ClosedPrice Reduced

$674,900

$725,000
789 Mckinley Road, Lake Forest, IL 60045
3 Beds4 Baths54 days
789 Mckinley Road·Lake Forest, IL 60045
3Bedrooms
4Bathrooms
1910Year Built
About This Home

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.

MLS# 12370830Listed June 21, 2025Residential IncomeTraditional
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms4
Total Rooms9

Size & Structure

Year Built1910
Lot Size40 X 115

Location

CountyLake
TownshipShields
Zip Code60045

Financial

List Price$674,900
Original Price$725,000
Annual Taxes (2024)$10,959
Monthly Tax Est.$913
Parcel #12331080020000
Interior Features

Heating

Natural Gas

Basement

UnfinishedExterior EntryStorage SpaceFullWalk-Out Access
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt

Foundation

Brick/Mortar
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Sheridan Elementary School
District: 67
Middle School
Deer Path Middle School
District: 67
High School
Lake Forest High School
District: 115
Tax & Financial
Annual Taxes
$10,959
Tax Year 2024
Monthly Tax Est.
$913
per month
Price Reduced by $50,100
Original list price: $725,000
Property Location

789 Mckinley Road, Lake Forest, IL 60045 — Lake County

$674,900
789 Mckinley Road
3 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
54 days on market
40 X 115
$10,959/yr taxes
Price reduced $50,100
$4,460
estimated monthly payment
Principal & Interest
$3,547/mo
Property Tax
$913/mo
$674,900
20% — $134,980
3%50%
6.875%
3%12%
Loan Amount
$539,920
Down Payment
$134,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Flor Hasselbring
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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