O'Neil Property Group

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$369,900
6 Days On Site

402 Channel Drive
Island Lake, IL 60042

For Sale|Single Family Residence|Active
2
Beds
2
Total Baths
2
Full Baths
1,594
SqFt
$232
/SqFt
1952
Built
Subdivision:
Island Lake Estates
County:
Lake
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty
402 Channel Drive402 Channel Drive402 Channel Drive402 Channel Drive
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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.

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Listing Snapshot
Price 
$369,900
Days On Site 
6 Days
Bedrooms 
2
Inside Area (SqFt) 
1,594 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.21 Acres
Year Built 
1952
MLS® Number 
12780527
Status 
Active
Property Tax 
$5,590
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
15 hours agoListing updated with changes from the MLS®
15 hours agoStatus changed to Active
6 days agoListing first seen on site
General Features
Acres 
0.21
Attached Garage 
Yes
Direction Faces 
South
Foundation 
Concrete Perimeter
Garage 
Yes
Garage Spaces 
2.5
Parking 
Garage Door OpenerAttachedGarageDriveway
Parking Spaces 
2.5
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Style 
Step Ranch
Water Source 
Public
Interior Features
Appliances 
RangeDishwasherRefrigeratorWasherDryerStainless Steel Appliance(s)
Basement 
None
Cooling 
Wall Unit(s)
Fireplace 
Yes
Fireplace Features 
Living RoomElectric
Fireplaces 
1
Heating 
Natural GasSteam
Interior 
Built-in Features
Laundry Features 
In UnitSink
Window Features 
Skylight(s)
Bedroom 2 
Dimensions - 11X11Level - Main
Bedroom 3 
Bedroom 4 
Dining Room 
Dimensions - 14X12Level - Main
Family Room 
Dimensions - 18X9Level - Main
Kitchen 
Dimensions - 13X18Level - MainDescription - Eating Area-Table Space,Updated Kitchen
Laundry 
Dimensions - 11X18Level - Main
Living Room 
Dimensions - 18X12Level - Main
Master Bedroom 
Dimensions - 15X12Level - Main
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Exterior Features
Construction Details 
Frame
Other Structures 
None
Patio And Porch 
Deck
Roof 
Asphalt
View 
Water
Waterfront 
Yes
Waterview 
Water
Windows/Doors 
Skylight(s)
Community Features
Community Features 
Lake
MLS Area 
Island Lake
School District 
Wauconda Community High School
Township 
Wauconda
Schools
School District
Wauconda Community High School
Elementary School
Cotton Creek School
Middle School
Matthews Middle School
High School
Wauconda Community High School
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty



Based on information submitted to the MLS GRID as of 2026-10-15 08:27 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-10-15 08:27 PM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

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