494 E Illinois Rd, Lake Forest, IL 60045
OFF MARKET

$2,109,800

Trulia Estimate
  • Studio
  • 4 Baths
  • 3,766 sqft (on 0.51 acres)

494 E Illinois Rd, Lake Forest, IL 60045

Est. Refi. Payment $15,448/mo*
Refinance Your Home
Currently Off Market - Sold Mar 15, 2022 for $1,490,000

Home Value

Trulia Estimate
$2.11M
Since last month
$200 (0%)
Since last year
Increased$209K (+11%)
Since last sale
Increased$613K (+41.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +70% in the last 10 years
MonthEstimated value
2026
August 2026$2.1M
July 2026$2.1M
June 2026$2.08M
May 2026$2.04M
April 2026$2.03M
March 2026$1.98M
February 2026$1.9M
January 2026$1.86M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
550 Rosemary Rd, Lake Forest, IL
0.09
Single-Family Home
$2,062,500
09/24/25
6
5.5
4,920
177 Washington Rd, Lake Forest, IL
0.27
Single-Family Home
$1,400,000
08/21/26
5
3.5
3,293
421 Heather Ln, Lake Forest, IL
0.15
Single-Family Home
$1,319,000
08/24/26
3
3.5
2,276
375 Washington Rd, Lake Forest, IL
0.18
Single-Family Home
$2,475,000
04/20/26
6
4.5
4,036
274 Vine Ave, Lake Forest, IL
0.35
Single-Family Home
$1,500,000
06/29/26
5
3
3,073
207 N Green Bay Rd, Lake Forest, IL
0.23
Single-Family Home
$1,650,000
05/04/26
5
4.5
5,032
383 Washington Rd, Lake Forest, IL
0.19
Single-Family Home
$1,275,000
10/31/25
3
2.5
2,704
198 Wildwood Rd, Lake Forest, IL
0.15
Single-Family Home
$910,000
07/29/26
4
2.5
1,956
24 Washington Cir, Lake Forest, IL
0.39
Single-Family Home
$1,509,755
12/17/25
4
3.5
3,050
399 E Deerpath, Lake Forest, IL
0.42
Single-Family Home
$1,025,000
03/06/26
5
3.5
4,008

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
511 Rosemary Rd, Lake Forest, IL 60045
0.03
$2,980,700
4
5.5
5,466
Off Market
479 E Illinois Rd, Lake Forest, IL 60045
0.06
$542,500
-
-
-
Recently Sold
567 Rosemary Rd, Lake Forest, IL 60045
0.07
$1,865,000
4
4
3,343
Off Market
220 Wildwood Rd, Lake Forest, IL 60045
0.13
$642,200
3
1
1,228
Off Market
550 Rosemary Rd, Lake Forest, IL 60045
0.09
$2,189,600
6
5.5
4,920
Off Market
198 Wildwood Rd, Lake Forest, IL 60045
0.15
$910,000
4
2.5
1,956
Recently Sold
200 N Washington Cir, Lake Forest, IL 60045
0.17
$1,224,000
5
3.5
3,272
Off Market
601 E Rosemary Rd, Lake Forest, IL 60045
0.11
$2,029,000
5
4.5
3,588
Off Market
421 Heather Ln, Lake Forest, IL 60045
0.15
$1,319,000
3
3.5
2,276
Recently Sold
336 N Western Ave, Lake Forest, IL 60045
0.19
$1,505,400
4
3.5
2,599
Off Market
156 N Washington Cir, Lake Forest, IL 60045
0.21
$837,000
4
2.5
2,090
Off Market
400 Washington Rd, Lake Forest, IL 60045
0.15
$3,995,000
6
7
8,991
For Sale

Local Information

  • Map ViewExplore the area around 494 E Illinois Rd.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1928
Lot Size
0.51 acres
Living Area
3,766 sqft
Price/Sqft
$560
Parking
Garage

About this House

This single-family home is located at 494 E Illinois Rd, Lake Forest, IL. 494 E Illinois Rd is in Lake Forest, IL and in ZIP code 60045. This property has 4 bathrooms and approximately 3,766 sqft of floor space. This property has a lot size of 0.51 acres and was built in 1928.
494 E Illinois Rd, Lake Forest, IL 60045 is a studio, 4 bathroom, 3,766 sqft single-family home built in 1928. It last sold for $1,490,000 on Mar 15, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $2,109,800, with a rent estimate of $5,604/month.

Home Details for 494 E Illinois Rd

Interior Features

Interior Details
BasementAttic
Levels, Entrance, & Accessibility
Stories: 2
Heating & Cooling
Cooling System: Central
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1928Year Updated: 1934
Property Type / Style
Property Type: Single Family Home

Exterior Features

Parking & Garage
GarageParking Space: 1Parking: Garage Detached

Community

Units in Building: 1

Lot Information

Lot Area: 0.51 acres

Price and Tax history

DateEventPrice
Mar 15, 2022
Source: MRED as distributed by MLS GRID #11274984
Sold
$1,490,000
Jan 3, 2005
Source: N/A
Sold
$1,407,500
May 22, 1996
Source: N/A
Sold
$755,000

Market trends in Lake Forest

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
85
18MoM

Around this home

What Locals Say about Lake Forest

At least 107 Trulia users voted on each feature.

  • 93 % Say it's dog friendly

  • 91 % Say parking is easy

  • 86 % Say car is needed

  • 84 % Say it's quiet

  • 83 % Say there's holiday spirit

  • 82 % Say people would walk alone at night

  • 81 % Say yards are well-kept

  • 79 % Say there are sidewalks

  • 78 % Say there's wildlife

  • 72 % Say kids play outside

  • 65 % Say they plan to stay for at least 5 years

  • 64 % Say neighbors are friendly

  • 57 % Say streets are well-lit

  • 54 % Say there are community events

  • 50 % Say it's walkable to restaurants

  • 50 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Clay Cannady
    "It is a wonderfully beautiful and safe place to raise kids. The schools are outstanding, the sense of community extraordinary and the access to nature and open specials unique."
    0
    Flag
  • Maribelgarcia1115
    "This neighborhood is absolutely beautiful. My neighbors are responsible for picking up after they walk their dogs. They are very conscious about it."
    0
    Flag
  • Cathtob
    "Lots of other dog owners and free poop bags provided in the parks. Plus, Openlands allows dogs off leash "
    0
    Flag
  • Clay Cannady
    "Dog owners are in the majority, they are generally respectful and the dogs are most welcome. There are few if any incidents, owners take responsibility, and outdoor access plays an important part."
    0
    Flag
  • Trulia User
    "Lots of dogs live here and everyone picks up after their animals and it’s very well kept. Great place!"
    1
    Flag
  • Pamgem62
    "Dog walkers are frequently on Green Bay but people without dogs are wary. Not everyone says “Hello” but feel safe on road. "
    0
    Flag
  • Ekmillerlaw
    "I’ve been in Lake Forest for over 30 years. Wonderful community, my kids got great educations, safe and beautifully cared for."
    0
    Flag
  • Bbalais
    "I’ve lived in this neighborhood for a year and it’s been great. Close to the Metra so it’s easy to get downtown. The people are friendly and it’s a cute little town. I love the beach, the parks and the bike trail."
    4
    Flag
  • Jimmy
    "Its a really clean neighborhood. It’s a nice safe neighborhood to walk around but it’s so expensive to live there."
    3
    Flag
  • Jk
    "My neighborhood in Lake Forest is very friendly, very quiet, lots of trees and grass and other green spaces."
    2
    Flag
  • Steve M. .
    "I’ve list in the neighborhood 26 years and walked the dogs every day, met many friendly people . The trees and landscaping in the area are beautiful "
    1
    Flag
  • Catherinemary924
    "Lake Forest is a dream town to live in. The schools and activities are excellent. The only downside is that one must have a lot of money to buy a home here, and children can be overly indulged. The town is beautiful and safe, but it does not have much diversity. Education and sports are top priorities."
    9
    Flag
  • Catherinemary924
    "Tree lighting in Market Square, Lake Forest Day, parade, flags line street for every holiday, music in the square, Bonfire and Bagpipes, many others."
    1
    Flag
  • Lydia C.
    "Lake Forest has open access to nature including the beach at Lake Michigan and Open Lands as well as Maureen trees."
    0
    Flag
  • Lakeforestmama
    "4th of July celebration, annual Christmas tree / downtown holiday lighting, beautiful lake front, quaint downtown and independent shops"
    0
    Flag
  • Steve M.
    "Everyone talks to the dog walkers. This help create a real neighborhood. Plus it’s good exercise for both the dog and the owner "
    0
    Flag
  • Steve M.
    "This is the most dog friendly neighborhood in our town. Neighbors stop and talk to us whenever we walk our dog "
    0
    Flag
  • Steve M.
    "20 makes minute drive to the small town where I have a store, a pleasant drive with winding streets , forests of trees and historic architecture "
    0
    Flag
  • Zma453
    "Not too many from outside the neighborhood come into the town. Retail surrounds the area keeping traffic out. "
    1
    Flag
  • Sogilmore
    "Lake front park, large lots, old growth tree lines streets , clean bucolic neighborhood, great schools "
    0
    Flag
  • Lydia C.
    "The abundance of beautiful trees and the close proximity to Lake Michigan make Lake Forest a special place to call home."
    1
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 494 E Illinois Rd

  • What is 494 E Illinois Rd estimated to be worth?
    Trulia's estimated value for 494 E Illinois Rd in Lake Forest, IL is $2,109,800.
  • What is the price history for 494 E Illinois Rd?
    494 E Illinois Rd in Lake Forest, IL last sold for $1,490,000 in March 2022.
  • Is Lake Forest a buyer's or seller's market?
    Lake Forest is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Lake Forest?
    Residents describe Lake Forest, IL as dog-friendly, easy to park in, and quiet. Most residents say you need a car. See recently sold homes in Lake Forest, IL.
  • Does 494 E Illinois Rd have air conditioning?
    Yes, 494 E Illinois Rd in Lake Forest, IL has air conditioning.
  • How big is the lot at 494 E Illinois Rd?
    The lot at 494 E Illinois Rd in Lake Forest, IL is about 0.51 acres (22,172 sq ft).

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Off Market Homes Near 494 E Illinois Rd

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