Land with Home for Lease in Lake Villa, Illinois

This large, beautiful property has 10 acres of land with a barn and has a 3-bedroom, 2-bathroom tri-level home that offers a unique opportunity for both residential comfort and commercial use. Built in 1988 and fully remodeled in 2019, this property sits on approximately 5 usable acres perfect for those seeking a combination of living space and functional land. Enjoy private, country-style living while being just one mile from downtown Lake Villa and only a few miles from Round Lake, with convenient access to shopping, dining, and everyday amenities. The tri-level layout provides a comfortable, functional flow with distinct spaces for living, relaxing, and entertaining. The home features abundant natural light, well-sized rooms, a 3-season room, and an outdoor concrete patio ideal for enjoying both indoor and outdoor living. Beyond the home, the property includes a working farm area with open, flexible acreage. The 5 usable acres are well-suited for agricultural use, small business operations, storage, or other commercial opportunities, making this an excellent option for live-work arrangements. This is a rare rental opportunity that blends residential living with acreage and commercial potential all while being close to town conveniences. Perfect for tenants looking to grow their business, enjoy extra space, and experience the benefits of country living without sacrificing location.