Real Estate Investment Properties for Sale in Lake Villa, IL

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

Explore a variety of short-term homes & houses in Lake Villa, IL. Invest wisely with VRBO & Lake Villa, 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 Villa, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
284 Northwind Drive LAKE VILLA, IL Back on the market! Welcome to Winddance Subdivision in highly sought-after Thompson, Palo...	4 beds \| 3 baths \| 2,788 sq.ft.	$420,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 3.78% Airbnb Rental Income: $2552 Traditional Rental Income: $3124 Airbnb ROI: 0.76% Traditional ROI: 3.78%
1718 Cherry Court LAKE VILLA, IL Welcome to this beautifully maintained Colonial nestled on a quiet cul-de-sac in the desir...	4 beds \| 4 baths \| 3,093 sq.ft.	$550,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.34% Airbnb Rental Income: $2552 Traditional Rental Income: $3721 Airbnb ROI: -0.13% Traditional ROI: 3.34%
25378 W Park Court LAKE VILLA, IL Welcome to this beautifully maintained 4-bedroom, 2-bath home nestled in the highly sought...	4 beds \| 2 baths \| 1,973 sq.ft.	$379,999	Airbnb cash on cash: 2.8% Traditional cash on cash: 4.86% Airbnb Rental Income: $2552 Traditional Rental Income: $2673 Airbnb ROI: 2.8% Traditional ROI: 4.86%
7 Woodhead Dr LAKE VILLA, IL As-Is-Where-Is. Needs some updating. Some TLC. Good Bones. Bank must approve contract be...	5 beds \| 3 baths \| 1,822 sq.ft.	$355,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 4.33% Airbnb Rental Income: $1951 Traditional Rental Income: $2601 Airbnb ROI: 0.84% Traditional ROI: 4.33%
21990 W 6th St LAKE VILLA, IL 21990 W 6th St, Lake Villa, IL 60046 6 bedrooms 3 bathrooms total in both units! +Guest Ho...	6 beds \| 3 baths \| 2,557 sq.ft.	$635,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 1.57% Airbnb Rental Income: $1951 Traditional Rental Income: $2508 Airbnb ROI: -0.24% Traditional ROI: 1.57%
355 Woodhill Ln LAKE VILLA, IL Beautiful, unique property. Exceptional quality and luxury details new constructions home ...	3 beds \| 2 baths \| 2,550 sq.ft.	$484,999	Airbnb cash on cash: 0.29% Traditional cash on cash: 4.49% Airbnb Rental Income: $1205 Traditional Rental Income: $2722 Airbnb ROI: 0.29% Traditional ROI: 4.49%
38856 N Cedar Crest Drive LAKE VILLA, IL Welcome to this custom-built lakefront home on Petite Lake, offering stunning panoramic vi...	4 beds \| 4 baths \| 5,494 sq.ft.	$1,450,000	Airbnb cash on cash: -1.52% Traditional cash on cash: 0.36% Airbnb Rental Income: $2552 Traditional Rental Income: $4477 Airbnb ROI: -1.52% Traditional ROI: 0.36%
23818 W Reindeer Trail LAKE VILLA, IL A rare opportunity to design your dream home in this quiet cul-de-sac in Lake Villa with a...	3 beds \| 3 baths \| 2,500 sq.ft.	$599,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 4.35% Airbnb Rental Income: $1205 Traditional Rental Income: $3162 Airbnb ROI: 0.15% Traditional ROI: 4.35%
25058 W Megan Ct LAKE VILLA, IL 25058 W Megan Ct, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$69,500	Airbnb cash on cash: 5.14% Traditional cash on cash: 6.92% Airbnb Rental Income: $1025 Traditional Rental Income: $788 Airbnb ROI: 5.14% Traditional ROI: 6.92%
35697 N US Highway 45 LAKE VILLA, IL 35697 N US Highway 45, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$975,900	Airbnb cash on cash: -2.63% Traditional cash on cash: -2.14% Airbnb Rental Income: $1025 Traditional Rental Income: $1112 Airbnb ROI: -2.63% Traditional ROI: -2.14%
23787 W Reindeer Trl LAKE VILLA, IL 23787 W Reindeer Trl, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| N/A	$55,000	Airbnb cash on cash: 7.16% Traditional cash on cash: 9.37% Airbnb Rental Income: $1025 Traditional Rental Income: $788 Airbnb ROI: 7.16% Traditional ROI: 9.37%
21290 W Engle Dr LAKE VILLA, IL 21290 W Engle Dr, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| N/A	$59,900	Airbnb cash on cash: 6.38% Traditional cash on cash: 7.14% Airbnb Rental Income: $1025 Traditional Rental Income: $711 Airbnb ROI: 6.38% Traditional ROI: 7.14%
0 Park Ave LAKE VILLA, IL 0 Park Ave, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| N/A	$139,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 1.35% Airbnb Rental Income: $1025 Traditional Rental Income: $705 Airbnb ROI: 1.05% Traditional ROI: 1.35%
36225 N Hwy. 45 LAKE VILLA, IL 36225 N Hwy. 45, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| N/A	$6,500,000	Airbnb cash on cash: -3.17% Traditional cash on cash: -3.15% Airbnb Rental Income: $1025 Traditional Rental Income: $788 Airbnb ROI: -3.17% Traditional ROI: -3.15%
36113 N Hwy. 45 LAKE VILLA, IL 36113 N Hwy. 45, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| N/A	$1,999,000	Airbnb cash on cash: -2.95% Traditional cash on cash: -2.89% Airbnb Rental Income: $1025 Traditional Rental Income: $788 Airbnb ROI: -2.95% Traditional ROI: -2.89%
38740 N Anderle Avenue LAKE VILLA, IL Build your retreat by the lake. Tons of potential on this 50x125 lot; Northern exposure of...	2 beds \| 1 baths \| 1,100 sq.ft.	$160,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 8.59% Airbnb Rental Income: $1284 Traditional Rental Income: $1747 Airbnb ROI: 2.93% Traditional ROI: 8.59%
37544 N Columbus Ave LAKE VILLA, IL 37544 N Columbus Ave, LAKE VILLA, IL 60046 \| Single Family Residential	4 beds \| 2 baths \| 1,474 sq.ft.	$304,900	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.72% Airbnb Rental Income: $2552 Traditional Rental Income: $2090 Airbnb ROI: 3.19% Traditional ROI: 3.72%
2823 Autumn Ridge Ct LAKE VILLA, IL 2823 Autumn Ridge Ct, LAKE VILLA, IL 60046 \| Single Family Residential	2 beds \| 2 baths \| 1,683 sq.ft.	$461,664	Airbnb cash on cash: -1.93% Traditional cash on cash: 1.42% Airbnb Rental Income: $1284 Traditional Rental Income: $2331 Airbnb ROI: -1.93% Traditional ROI: 1.42%
257 Indian Ridge Lane SE LAKE VILLA, IL Meet this recently updated residence at 257 Indian Ridge Ln, featuring fresh interior pain...	3 beds \| 3 baths \| 1,753 sq.ft.	$385,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 3.41% Airbnb Rental Income: $1205 Traditional Rental Income: $2453 Airbnb ROI: -1.12% Traditional ROI: 3.41%
2788 Spring Cir S LAKE VILLA, IL 2788 Spring Cir S, LAKE VILLA, IL 60046 \| Single Family Residential	2 beds \| 2 baths \| 1,953 sq.ft.	$514,427	Airbnb cash on cash: -1.61% Traditional cash on cash: 1.81% Airbnb Rental Income: $1284 Traditional Rental Income: $2525 Airbnb ROI: -1.61% Traditional ROI: 1.81%
39101 N Walnut Street LAKE VILLA, IL NEW MOUND SEPTIC BEING INSTALLED PRIOR TO CLOSING. Cooked Lake rights down the street. Per...	3 beds \| 1 baths \| 1,240 sq.ft.	$235,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.95% Airbnb Rental Income: $1205 Traditional Rental Income: $1660 Airbnb ROI: 0.15% Traditional ROI: 3.95%
406 Monaville Rd LAKE VILLA, IL 406 Monaville Rd, LAKE VILLA, IL 60046 \| Other	N/A beds \| N/A baths \| N/A	$1,800,000	Airbnb cash on cash: -2.92% Traditional cash on cash: -2.84% Airbnb Rental Income: $1025 Traditional Rental Income: $803 Airbnb ROI: -2.92% Traditional ROI: -2.84%
25486 W Chesney Drive LAKE VILLA, IL Move in and enjoy summer boating season on Columbia Bay right away in desirable Chesney Sh...	4 beds \| 3 baths \| 1,868 sq.ft.	$349,750	Airbnb cash on cash: 2.66% Traditional cash on cash: 4.06% Airbnb Rental Income: $2552 Traditional Rental Income: $2399 Airbnb ROI: 2.66% Traditional ROI: 4.06%
37259 N Fairview Lane LAKE VILLA, IL Welcome to this 2 bedroom, 1 and a half bath ranch in Lake Villa. New carpet and vinyl flo...	2 beds \| 2 baths \| 1,585 sq.ft.	$265,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 5.16% Airbnb Rental Income: $1284 Traditional Rental Income: $2173 Airbnb ROI: -0.01% Traditional ROI: 5.16%
1198 Tulip Tree Lane LAKE VILLA, IL Proud to present this original-owner Cedar Ridge Estates home featuring over-the-top space...	5 beds \| 3 baths \| 4,198 sq.ft.	$597,750	Airbnb cash on cash: -0.96% Traditional cash on cash: 2.42% Airbnb Rental Income: $1951 Traditional Rental Income: $3327 Airbnb ROI: -0.96% Traditional ROI: 2.42%

Real Estate investment in Lake-villa, IL

There are 43 properties for sale in the city of Lake Villa . The median list price in Lake Villa is $439,773 and the average price per square foot is $224. In June 2026, the average monthly cash on cash return in Lake Villa is 4.00%. The average monthly rental income in Lake Villa is $2,331.

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

There are 43 investment properties available for sale in Lake-villa.

In 2026, the best neighborhood to buy investment property is LAKE VILLA.

The ROI for Long-Term is higher than the Short-Term in Lake-villa with average rental income of $2,331.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Villa, IL

284 Northwind Drive

LAKE VILLA, IL

4 beds | 3 baths | 2,788 sq.ft.

$420,000

Airbnb cash on cash: 0.76%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $2552

Traditional Rental Income: $3124

Airbnb ROI: 0.76%

Traditional ROI: 3.78%

1718 Cherry Court

LAKE VILLA, IL

4 beds | 4 baths | 3,093 sq.ft.

$550,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 3.34%

Airbnb Rental Income: $2552

Traditional Rental Income: $3721

Airbnb ROI: -0.13%

Traditional ROI: 3.34%

25378 W Park Court

LAKE VILLA, IL

4 beds | 2 baths | 1,973 sq.ft.

$379,999

Airbnb cash on cash: 2.8%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $2552

Traditional Rental Income: $2673

Airbnb ROI: 2.8%

Traditional ROI: 4.86%

7 Woodhead Dr

LAKE VILLA, IL

5 beds | 3 baths | 1,822 sq.ft.

$355,000

Airbnb cash on cash: 0.84%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1951

Traditional Rental Income: $2601

Airbnb ROI: 0.84%

Traditional ROI: 4.33%

21990 W 6th St

LAKE VILLA, IL

6 beds | 3 baths | 2,557 sq.ft.

$635,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 1.57%

Airbnb Rental Income: $1951

Traditional Rental Income: $2508

Airbnb ROI: -0.24%

Traditional ROI: 1.57%

355 Woodhill Ln

LAKE VILLA, IL

3 beds | 2 baths | 2,550 sq.ft.

$484,999

Airbnb cash on cash: 0.29%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $1205

Traditional Rental Income: $2722

Airbnb ROI: 0.29%

Traditional ROI: 4.49%

38856 N Cedar Crest Drive

LAKE VILLA, IL

4 beds | 4 baths | 5,494 sq.ft.

$1,450,000

Airbnb cash on cash: -1.52%

Traditional cash on cash: 0.36%

Airbnb Rental Income: $2552

Traditional Rental Income: $4477

Airbnb ROI: -1.52%

Traditional ROI: 0.36%

23818 W Reindeer Trail

LAKE VILLA, IL

3 beds | 3 baths | 2,500 sq.ft.

$599,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $1205

Traditional Rental Income: $3162

Airbnb ROI: 0.15%