723 Cherry Ave, Lake Forest, IL 60045
Property image
Property image
OFF MARKET

$499,500

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 898 sqft

723 Cherry Ave, Lake Forest, IL 60045

Est. Refi. Payment $3,736/mo*
Refinance Your Home
Currently Off Market - Sold Jan 14, 2022 for $375,000

Home Value

Trulia Estimate
$500K
Since last month
Decreased$4K (-0.8%)
Since last year
Increased$16K (+3.4%)
Since last sale
Increased$126K (+33.6%)
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 +56% in the last 10 years
MonthEstimated value
2026
August 2026$501K
July 2026$505K
June 2026$516K
May 2026$513K
April 2026$497K
March 2026$495K
February 2026$482K
January 2026$473K
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
40 Washington Cir, Lake Forest, IL
0.21
Single-Family Home
$600,000
03/27/26
3
2
1,284
33 S June Ter, Lake Forest, IL
0.25
Single-Family Home
$650,000
05/12/26
3
2
1,089
558 Ivy Ct, Lake Forest, IL
0.21
Single-Family Home
$417,000
10/30/25
3
2
1,600
771 Green Briar Ln, Lake Forest, IL
0.12
Single-Family Home
$722,450
11/26/25
3
2
1,684
689 E Illinois Rd, Lake Forest, IL
0.19
Single-Family Home
$600,000
03/16/26
4
2
1,623
674 Highview Ter, Lake Forest, IL
0.27
Single-Family Home
$886,000
06/05/26
3
2
554
783 Green Briar Ln, Lake Forest, IL
0.13
Single-Family Home
$760,000
04/17/26
4
2
2,025
19 N June Ter, Lake Forest, IL
0.23
Single-Family Home
$803,000
06/11/26
4
2
1,962
46 Washington Cir, Lake Forest, IL
0.22
Single-Family Home
$900,000
06/05/26
3
2.5
2,375
661 Greenview Pl, Lake Forest, IL
0.18
Single-Family Home
$1,265,000
05/29/26
3
2.5
2,779

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
693 Woodlawn Ave, Lake Forest, IL 60045
0.07
$598,200
4
1.5
1,700
Off Market
685 Woodlawn Ave, Lake Forest, IL 60045
0.08
$468,000
2
1.5
797
Off Market
680 Green Briar Ln, Lake Forest, IL 60045
0.07
$782,600
3
2
1,601
Off Market
63 N Washington Rd, Lake Forest, IL 60045
0.09
$1,110,100
4
2.5
2,268
Off Market
670 Green Briar Ln, Lake Forest, IL 60045
0.08
$1,061,100
4
2.5
2,147
Off Market
80 N Washington Rd, Lake Forest, IL 60045
0.11
-
-
-
-
Off Market
96 Washington Rd, Lake Forest, IL 60045
0.12
$846,000
4
3
1,924
Off Market
104 Washington Rd, Lake Forest, IL 60045
0.12
$613,600
4
2
2,286
Off Market
620 E Ryan Pl, Lake Forest, IL 60045
0.13
$945,500
3
2.5
1,838
Off Market
40 Washington Rd, Lake Forest, IL 60045
0.13
$856,800
3
4
1,730
Off Market
15 Winston Rd, Lake Forest, IL 60045
0.10
$898,500
4
2
-
Off Market
15 S Winston Rd, Lake Forest, IL 60045
0.10
$876,000
4
2
1,815
Off Market

Local Information

  • Map ViewExplore the area around 723 Cherry Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1893
Living Area
898 sqft
Price/Sqft
$556
Parking
Garage

About this House

Cozy house 2+2 in quiet street. Large patio and one car garage.
Walk to town, beach ,park, schools.
Immediate occupancy.
773 7201305

open to any kind
723 Cherry Ave, Lake Forest, IL 60045 is a 2 bedroom, 2 bathroom, 898 sqft single-family home built in 1893. It last sold for $375,000 on Jan 14, 2022. More recently, it was listed as a rental in November 2018 with an asking price of $1,800 per month. That rental listing was removed on March 24, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $499,500, with a rent estimate of $2,980/month.

Home Details for 723 Cherry Ave

Interior Features

Interior Details
BasementAdditional StorageNumber of Rooms: 4Types of Rooms: Master BathStorage
Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Shake ShingleLawn
Parking & Garage
GarageParking Space: 1Parking: Garage Attached, Off Street

Property Information

Year Built
Year Built: 1893Year Updated: 1893
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 6917 sqft

Price and Tax history

DateEventPrice
Jan 14, 2022
Source: MRED as distributed by MLS GRID #11273992
Sold
$375,000
Dec 29, 2021
Source: MRED as distributed by MLS GRID #11273992
Pending
$428,000
Nov 30, 2021
Source: MRED as distributed by MLS GRID #11273992
Contingent
$428,000
Nov 19, 2021
Source: MRED as distributed by MLS GRID #11273992
Listed For Sale
$428,000
Mar 24, 2021
Source: N/A
ListingRemoved

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 723 Cherry Ave

  • What is 723 Cherry Ave estimated to be worth?
    Trulia's estimated value for 723 Cherry Ave in Lake Forest, IL is $499,500.
  • What is the price history for 723 Cherry Ave?
    723 Cherry Ave in Lake Forest, IL last sold for $375,000 in January 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 723 Cherry Ave have laundry facilities?
    Yes, 723 Cherry Ave in Lake Forest, IL has in-unit laundry.
  • How big is the lot at 723 Cherry Ave?
    The lot at 723 Cherry Ave in Lake Forest, IL is about 0.16 acres (6,917 sq ft).

Explore by feature - Pet Friendly

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Off Market Homes Near 723 Cherry Ave

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