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.
Closed
$650,000
789 N McKinley Rd, Lake Forest, IL 60045
3beds
--sqft
Multi Family
Built in 1910
-- sqft lot
$652,300 Zestimate®
$--/sqft
$4,240 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 30, 2025 at 12:25pm
Listing courtesy of:
Flor Hasselbring 847-997-1901,
Compass,
Tracy Hasselbring 312-259-8866,
Compass
Bought with:
Donald Glyman
Tri-County Comm'l R.E., Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12370830
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Soaking Tub
Heating
- Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished,Exterior Entry,Storage Space,Full,Walk-Out Access
Property
Lot
- Size: 4,600 sqft
- Dimensions: 40 X 115
Details
- Parcel number: 12331080020000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s)
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Lake Forest
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$652,300
2% more+$13,046
With Zillow Showcase(estimated)$665,346