Browse All Properties for Sale with Cocktail Lounge

3 Beds ⋅ 3 Baths ⋅ 12004798 MLS ⋅ CLOSED Status

First time EVER on the market and stunning!!! Home shows like a model. Soaring ceilings greet you with open staircase. So many upgrades. Crisp white cabinets, granite counter, custom tile backsplash, large island with setting area and storage. High-end stainless steel appliances. New lighting and fixtures. ~ 2021. Sunny first floor Office with wall of windows and sliders out to professionally landscaped fenced back yard patio area. NEW flooring through out ~ 2021. NEW roof ~ 2011. NEW Driveway ~ 2014. NEW furnace ~ 2017. NEW A/C ~ 2013. NEW water heater ~ 2018. NEW washer & dryer ~ 2022. Upstairs enjoy the Primary Suite with vaulted ceiling, huge walk in closet and private bath complete with double sink vanity, deep soaking tub & glass enclosed shower. Two additional bedrooms and sparkling full bath complete the second story. Let the games begin in the full basement with large Rec. Room with pool table included. Tons of storage space in large storage/utility room with built in shelving. The 3 car garage features wall mounted gas heater to keep you warm as you work or play out there. Home has a great location. Meadowview grade school is only blocks away. Many paved trails through out the subdivision allow you to reach neighborhood parks, tennis courts, basketball court, playgrounds and miles of Lake County Forest Preserve trails. There is also a trail to downtown Grayslake that is just minutes away. Great shopping, restaurants and village events year round. But there is MORE! Roughly a mile away from 2 Metra train stations, on 2 different train lines. One to downtown Chicago (Lake St) and the other to O'Hare airport (Washington St). Easy access to the Toll-way too. You can have it all!

497 Penny Lane, Grayslake

Start Your Search

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Copyright 2026 MRED LLC. All rights reserved.

Based on information submitted to the MLS Grid as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MLS Grid. MRED 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.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Some listings have been excluded from this website.

Grayslake Real Estate & Homes With Cocktail Lounge

Our website features the best real estate search for homes, condos, land and foreclosure properties available in Grayslake, IL. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!