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$650,000
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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.
Full Property Details
Full Property Details for 789 N McKinley Rd
General
- Sold For: $650,000
- Taxes: $10,959 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12370830
- Added to Site: 210 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 3
Additional Information
- Equipment: Carbon Monoxide Detectors, Water Heater-Gas
- Other Features: Commuter Train
Location
- Area: Lake Forest
- County: Lake
- Driving Directions: Two homes North of Westminster on McKinley.
School Information
- School District: 67
- Midd School District: 67
- Elementary School: Sheridan Elementary School
- Middle School: Deer Path Middle School
- High School: Lake Forest High School
- Private School: Lake Forest High School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan, Public
Structural Information
- Architectural Style: Traditional
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement Desc.: Unfinished, Exterior Entry, Storage Space, Full, Walk-Out Access
- Foundation: Brick/Mortar
- Roof: Asphalt
- Year Built: 1910
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 40 x 115
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1910
- Tax Amount: $10,959.48
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 12331080020000
Listed by Compass
Sold by Tri-County Comm'l R.E., Inc.
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Schools
Schools serving 789 N McKinley Rd
School Districts:Lake Forest Community High School District 115, Lake Forest School District 67
| Name | Grades | Distance |
|---|---|---|
Sheridan Elementary School, Lake Forest, IL 1360 North Sheridan Road, Lake Forest, IL 60045 | K-4 | 0.7 mi |
Deer Path Middle School East 95 West Deerpath Road, Lake Forest, IL 60045 | 5-6 | 0.7 mi |
Deer Path Middle School West 155 West Deerpath Road, Lake Forest, IL 60045 | 7-8 | 0.7 mi |
Lake Forest High School 1285 North McKinley Road, Lake Forest, IL 60045 | 9-12 | 0.7 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 789 N McKinley Rd
Date
Details
Price
Change
Source
9/30/2025
Sold
$650,000
-3.69%
MLS
7/21/2025
Price Reduced
$674,900
-6.91%
MLS
6/21/2025
Listed
$725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
789 N McKinley Road, Lake Forest, IL 60045 (MLS# 12370830) is a Multi-Family property that was sold at $650,000 on September 30, 2025. Want to learn more about 789 N McKinley Road? Do you have questions about finding other Multi-Family real estate for sale in Lake Forest? You can browse all Lake Forest real estate or contact a Coldwell Banker agent to request more information.

