A true diamond in the rough waiting for the next owner to bring their vision and restore its magic! This unique home blends character, space, and opportunity in a peaceful natural setting. Nestled on a beautiful double wooded lot in a desirable lake community, you'll enjoy lake rights with all the perks of Slocum Lake including a beach, playground, boating and fishing for largemouth bass, channel catfish, and eyetail bowfin. Originally built in 1930 as a charming lake cottage, the home was expanded with a spacious two-story addition in 1990, creating an expansive floorplan with large rooms, tall ceilings, and endless potential. Inside, you'll find a dramatic two-story Great Room, a generously sized Kitchen with island and table space, and direct access to the composite deck overlooking mature trees, green space, and a tranquil pond setting. Completing the main level: one bedroom, a full bath with walk-in shower, and convenient first-floor laundry. Upstairs, accessed by a spiral staircase, are two additional bedrooms including a generously sized Primary Bedroom with two closets and an attached full bath featuring a whirlpool tub. Two charming nooks flank the hallway, perfect for a cozy reading area, desk space, or whatever your imagination inspires! Enjoy the serene and private location as you relax on the deck or plan your next garden party! Wauconda is a fantastic location! Beach and marina access on Bangs Lake, quaint downtown area with monthly summertime cruise nights, farmer's market, awesome restaurants and bars and a new speakeasy! Convenient shopping along the Rand Road corridor. Grab your golf cart and cruise around and enjoy the amenities! Great opportunity for sweat equity! Owner has architectural plans to share if you're interested, including a redesign to include a formal staircase. AS IS SALE