$650,000 SOLD Sep 2025
Listed at $674,900

789 N Mckinley Road, Lake Forest, IL 60045

Closed
3 beds 0 baths Built 1910 Residential Income MLS #MRD12370830 54 days on market
Listing courtesy of Compass · 847-250-6391 · MLS #MRD12370830 · Status: Closed
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.

Property details

Interior

Basement
Unfinished, Exterior Entry, Storage Space, Full, Walk-Out Access
Total rooms
9

Building & exterior

Style
Traditional
Age
100+ Years
Exterior
Vinyl Siding
Roof
Asphalt
Foundation
Brick/Mortar

Parking

Total spaces
0

Lot & location

Lot dimensions
40 X 115
Township
Shields
County
Lake

Utilities

Heating
Natural Gas
Water
Lake Michigan, Public
Sewer
Public Sewer
Equipment
CO Detectors, Water Heater-Gas

HOA & community

Community features
Curbs, Sidewalks, Street Lights, Street Paved

Schools

Elementary
Sheridan Elementary School (67)
Junior high
Deer Path Middle School (67)
High school
Lake Forest High School (115)

Taxes & terms

Annual taxes
$10,959 (2024)
Parcel number (PIN)
12331080020000
PIN
12331080020000
Ownership
Fee Simple
Possession
Closing, Immediate
Special conditions
None
Listed
6/21/2025
Sold
9/30/2025
Sold price
$650,000
Want to see this home?

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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