869 N Mckinley Rd Lake Forest, IL 60045
Estimated payment $3,778/month
About This Home
Located in the heart of beautiful downtown Lake Forest, this versatile property sits just across from the Metra station and everything the area has to offer. Currently configured as a two-unit residence, the home is zoned single-family and offers multiple possibilities: convert it into a spacious single-family home or keep it as an income-producing investment property. First floor unit features 2 BR/1 bath. Second floor unit features 1 BR/1 bath. The partially finished basement has one additional bedroom + a full bathroom. Common washer/dryer located in the basement. Yard with patio and a detached one car garage. This is a rare opportunity in an unbeatable location and is sold as-is.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,638
Year Built
- Built in 1910
Parking
- 1 Car Garage
- Parking Included in Price
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Schools
- Sheridan Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 75 x 50
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,410 | $127,726 | $50,404 | $77,322 |
| 2023 | $5,206 | $117,742 | $46,464 | $71,278 |
| 2022 | $5,206 | $97,224 | $38,367 | $58,857 |
| 2021 | $5,056 | $96,385 | $38,036 | $58,349 |
| 2020 | $4,946 | $96,918 | $38,246 | $58,672 |
| 2019 | $4,696 | $95,139 | $37,544 | $57,595 |
| 2018 | $3,932 | $86,499 | $49,639 | $36,860 |
| 2017 | $3,861 | $85,053 | $48,809 | $36,244 |
| 2016 | $3,677 | $80,956 | $46,458 | $34,498 |
| 2015 | $3,603 | $76,230 | $43,746 | $32,484 |
| 2014 | $3,370 | $71,635 | $39,275 | $32,360 |
| 2012 | $3,384 | $72,257 | $39,616 | $32,641 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | Pending | -- | -- | -- |
| 09/18/2025 09/18/25 | For Sale | $600,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Home Equity Title Svcs Inc | |
| Interfamily Deed Transfer | -- | Greater Illinois Title Compa |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $303,000 | Unknown | |
| Previous Owner | $124,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12475680
APN: 12-28-315-005
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