0.89%

17-95 Lake Carroll

Lake Carroll, IL

5 beds | 3 baths | 3,520 sq.ft.

$529,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.97%

Airbnb Rental Income: $null

Traditional Rental Income: $2827

Airbnb ROI: N/A