331 Granby Road
Lake Forest, IL, 60045 $ 799,000
Bedrooms3 Baths2.0 Sq 1,245 Monthly Estimate*
$ 4,985
for $799,000 with 3 bedrooms and 2 full baths. This 1,245 square foot home was built in 1925 on a lot size of 0.05.
Transformed Storybook Cottage One Block From Downtown Lake Forest. Just moments from the train, shopping, dining, and the beach. Tucked along a quiet enclave in East Lake Forest, this extensively renovated 1925 gabled cottage offers the best of in-town living just down the street. Storybook charm gives the home instant curb appeal while bright, sunny interiors blend vintage character with modern updates-the result of the current owner's meticulous stewardship. Tall ceilings, arched doorways, traditional millwork, and newly lightened original hardwood floors give the main level a timeless quality. The living and dining areas can function as a flexible, open-flow space, equally suited to everyday living and casual entertaining. The kitchen has been completely reimagined with modern appointments, including a Sub-Zero refrigerator, Samsung appliances, a farmhouse sink, updated cabinetry, a breakfast bar, and a well-organized pantry. Just beyond, a rear mudroom offers practical access to the fenced backyard. The first-floor bedroom, with abundant natural light, has easy access to a renovated full bath and direct access to the second floor. Upstairs, the architecture shifts into a cozier scale-a pair of tandem rooms with pitched ceilings ideal for bedrooms, a playroom, or a cozy creative retreat. The fully finished lower level expands the home's footprint. Featuring painted exposed ceilings, luxury vinyl flooring, and thoughtful zoning to accommodate multiple functions, it includes a large recreation area, an office or bonus room, an added full bath, a new laundry room, and generous closeted storage. A rare walkout feature connects directly to the backyard with a storage room beyond. Outside, the property has been transformed with new landscaping, a paver patio, new fencing, and cozy front porch. Behind the scenes, major mechanical upgrades-new copper water service and lines, new electrical, a new furnace and boiler, new HVAC units, a new hot water heater-bring peace of mind to a home with nearly a century of character. Every space reflects the care of a thoughtful renovation that honors the charm of a 1920s cottage while elevating the way the home lives today. If you're seeking in-town proximity, vintage style, and move-in ready spaces in the heart of Lake Forest, this home checks all of the boxes.
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FeaturesGeneralLiving Area 1245
Sewer Storm Sewer
Heating Radiator(s) Sep Heating Systems - 2+
Cooling Wall Unit(s)
Possession Closing
Appliances Range Microwave Dishwasher High End Refrigerator Stainless Steel Appliance(s)
Association Fee Includes None
Construction Materials Other
Year Built 1925
Township Shields
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Lake
New Construction N
Property Type Residential Detached Single
Total Rooms 9
Full Baths 2
Status Active
Directions Green Bay Rd to E Deerpath Rd east to N McKinley Rd north to Granby Rd east to property
High School Lake Forest High School
City Lake Forest
High School District 115
MLS Area Lake Forest
Elementary School Sheridan Elementary School
Tax Annual Amount 5638.44
Middle/Junior High School Deer Path Middle School
Standard Status Active
Middle/Junior School District 67
Elementary School District 67
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InteriorBasement Finished Full
Half Baths 0
Total Bedrooms 3
Room Type Den Office Recreation Room Mud Room Storage Screened Porch
Total Baths 2
Bedrooms Possible 3
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ExteriorParking Features Asphalt Driveway Yes Owned
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 39X93X29X68
Lot Size Acres 0.05
Waterfront Y/N N
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
Annie@DawnMcKennaGroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,985
- Monthly Property Taxes
- $470
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lake Forest, IL
Average List Price $2,580,333
Percent of Sale Price 223%
About Lake Forest, IL 19,888 Population
-2% Since 2002
$ 164,533 Median Income
46.48 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
567642 Elementary School
567092 Middle School
Lake Forest High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/16/2025 | $799,000 | | Listed Price |