OFF MARKET

Off market feb 2023 for $1.5M

$2,018,155

Est. refi paymentEst. refi $4,495/mo

•

4,000

sq ft

496 E Illinois Rd, Lake Forest, IL 60045

About this home

This three-story vintage home, known as the Frank W. Read House, is located in East Lake Forest in a coveted, close-to-town location, and is situated on almost an acre of beautiful, landscaped property! Vintage features include many original details such as wood floors, a beautiful staircase, high ceilings, built-ins, and multiple sun rooms with lovely views of the yard. Completely updated top to bottom over the last year, this home now enjoys four finished levels, five new bathrooms, a stunning white kitchen, and a four-car, tandem garage. The updates are comprehensive with all new mechanicals, roof, windows, and finishes. You can move right into this gem! Walk the property to enjoy the size and beauty of this lot. NEW in last 12 months: central air conditioning added, changed old boiler & radiator heat system to new gas furnace system, asphalt shingle roof, gutters, windows, kitchen, four bathrooms renovated (one upgraded from half to full bath). Finished basement including bathroom added, laundry room with new washer & dryer, new staircase & egress window added. Exterior stucco work and paint. Garage renovation with new roof, garage door, siding, epoxy floor & electric car capable. New wood floors through much of the house, refinished wood floors. Extensive electrical improvements including recessed lighting throughout, internet ready, light fixtures. Interior paint, cement patio and walkway, driveway. Massive landscaping work with incredible tree removal and many new plantings.

Single-familyProperty Type

1924Year Built

0.81 acresLot Size

$505Est. Price/Sq.Ft.

4 car garageParking

Listed by Suzanne Myers • Coldwell Banker Realty

Bought with Paige Dooley • Compass

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #11669398

Redfin Estimate

$2,018,155

$443K since sold in February 2023$17K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4% lower than the average sale price ($2.10M) of 6 comparable homes.

SOLD OCT 14, 2026
$2,645,000
A
4 beds4.5 baths3,700 sq ft
865 Church Rd, Lake Forest, IL 60045
SOLD SEP 9, 2026
$2,225,000
B
5 beds5.5 baths6,404 sq ft
51 S Mayflower Rd, Lake Forest, IL 60045
SOLD AUG 21, 2026
$1,400,000
C
5 beds3.5 baths3,293 sq ft
177 Washington Rd, Lake Forest, IL 60045
SOLD OCT 13, 2026
$1,775,000
D
5 beds4 baths4,166 sq ft
1041 Havenwood Ln, Lake Forest, IL 60045
SOLD AUG 17, 2026
$2,100,000
E
5 beds5 baths4,775 sq ft
30 N Western Ave, Lake Forest, IL 60045
SOLD APR 20, 2026
$2,475,000
F
6 beds4.5 baths4,036 sq ft
375 Washington Rd, Lake Forest, IL 60045

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Earn from this home

Sell

$750,811

Est. take-home

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Refinance

Est. cash available

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Rent

$6,176/mo

Redfin rental estimate

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Market trends in 60045, IL

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

100.7%

+0.1% MoM

Median sale price

$1.3M

$81K MoM

Avg. days on market

47d

2 days MoM

Recently sold homes

6 MoM

New listings for sale

$2,550,000
5 beds4.5 baths5,438 sq ft
1175 Edgewood Rd, Lake Forest, IL 60045
NEW 22 HRS AGO
$995,000
5 beds3.5 baths3,118 sq ft
1 Briarwood Ln, Lincolnshire, IL 60069
EARLY ACCESS
$1,695,000
6 beds5 baths6,014 sq ft
720 Newcastle Dr, Lake Forest, IL 60045
$1,995,000
4 beds4.5 baths4,387 sq ft
677 Buena Rd, Lake Forest, IL 60045
$1,950,000
4 beds4.5 baths4,744 sq ft
950 Lakewood Dr, Lake Forest, IL 60045
OPEN TODAY, 11AM TO 1PM
$949,900
4 beds3.5 baths2,367 sq ft
598 Wharton Dr, Lake Forest, IL 60045
OPEN TODAY, 1PM TO 3PM
$1,245,000
3 beds3 baths1,944 sq ft
64 Washington Rd, Lake Forest, IL 60045
OPEN SUN, 1PM TO 3PM
$1,349,000
5 beds4.5 baths3,318 sq ft
1309 W Estate Ln E, Lake Forest, IL 60045
$1,800,000
4 beds3.5 baths2,995 sq ft
130 E Foster Pl, Lake Forest, IL 60045
$575,000
3 beds2 baths1,888 sq ft
90 Franklin Pl #209, Lake Forest, IL 60045
See all

Provided by Redfin

Sale history for 496 E Illinois Rd

Date

Event

Price

MRED as Distributed by MLS Grid #11669398

Feb 28, 2023

Sold (MLS) (Closed)

$1,575,000

$394/sq ft

Feb 21, 2023

Pending

—

Feb 1, 2023

Contingent (Contingent - Continue to Show)

—

Jan 9, 2023

Listed (Active)

$1,650,000

$413/sq ft

Public Records

Sep 10, 2021

Sold

$760,000

$190/sq ft

MRED as Distributed by MLS Grid #10166270

Jul 19, 2021

Sold (MLS) (Closed)

$760,000

$190/sq ft

Jul 14, 2021

Pending

—

Jun 3, 2021

Pending

—

Apr 14, 2021

Pending (Contingent)

—

Mar 4, 2020

Price Changed

$749,000

$187/sq ft

Feb 2, 2020

Price Changed

$799,000

$200/sq ft

Sep 3, 2019

Price Changed

$839,000

$210/sq ft

Aug 9, 2019

Price Changed

$849,000

$212/sq ft

May 7, 2019

Price Changed

$899,000

$225/sq ft

Apr 6, 2019

Price Changed

$949,000

$237/sq ft

Jan 15, 2019

Listed (New)

$999,000

$250/sq ft

This three-story vintage home, known as the Frank W. Read House, is located in East Lake Forest in a coveted, close to town location. It is located in the East Lake Forest Historic District, but it is not a Landmark Property. This hidden treasure is situated on almost an acre of beautiful property. This home features many original details with wood floors, beautiful staircase, high ceilings, built-ins, and sun porches to enjoy the lovely yard. The water heater was replaced in 2016. This home and garage will convey "as is." This is a special opportunity as there is exciting potential here. If you love to restore and update vintage homes, this is for you!

Year

Property tax

Land + Additions

Assessment*

2025

$20,411 (+0.3%)

$246,404 + $114,995

$361,399

2024

$20,345 (+5.7%)

$246,404 + $114,995

$361,399

2023

$19,239 (+11.5%)

$237,406 + $110,796

$348,202

2022

$17,255 (+7.0%)

$208,427 + $97,271

$305,698

2021

$16,125 (+2.3%)

$194,837 + $90,928

$285,765

2020

$15,767 (+5.3%)

$193,157 + $90,144

$283,301

2019

$14,977 (−36.1%)

$190,660 + $201,092

$391,752

2018

$23,420 (+29.6%)

$255,504 + $197,287

$452,791

2017

$18,071 (−0.8%)

$255,504 + $197,287

$452,791

2016

$18,220 (−4.8%)

$251,233 + $193,989

$445,222

2015

$19,146 (+0.4%)

$239,133 + $184,646

$423,779

2013

$19,070 (+7.6%)

$202,159 + $172,777

$374,936

2012

$17,725 (−8.6%)

$211,572 + $180,822

$392,394

2011

$19,399 (+29.6%)

$225,172 + $192,446

$417,618

2010

$14,965 (+7.0%)

$246,365 + $180,939

$427,304

2008

$13,991 (+6.1%)

$269,045 + $197,596

$466,641

2007

$13,186

$267,053 + $196,133

$463,186

Tax history for 496 E Illinois Rd

Year

Property tax

Land + Additions

Assessment*

2025

$20,411 (+0.3%)

$246,404 + $114,995

$361,399

2024

$20,345 (+5.7%)

$246,404 + $114,995

$361,399

2023

$19,239 (+11.5%)

$237,406 + $110,796

$348,202

2022

$17,255 (+7.0%)

$208,427 + $97,271

$305,698

2021

$16,125 (+2.3%)

$194,837 + $90,928

$285,765

2020

$15,767 (+5.3%)

$193,157 + $90,144

$283,301

2019

$14,977 (−36.1%)

$190,660 + $201,092

$391,752

2018

$23,420 (+29.6%)

$255,504 + $197,287

$452,791

2017

$18,071 (−0.8%)

$255,504 + $197,287

$452,791

2016

$18,220 (−4.8%)

$251,233 + $193,989

$445,222

2015

$19,146 (+0.4%)

$239,133 + $184,646

$423,779

2013

$19,070 (+7.6%)

$202,159 + $172,777

$374,936

2012

$17,725 (−8.6%)

$211,572 + $180,822

$392,394

2011

$19,399 (+29.6%)

$225,172 + $192,446

$417,618

2010

$14,965 (+7.0%)

$246,365 + $180,939

$427,304

2008

$13,991 (+6.1%)

$269,045 + $197,596

$466,641

2007

$13,186

$267,053 + $196,133

$463,186

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

—

Baths

3.5

Stories

2.25

Lot width

—

Lot depth

—

Lot size

0.81 Acres

Year renovated

1930

Sq. Ft.

3,228

Year built

1930

Style

Single Family Residential

County

Lake County

APN

12-33-404-026

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 23, 2026.

Property details

Parking

Parking Information
# Of Cars: 4
# of Garage Spaces: 4
Parking: Garage
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: Detached
Garage Details: Tandem
Driveway: Asphalt

Interior

Bathroom Information
# of Baths (Full): 5

Bedroom Information
# of Bedrooms: 4
# of Bedrooms Possible: 5
# of Bedrooms (Below Grade): 1

Room Information
Room Type: Breakfast Room
Level: Main
Dimensions: 13 x 13
Flooring: Hardwood

Room Information
Room Type: Tandem Room
Level: Second
Dimensions: 9 x 15
Flooring: Hardwood

Room Information
Room Type: Sitting Room
Level: Second
Dimensions: 9 x 19
Flooring: Hardwood

Room Information
Room Type: Sun Room
Level: Main
Dimensions: 10 x 15
Flooring: Hardwood

Room Information
Room Type: Office
Level: Main
Dimensions: 10 x 19
Flooring: Hardwood

Room Information
Room Type: Bedroom 5
Level: Basement
Dimensions: 12 x 17

Room Information
Room Type: Bedroom 2
Level: Second
Dimensions: 13 x 14
Flooring: Hardwood

Room Information
Room Type: Bedroom 3
Level: Second
Dimensions: 12 x 13
Flooring: Hardwood

Room Information
Room Type: Bedroom 4
Level: Third
Dimensions: 22 x 22
Flooring: Hardwood

Room Information
Room Type: Dining Room
Level: Main
Dimensions: 12 x 16
Flooring: Hardwood

Room Information
Room Type: Family Room
Level: Main
Dimensions: 23 x 19
Flooring: Hardwood

Room Information
Room Type: Kitchen
Level: Main
Dimensions: 12 x 17
Flooring: Hardwood

Room Information
Room Type: Laundry
Level: Basement
Dimensions: 11 x 9
Flooring: Vinyl

Room Information
Room Type: Living Room
Level: Main
Dimensions: 14 x 25
Flooring: Hardwood

Room Information
Room Type: Master Bedroom
Level: Second
Dimensions: 15 x 18
Flooring: Hardwood
Bath: Full

Additional Rooms Information
Breakfast Room, Tandem Room, Sitting Room, Sun Room, Office, Bedroom 5
Dining Room: Separate
Basement: Partial
Basement Description: Cellar

Interior Features
Interior Features: Hardwood Floors
# of Rooms: 13

Equipment
Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Stainless Steel Appliance(s), Range Hood, Gas Cooktop

Fireplace Information
# of Fireplaces: 1
Fireplace Location: Living Room
Fireplace Features: Wood Burning

Exterior

Building Information
Living Area Source: Estimated
Exterior Building Type: Stucco
Age: 91-100 Years
Built Before 1978 (Y/N): Yes
Roof: Asphalt, Rubber

Property Information
Property Type: Detached Single
Property Type: 3 Stories
Ownership: Fee Simple
Property Currently Being Leased: No
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2022
General Information: School Bus Service,Commuter Train,Historical District
Parcel Number: 12334040260000

Lot Information
Dimensions: 38469
Lot Size: .50-.99 Acre

Financial

Tax Information
Tax Annual Amount: $16,125.04
Tax Year: 2021
Tax Exemptions: Homeowner

Financial Information
Finance Code: Conventional
Special Service Area: N

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Heating & Cooling
Heating: Natural Gas, Forced Air
Cooling: Central Air

Location

Homeowners Association Information
Master Association Fee Frequency: Not Required

School Information
Elementary School District: 67
Elementary School: Sheridan Elementary School
Middle Or Junior School District: 67
Middle Or Junior School: Deer Path Middle School
High School District: 115
High School: Lake Forest High School

Location Information
Township: Shields
Corporate Limits: Lake Forest
Directions: Follow Illinois Road, East of town, to house

Public facts

Beds: —
Baths: 3.5
Sq. Ft.: 3,228
Stories: 2.25
Lot Size: 0.81 acres
Style: Single Family Residential
Year Built: 1930
Year Renovated: 1930
County: Lake County
APN: 12-33-404-026

Home facts updated by county records on Oct 23, 2026

Other

Listing Information
Holds Earnest Money: Yes
Possession: Closing

Around this home

Schools

K - 12
Preschool & daycare

Sheridan Elementary School

Public PreK-4 • Assigned • 2.3mi

10/10

Deer Path Middle School West

Public 7-8 • Assigned • 2.3mi

10/10

Lake Forest High School

Public 9-12 • Assigned • 1.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 97° expected this year, 14 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Lake Forest, IL • 60045

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.2 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.92M – $2.32M

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Home values near 496 E Illinois Rd

Data from public records.

Address	Redfin Estimate
472 East Illinois Rd, Lake Forest, IL 4 Beds \| 4 Baths \| 2907 Sq. Ft.	$1,999,515
533 East Illinois Rd, Lake Forest, IL - Beds \| 1 Baths \| 1456 Sq. Ft.	$689,052
494 East Illinois Rd, Lake Forest, IL 5 Beds \| 4.5 Baths \| 4406 Sq. Ft.	$2,120,153
493 East Illinois Rd, Lake Forest, IL 4 Beds \| 3.5 Baths \| 4170 Sq. Ft.	$2,085,847
517 East Illinois Rd, Lake Forest, IL - Beds \| 4.5 Baths \| 3360 Sq. Ft.	$1,269,592
460 Frost Pl, Lake Forest, IL 5 Beds \| 2.5 Baths \| 3123 Sq. Ft.	$1,278,756
597 Rosemary Rd, Lake Forest, IL 4 Beds \| 3 Baths \| 3404 Sq. Ft.	$1,374,389

Address	Redfin Estimate
481 East Illinois Rd, Lake Forest, IL 4 Beds \| 4 Baths \| 3976 Sq. Ft.	$2,151,173
524 East Illinois Rd, Lake Forest, IL 5 Beds \| 4.5 Baths \| 3500 Sq. Ft.	$1,818,503
483 East Illinois Rd, Lake Forest, IL - Beds \| 4.5 Baths \| 4235 Sq. Ft.	$1,931,181
489 East Illinois Rd, Lake Forest, IL 6 Beds \| 4.5 Baths \| 3630 Sq. Ft.	$1,894,694
509 East Illinois Rd, Lake Forest, IL - Beds \| 2 Baths \| 2771 Sq. Ft.	$1,181,218
263 Washington Cir, Lake Forest, IL - Beds \| 4.5 Baths \| 4518 Sq. Ft.	$1,320,119
525 Rosemary Rd, Lake Forest, IL 5 Beds \| 3.5 Baths \| 3424 Sq. Ft.	$1,541,298

Address	Redfin Estimate
525 East Illinois Rd, Lake Forest, IL 4 Beds \| 3.5 Baths \| 2792 Sq. Ft.	$1,481,056
500 East Illinois Rd, Lake Forest, IL - Beds \| 2.5 Baths \| 2356 Sq. Ft.	$1,054,212
499 East Illinois Rd, Lake Forest, IL 5 Beds \| 4 Baths \| 4846 Sq. Ft.	$1,815,453
535 East Illinois Rd, Lake Forest, IL 4 Beds \| 2.5 Baths \| 1684 Sq. Ft.	$972,387
231 Washington Cir, Lake Forest, IL - Beds \| 2.5 Baths \| 2552 Sq. Ft.	$1,252,532
567 Rosemary Rd, Lake Forest, IL 4 Beds \| 4 Baths \| 3343 Sq. Ft.	$1,828,896
497 Rosemary Rd, Lake Forest, IL 4 Beds \| 3.5 Baths \| 3853 Sq. Ft.	$2,643,162

Property information provided by MRED as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 60045, IL

Sale history for 496 E Illinois Rd

Tax history for 496 E Illinois Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60045

Home values near 496 E Illinois Rd

More real estate resources