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Lake Forest, IL Multifamily Home for Sale

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    $674,900

    • 3 Beds
    • 4 Baths

    789 N Mckinley Rd, Lake Forest, IL 60045

    Rare investment opportunity, own a 4-unit multifamily home in downtown Lake Forest at a great price! Fantastic location near Metra commuter rail and bike trails, Lake Forest Library, Market Square, and access to grocery and retail shops. Two units in front, one on the main level, feature hardwood floors and tall ceilings, a large foyer entry, a wood-burning fireplace with bay windows in the

    Flor Hasselbring Compass

    789 N Mckinley Rd, Lake Forest, IL 60045

Why Live in Lake Forest

Lake Forest, IL, originally established as a retreat for Chicago's elite, retains its tranquil charm with historic mansions along Lake Michigan's shores. The city is known for its grand estates featuring French, Tudor, and Colonial architectural styles, many designed by renowned architects like Frank Lloyd Wright. Homes often sit on expansive lots with lush gardens. Recreational opportunities abound, from swimming and boating at Forest Park Beach to golfing at Deerpath Golf Course. Fort Sheridan Forest Preserve offers trails for hiking and bird watching. The city's downtown, Historic Market Square, boasts local restaurants, high-end shops, and hosts summer concerts. The Gorton Center provides a venue for diverse cultural events, while Ragdale supports artists through its residency program. Lake Forest Day, held every August, is a community highlight with parades and carnivals. The city is served by highly rated schools, including Lake Forest Elementary School District 67 and Lake Forest Community High School. Lake Forest College offers a private liberal arts education. Two Metra stations connect residents to downtown Chicago, 33 miles away, and Chicago O’Hare International Airport is 25 miles from the city. The area has lower crime rates compared to the national average, contributing to its appeal as a safe and serene place to live.

Home Trends in Lake Forest, IL

Housing Trends

Median Sale Price
$1,164,100
Median Single Family Sale Price
$1,300,000
Median Townhouse Sale Price
$1,329,000
Median 2 Bedroom Sale Price
$520,000
Average Price Per Sq Ft
$383
Number of Homes for Sale
64
Last 12 months Home Sales
241
Months of Supply
3.20
Median List Price
$1,295,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
17%
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