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.
Multi-familyProperty Type
1910Year Built
4,600 sq ftLot Size
Listed by Flor Hasselbring• Compass
Listed by Tracy Hasselbring• Compass
Bought with Donald Glyman• Tri-County Comm'l R.E., Inc.
*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
Zoning
Permits
Beds
—
Baths
4
Stories
1.5
Lot width
—
Lot depth
—
Lot size
5,223 Sq. Ft.
Year renovated
1910
Sq. Ft.
2,094
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Lake County
APN
12-33-108-002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 23, 2026.
GR1
General Residence District
The GR-1 District is a moderate density multiple-family residence district to be used primarily for the purpose of creating transitional residence areas between the business and commercial uses of the Central Business District and the surrounding single-family and lower density multiple-family residence areas; and providing a zoning and land use alternative for areas of the community presently zoned for office, business or service use but which in the interests of the general community and sound community planning would more desirably and appropriately be developed for residence purposes.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Housing-Single unit
Housing-Multiple units
Park & open space
Apr 27, 2026 • Final
Building
Bathroom
Kitchen
Plumbing
Remodel
Apr 15, 2026 • Final
Electrical
Perform an interior remodel.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.