542 E Prospect Avenue, Lake Bluff, IL 60044 - Photo 1

1/1

$841,300

Sold
Closed
Single Family
7 Beds
4 Full Baths
3 Partial Baths
4,142 Sq. Ft.
2 Car Garage

1/1

Property Description

Sold "as-is" and awaiting vision, this East Lake Bluff home offer tremendous upside potential. Nestled on a generous lot steps from the lake, trails, and historic downtown, this property is ideal for a full renovation or a new build opportunity in one of the North Shore's most coveted neighborhoods. Floor Area Ratio (FAR) (based on 12,400 square foot lot) is 4280 square feet with a maximum build height of 34 feet. 2023 Taxes are $22,811.28 with no exemptions.

Full Property Details

Full Property Details for 542 E Prospect Ave

General

Sold For: $841,300
Taxes: $22,811 (2023)
Status: Closed
Type: Single Family
Source: MRED
MLS ID: 12431842
Added to Site: 144 day(s) ago

Interior

Fireplace: Yes
Fireplace(s): Living Room, Wood-Burning

Rooms

Bathrooms

Total Bathrooms: 7
Full Bathrooms: 4
Half Bathrooms: 3
Basement Baths: Yes

Bedrooms

Total Bedrooms: 7

Additional Information

Other Features: School Bus Service, Commuter Train

Exterior

Exterior Features: Balcony

Parking

Garage: Yes
Attached garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Gravel, No Garage, On Site, Garage Owned, Attached, Garage
Parking On-Site: Yes

Location

Area: Lake Bluff
County: Lake
Driving Directions: Sheridan Road to Center Ave East to Evanston Rd South to Prospect East to number.

School Information

School District: 65
Midd School District: 65
Elementary School: Lake Bluff Elementary School
Middle School: Lake Bluff Middle School
High School: Lake Forest High School
Private School: Lake Forest High School

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Natural Gas, Forced Air

Utilities

Water: Lake Michigan, Public

Structural Information

Architectural Style: Traditional
Construction: Brick
Exterior Const.: Brick
Basement Desc.: Partially Finished, Full
Foundation: Concrete Perimeter
Roof: Asphalt
Square Feet: 4,142
Sq. Ft. Source: Assessor
Year Built: 1955
Built Before 1978: Yes

Lot Features

Lot Size (Acres): 0.31
Lot Size Range: .25 to .49 Acre
Lot Dimensions: 100 x 124
Lot Features: Corner Lot

Financial Considerations

Parking Included: Yes
Assessment Year: 1955
Tax Amount: $22,811
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 12212190160000

Listed by Jameson Sotheby's International Realty
Sold by Komar

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Listing agents

— 542 E Prospect Ave —

Jameson Sotheby's International Realty

(847) 987-5702

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Schools

Schools serving 542 E Prospect Ave

School Districts:Lake Bluff Elementary School District 65, Lake Forest Community High School District 115

Name	Grades	Distance
Lake Bluff Elementary School, Lake Bluff, IL 350 West Washington Avenue, Lake Bluff, IL 60044	K-5	1.3 mi
Lake Bluff Middle School 31 East Sheridan Place, Lake Bluff, IL 60044	6-8	0.6 mi
Lake Forest High School 1285 North McKinley Road, Lake Forest, IL 60045	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 542 E Prospect Ave

Date

Details

Price

Change

Source

10/14/2025

Sold

$841,300

-11.35%

MLS

8/25/2025

Listed

$949,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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542 E Prospect Avenue, Lake Bluff, IL 60044 (MLS# 12431842) is a Single Family property that was sold at $841,300 on October 14, 2025. Want to learn more about 542 E Prospect Avenue? Do you have questions about finding other Single Family real estate for sale in Lake Bluff? You can browse all Lake Bluff real estate or contact a Coldwell Banker agent to request more information.

542 E Prospect Ave Lake Bluff, IL 60044