For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12370830
Sold Date 09/30/25
Style Traditional
Bedrooms 3
Year Built 1910
Annual Tax Amount $10,959
Tax Year 2024
Lot Dimensions 40 X 115
Property Sub-Type Two to Four Units
Property Description
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 living room, a one-bedroom, one-bath unit, and a kitchen. The front second-level unit features a carpeted living space, a kitchen with an adjacent dining or sunroom, a decent-sized pantry closet, a single bedroom, and a full bathroom with a tub. There are two units at the back of the building. The first floor is a studio, accessible from the side of the building, that features hardwood floors, a kitchen, and a bath. The second-level unit, featuring hardwood floors, comprises a living space (or second bedroom), a kitchen, a bedroom, and a bath with a tub. The unfinished basement, featuring a common walk-out, includes a washer and dryer shared by all four units, as well as individual storage. This home is equipped with a newer water heater, boiler heat, individual electricity panels, and window air conditioning. No parking is included, but well-lit overnight parking can be purchased across the street in the city lot. The drive and alley are access-only. Sold "as-is", no warranties.
Location
State IL
County Lake
Area Lake Forest
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry, Storage Space, Full, Walk-Out Access
Interior
Heating Natural Gas
Equipment CO Detectors, Water Heater-Gas
Fireplace N
Exterior
Community Features Curbs, Sidewalks, Street Lights, Street Paved
Roof Type Asphalt
Building
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Sheridan Elementary School
Middle Schools Deer Path Middle School
High Schools Lake Forest High School
School District 67 , 67, 115
Others
Ownership Fee Simple
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Donald Glyman of Tri-County Comm'l R.E., Inc.
GET MORE INFORMATION

Rich Ayers
Team Lead | Realtor | License ID: 471.001732
Team Lead | Realtor License ID: 471.001732