$199,500

2295 Waters Edge, Waukegan, IL 93719

Sample listing

Bedrooms

Bathrooms

Square feet

80 ft

Shoreline

$2,494

Per shoreline ft

Architect-designed retreat on the main channel on Lake Michigan (Illinois shore). Roughly 80 feet of owned shoreline on 0.89 acres. Crib dock with lift. Water clarity on Lake Michigan (Illinois shore) averages around 15 feet and the lake is classified natural for water level. Dock and shoreline work fall under IL DNR Coastal. This is a sample listing used to demonstrate the platform.

Features

Guest quartersTwo-slip dockNew roofBoat liftBoathousePrivate dockLakeside deckGentle slope to water

Property facts

Property typeLot Year built— Lot size0.89 acres DockCrib dock with lift Water depth at dock8 ft ExposureWest-facing ViewPanoramic Annual taxes$2,346 HOA$0/mo Short-term rentalPermitted Listed2026-08-05

$2,214

All-in monthly

$47,938

Cash to close

$10,205

Costs beyond the obvious

Up front

Down payment	$39,900
Closing costs (est. 2.4%)	$4,788
Septic inspection & pump	$850
Water quality testing	$400
Waterfront home inspection	$800
Survey (shoreline frontage)	$1,200
Total	$47,938

Every year

Principal & interest	$12,614
Property taxes	$2,346
Hazard insurance	$1,400
Flood insurance	$2,400
Utilities	$2,700
Maintenance reserve (1.1%)	$2,194
Septic service	$520
Well & water testing	$260
Dock maintenance	$900
Winterization / seasonal close	$750
Shoreline / seawall reserve	$480
Total	$26,564

Adjust these assumptions →

$2,494

This home / shoreline ft

$4,042

Lake average

—

Per square foot

Well below the lake average — this property prices at $2,494 per shoreline foot against a lake average near $4,042, a difference of -38%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.

Open the analyzer →

Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.

Booked nights / year116 Gross revenue$66,698 Lodging tax−$7,337 Management−$11,872 Cleaning & supplies−$15,020 Net operating income$32,469 Against annual carry$5,905

Model your own →

6.6

Lake score

Water grade

2 ft

Drawdown

Level stabilityNatural Typical clarity15 ft Dock authorityIL DNR Coastal

Full Lake Michigan (Illinois shore) report →