O'Neil Property Group

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$369,900
29 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
PriceΒ 
$369,900
Days On SiteΒ 
29 Days
BedroomsΒ 
2
Inside Area (SqFt)Β 
1,594 sqft
Total BathsΒ 
2
Full BathsΒ 
2
Partial BathsΒ 
N/A
Lot SizeΒ 
0.21 Acres
Year BuiltΒ 
1952
MLS NumberΒ 
12780527
StatusΒ 
Active
Property TaxΒ 
$5,590
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
Assessor
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
3 weeks agoStatus changed to Active
4 weeks agoListing first seen on site
General Features
AcresΒ 
0.21
Attached GarageΒ 
Yes
Direction FacesΒ 
South
FoundationΒ 
Concrete Perimeter
GarageΒ 
Yes
Garage SpacesΒ 
2.5
ParkingΒ 
Garage Door OpenerAttachedGarageDriveway
Parking SpacesΒ 
2.5
Property Sub TypeΒ 
Single Family Residence
SewerΒ 
Public Sewer
StyleΒ 
Step Ranch
Water SourceΒ 
Public
Interior Features
AppliancesΒ 
RangeDishwasherRefrigeratorWasherDryerStainless Steel Appliance(s)
BasementΒ 
None
CoolingΒ 
Wall Unit(s)
FireplaceΒ 
Yes
Fireplace FeaturesΒ 
Living RoomElectric
FireplacesΒ 
1
HeatingΒ 
Natural GasSteam
InteriorΒ 
Built-in Features
Laundry FeaturesΒ 
In UnitSink
Window FeaturesΒ 
Skylight(s)
Bedroom 2Β 
Dimensions - 11X11Level - Main
Bedroom 3Β 
Bedroom 4Β 
Dining RoomΒ 
Dimensions - 14X12Level - Main
Family RoomΒ 
Dimensions - 18X9Level - Main
KitchenΒ 
Dimensions - 13X18Level - MainDescription - Eating Area-Table Space,Updated Kitchen
LaundryΒ 
Dimensions - 11X18Level - Main
Living RoomΒ 
Dimensions - 18X12Level - Main
Master BedroomΒ 
Dimensions - 15X12Level - Main
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Exterior Features
Construction DetailsΒ 
Frame
Other StructuresΒ 
None
Patio And PorchΒ 
Deck
RoofΒ 
Asphalt
ViewΒ 
Water
WaterfrontΒ 
Yes
WaterviewΒ 
Water
Windows/DoorsΒ 
Skylight(s)
Community Features
Community FeaturesΒ 
Lake
MLS AreaΒ 
Island Lake
School DistrictΒ 
Wauconda Community High School
TownshipΒ 
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 2026-11-08 01:18 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: 2026-11-08 01:18 PM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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