Sold525d on market
1300 N Waukegan Rd
Lake Forest, IL, 60045 • 60045 • Lake County
$5,125,000
28 acLot
Market activity
Demand and pricing signals for this listing
19 views
People checking out this listing
525 days on market
Established listing
About this home
Lot
Incredible opportunity to own 28 contiguous acres in Lake Forest, Illinois, just 30 miles north of Chicago and 55 miles south of Milwaukee. Lake Forest is a North Shore community with outstanding schools, hospital, beach, restaurants, and historic central business district Market Square. Conveniently located just west of Waukegan Road down a private drive, this magnificent property has been passed down through generations, and is now available for sale. It is an extremely private Lake Forest estate setting. The verdant land is mostly flat with some gentle grade variations. It has exceptional mature oaks, significant woods, and open prairies. Two pin numbers are being sold together in this offering: one has 19.51 acres, and the other is an 8.45 acre parcel. In total, it is a uniquely large 27.96-acre rectangular parcel. The existing home will likely be considered a tear down. The pole barn (72' x 35') was built in the early 1980's. Municipal water is to the site while municipal sewer hook-up is available at the northwest corner. This is an "AS IS" offering. Research for development potential is strictly buyer's responsibility. Listing broker MUST be present to walk property.
Standout features identified
Our analysis highlights significant woods, exceptional mature oaks, and open prairies as key attractions of this home.
Estimated monthly payment
Based on current rates
$32,581/month
Principal & Interest$25,748
Property Tax$5,125
Insurance$1,708
Down payment20% ($1,025,000)
3%50%
Est. 6.44% rate · 30yr fixed · $4,100,000 loan
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Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land, Farm
Systems
Water / SewerMunicipal Water
Parking & Outdoor
Lot28 Acres
Location & Tax
Neighborhood60045
ZoningOTHER
Annual tax$41,304
Parcel1230101004
Features & details
1 category of property features
Exterior Features
Utilities
Natural Gas Available
Sewer Nearby
Listing insights
Market data and value estimates
StatusSold
Days on market525
Est. value$2,755,500
Est. rent$5,567/mo
Tax rate2.60%
On marketSep 18, 2024
PostedSep 18, 2024
Last sold$5,125,000
MLS statusClosed
MLS updatedNov 1, 2024
Tour days6
Views19
How are the schools in Lake Forest?
3 schools rated nearby
Location
Lake Forest, IL, 60045
Price history
7 events
DateEventPrice$/sqftSource
Oct 31, 2024Sold$5,125,000—MRED as distributed by MLS GRID
Oct 31, 2024Pending Sale$5,250,000—MRED as distributed by MLS GRID
Oct 23, 2024Contingent$5,250,000—MRED as distributed by MLS GRID
Oct 23, 2024Pending Sale$5,250,000—MRED as distributed by MLS GRID
Sep 20, 2024Contingent$5,250,000—MRED as distributed by MLS GRID
Sep 18, 2024Listed For Sale$5,250,000—MRED as distributed by MLS GRID
Jul 8, 2009Sold$1,475,000—MRED as distributed by MLS GRID
Sold$5,125,000
Oct 31, 2024•MRED as distributed by MLS GRID
Pending Sale$5,250,000
Oct 31, 2024•MRED as distributed by MLS GRID
Contingent$5,250,000
Oct 23, 2024•MRED as distributed by MLS GRID
Pending Sale$5,250,000
Oct 23, 2024•MRED as distributed by MLS GRID
Contingent$5,250,000
Sep 20, 2024•MRED as distributed by MLS GRID
Listed For Sale$5,250,000
Sep 18, 2024•MRED as distributed by MLS GRID
Sold$1,475,000
Jul 8, 2009•MRED as distributed by MLS GRID
Tax history
22 years of records
YearTax paidAssessed value
Apr 10, 2023$16,854$264,000
Apr 10, 2022$18,380$289,971
Apr 10, 2021$17,861$322,846
Apr 10, 2020$17,735$321,831
Apr 10, 2019$16,891$315,923
Apr 10, 2018$19,002$385,822
Apr 10, 2017$19,002$379,373
Apr 10, 2016$17,897$361,101
Apr 10, 2015$17,150$340,020
Apr 10, 2014$16,959$320,926
Apr 10, 2012$16,634$323,709
Apr 10, 2011$16,181$357,459
Apr 10, 2010$16,767$463,186
Apr 10, 2009$19,498$505,828
Apr 10, 2008$19,157$515,940
Apr 10, 2006$14,709$502,083
Apr 10, 2005$14,371—
Apr 10, 2004$13,806—
Apr 10, 2003$13,021—
Apr 10, 2002$13,194—
Apr 10, 2001$12,621$283,092
Apr 10, 2000$12,045$268,084
Nearby homes
Neighborhood details
Local context around this listing
Lake Forest, IL • Lake County
Nearby cities
AntiochBuffalo GroveGurneeHighland ParkLibertyvilleMundeleinRound Lake BeachVernon Hills
Nearby zip codes
6003760045
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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
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