Residential

Lake Forest, IL Residential Land & Home Lots for Sale

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Lake Bluff, IL Highwood, IL Libertyville, IL North Chicago, IL Bannockburn, IL Highland Park, IL Lincolnshire, IL Green Oaks, IL
Land
Updated: Jul 16
Land

615 Whitehall Ln, Lake Forest, IL 60045

$949,000
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Residential Development Lot
Updated: Nov 4, 2025
Residential Development Lot

479 Illinois Rd, Lake Forest, IL 60045

$600,000
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Lakefront-View Residential Building Lot
Lakefront-View Residential Building Lot

755 Tamarack Trail, Lake Forest, IL 60045

$550,000

Build your custom home on one of nine lots within a newly formed cul-de-sac subdivision with open-lands views.

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Lake Forest Home Site Opportunity
Lake Forest Home Site Opportunity

765 West Tamarack Trail, Lake Forest, IL 60045

$595,000

Residential land for custom home with open land views.

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Wooded Residential Development Lots
Wooded Residential Development Lots

Lot 24 Wedgewood Drive, Lake Forest, IL 60045

$485,000

Two adjacent lots in an established subdivision offer utilities to the site and south-facing backyards.

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Subdividable Estate Land Parcel
Subdividable Estate Land Parcel

2805 Telegraph Road, Bannockburn, IL 60015

Contact for pricing
20.00 AC lot

Large residential land parcel offered as 20 acres with subdivision potential into five estate-sized lots.

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Residential Development Land Parcel
Residential Development Land Parcel

1805 Meadow Ln, Bannockburn, IL 60015

Contact for pricing
1.00 AC lot

Nearly one-acre residential land parcel in Bannockburn with village lot-coverage and FAR parameters listed.

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Mature Wooded Residential Lot
Mature Wooded Residential Lot

188 Melvin Drive, Lake Bluff, IL 60044

$199,000
1.00 AC lot

A private, mature wooded 1-acre lot on a dead-end road, available for custom home development.

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Residential Building Lot
Residential Building Lot

193 Melvin Dr, Lake Bluff, IL 60044

$75,000

For sale residential land parcel located at 193 Melvin Dr in Lake Bluff, IL.

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Lake Forest, IL Residential Land & Home Lots Market Trends and Statistics

Explore 5 residential land & home lots for sale in Lake Forest, IL, showcased through 5 active listings on our real estate platform.

Sale prices for home sites in Lake Forest, IL start at $485,000, averaging $635,800, and reaching up to $949,000 — 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

Residential land & home lots 6
Commercial land 1

Demographics Overview

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

High-Yield Neighborhoods for Investment

Identify Lake Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
60045 $399K

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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