Multifamily

Lake Forest, IL Multifamily Properties for Sale

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Lake Bluff, IL Highland Park, IL Green Oaks, IL Highwood, IL Libertyville, IL North Chicago, IL Mettawa, IL Bannockburn, IL
Newly Built Apartment Building
Updated: Jun 2
Newly Built Apartment Building

1401 N Western Ave, Lake Forest, IL 60045

$6,900,000
2024‑built apartment building in Lake Forest, IL
Fully occupied multifamily asset
Large units with patios and open floor plans
Bertazzoni appliances, in‑unit laundry, and modern finishes
Two outdoor parking spaces per unit
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Brick Side-by-Side Duplex
Brick Side-by-Side Duplex

2406 Pearsall Parkway, Waukegan, IL 60085

$399,000
0.26 AC lot

Two ranch-style residences offer private fenced yards, finished basements, central air, and separate utility responsibility.

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Two-Unit Frame Duplex
Two-Unit Frame Duplex

706 BROADWAY Avenue, North Chicago, IL 60064

$246,900
0.07 AC lot

Each dwelling includes three bedrooms, a full bathroom, an eat-in kitchen, and a formal living room.

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Four-Unit Quadplex with Rental Income
Four-Unit Quadplex with Rental Income

1801 Glenn Dr, North Chicago, IL 60064

$161,000

North Chicago multifamily property with two leased units and additional space requiring resolution of cited occupancy issues.

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Mixed-Use Brick Building
Mixed-Use Brick Building

818 10th Street, Waukegan, IL 60085

$449,900
0.16 AC lot

Two-level property combines a Mexican restaurant with two upstairs apartments and additional commercial space.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL
Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing
0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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Lake Forest, IL Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Lake Forest, IL on our real estate platform.

Sale prices for multifamily properties in Lake Forest, IL average $6,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 1

Demographics Overview

Population 21K
Population Growth (5Y) -0.8%
Median Household Income $225,551

Taxes & Financing

Tax Rate (average for all types) 6.70%
Property Tax per SF $18.26 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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