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    Lake Forest, IL Residential Income Properties for Sale

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    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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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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    Mixed-Use Property with Retail Space
    Mixed-Use Property with Retail Space

    1726 Sheridan Road, North Chicago, IL 60064

    $259,000
    6,500 sqft

    Two storefronts accompany three leased apartments, including one retail space available for an owner-operator.

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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 Lot with Partial Lake View
    Land Lot with Partial Lake View

    312 Oak Street, Waukegan, IL 60085

    Contact for pricing
    0.16 AC lot

    Buildable lot with partial Lake Michigan views and updated surveyed dimensions near the lakefront and downtown.

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    Waukegan Wooded Residential Land
    Waukegan Wooded Residential Land

    1507 W York House Road, Waukegan, IL 60087

    $60,000
    1.11 AC lot

    1.114-acre wooded residential site ideal for builders.

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    Agricultural Land Along Mill Creek
    Agricultural Land Along Mill Creek

    17925 W Stearns School Road, Gurnee, IL 60031

    $725,000
    18.91 AC lot

    Agricultural acreage with Mill Creek crossing the parcel and residential homes bordering its southern portion.

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    Wadsworth Buildable Wooded Homesite
    Wadsworth Buildable Wooded Homesite

    13388 W Wadsworth Road, Wadsworth, IL 60083

    $200,000

    3+ acre wooded homesite in desirable Wadsworth area.

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    Lake Forest, IL Residential Income Properties Market Trends and Statistics

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

    Sale prices for residential income 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
    Multifamily properties 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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