$540,000

4030 Marina Dr, Waukegan, IL 33354

Sample listing

Bedrooms

Bathrooms

3,400

Square feet

180 ft

Shoreline

$3,000

Per shoreline ft

Deep-water point lot with a covered slip on Lake Michigan (Illinois shore). Roughly 180 feet of owned shoreline on 4.4 acres, with 2 bedrooms across 3,400 square feet. Single-slip stationary. 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

Whole-house generatorDetached garageOpen floor planGuest quartersBoathouseCovered slipPrivate dockNew roof

Property facts

Property typeCabin Year built2009 Lot size4.40 acres DockSingle-slip stationary Water depth at dock10 ft ExposureNorth-facing ViewMain channel Annual taxes$7,861 HOA$0/mo Short-term rentalVerify locally Listed2026-08-05

$5,059

All-in monthly

$124,210

Cash to close

$16,440

Costs beyond the obvious

Up front

Down payment	$108,000
Closing costs (est. 2.4%)	$12,960
Septic inspection & pump	$850
Water quality testing	$400
Waterfront home inspection	$800
Survey (shoreline frontage)	$1,200
Total	$124,210

Every year

Principal & interest	$34,142
Property taxes	$7,861
Hazard insurance	$2,268
Flood insurance	$2,400
Utilities	$4,590
Maintenance reserve (1.1%)	$5,940
Septic service	$520
Well & water testing	$260
Dock maintenance	$900
Winterization / seasonal close	$750
Shoreline / seawall reserve	$1,080
Total	$60,711

Adjust these assumptions →

$3,000

This home / shoreline ft

$4,042

Lake average

$159

Per square foot

Well below the lake average — this property prices at $3,000 per shoreline foot against a lake average near $4,042, a difference of -26%. 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$32,469 Against annual carry$-28,242

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 →