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Forest Lake Multifamily Home for Sale

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    $349,000

    • 4 Beds
    • 2 Baths

    23761 N Cottage Rd, Lake Zurich, IL 60047

    Great opportunity in Lake Zurich! This 2-unit home features a versatile layout-perfect for investors, extended families, or those seeking rental income. It could also be the ideal living situation as a single family home. The main level offers ample living space, a full bath, and 2 bedrooms. The upper level has a separate entrance, its own kitchen, 2 bedrooms, and 1 bath, ideal for added privacy

    Jamie Lemmons-Svoboda Keller Williams Preferred Rlty

    23761 N Cottage Rd, Lake Zurich, IL 60047

Why Live in Forest Lake

Forest Lake, located in the unincorporated region of Illinois between Lake Zurich and Hawthorn Woods, is characterized by its namesake lake and four public parks that contribute to the area's tranquil atmosphere. The neighborhood features a range of home styles, from refreshed 1930s and '40s houses to newer constructions, many with waterfront access or scenic views. The community's rural feel means residents often share the road with pedestrians, as there are no formal sidewalks. Forest Lake's parks, such as Steinken Park and Erker Park, offer recreational spaces with lake views and host annual events like the John Harkness Sr. Ice Fishing Derby, Easter Egg Hunt, and Halloween Parade and Party. Students in Forest Lake attend highly rated schools, including May Whitney Elementary School, Lake Zurich Middle School North Campus, and Lake Zurich High School, which is noted for its strong academics and performing arts program. Dining and shopping options are conveniently located along Route 22, with local favorites like Stompin’ Grounds Café, DiPiero’s Pizza & Catering, and Vault 232 Restaurant and Bar, as well as retail centers like Oakwood Commons Shopping Center and North Lake Commons. The community enjoys a low crime risk compared to the national average, offering a peaceful living environment without sacrificing access to modern amenities.

Home Trends in Forest Lake, IL

Housing Trends

Median Sale Price
$826,000
Median Single Family Sale Price
$632,000
Median 2 Bedroom Sale Price
$275,000
Average Price Per Sq Ft
$258
Number of Homes for Sale
4
Last 12 months Home Sales
5
Months of Supply
9.60
Median List Price
$475,000
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
16%
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