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    1241 Ash Lawn Dr Lake Forest, IL 60045

    Sponsored
    For Sale
    Under Contract
    $475,000

    Land - Lake Forest, IL

    Lot size:
    1.07 Acres
    Days on Market:
    166
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 1241 Ash Lawn Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    SINGL
    APN
    12311030110000
    Lot size
    1.07 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Compass Real Estate

    Listing agent David Greene (773) 466-7150 License #471009749

    Listing date Jul 24, 2025

    MLS# 12403824 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Land in Meadowood Park

    This vacant parcel, approximately 1.1 acres, is the last remaining one available for purchase in the historic Meadowood Park Subdivision. This exclusive 10-lot subdivision is conveniently located in central Lake Forest, providing easy access to amenities. The neighborhood is anchored by "Rookwoods," a historical home designed by Pond & Pond. Suited for the construction of a home in approximately 4,500 square feet, the lot features a conservation easement protecting and enhancing its southern border. An aerated pond on the front of the lot offers tranquil views. The property also provides convenient access to Lake Forest Open Lands's Mellody and Middlefork Farm Nature Preserves, with views of the 100+ acre tallgrass savanna. Everett Elementary School is highly rated, and Lake Forest High School has a nationally-known reputation for academic excellence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Clothing Store Gym & Fitness Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.8767201
    Latitude
    42.2511513

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    FAQs

    What type of property is this?
    Land - 1.1 acre vacant parcel in exclusive Lake Forest subdivision.
    Where is this land located?
    The property is located at 1241 Ash Lawn Dr Lake Forest, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Vacant 1.1-acre parcel in exclusive, historic Meadowood Park Subdivision.; - Convenient central Lake Forest location with easy access to amenities.; - Southern border protected by a conservation easement.
    (847) 220-2666
    Request Owner's contact information
    1241 Ash Lawn Dr Lake Forest, IL 60045
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    Lake Forest, IL 60045
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1241 Ash Lawn Dr Lake Forest, IL 60045
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