171 W Westminster Avenue Lake Forest, IL ^$ 1,695,000

171 W Westminster Avenue

^$ 1,695,000

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171 W Westminster Avenue

Lake Forest, IL, 60045

^$ 1,695,000

Studio Baths0.0

Monthly Estimate*

^$ 10,702

171 W Westminster Avenue, Lake Forest, IL 60045 - Image 1

171 W Westminster Avenue, Lake Forest, IL 60045 - Image 2

171 W Westminster Avenue, Lake Forest, IL 60045 - Image 3

171 W Westminster Avenue, Lake Forest, IL 60045 - Image 4

Studio

Lots and Land for sale in Lake Forest, IL

for $1,695,000. The lot size is 1.38.

Exceptional Opportunity to Build Near Downtown Lake Forest. This is a rare chance to design your dream home in one of Lake Forest's most coveted locations with over 1.3 acres of stunning, private scenery. Whether you envision a traditional manor or sophisticated modern residence, this property provides the ideal canvas to create something truly special in an established luxury neighborhood. Enjoy a rare perfect blend of prestige and convenience, with the charm of downtown Lake Forest, dining, shopping, parks, and transportation all steps away.

Lots and Land Contingent

Price

^$ 1,695,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 22,935

Style

Lot Size

1.38

Town/City

Lake Forest

County/Region

Lake

MLS | Web ID

12742054

Features

General

Utilities Unknown (verify)

Possession Closing

Zoning SINGL

Township Shields

Tax Year 2025

Ownership Fee Simple

County Lake

Property Type Land Land

Contingency Attorney/Inspection

Status Contingent

Directions Green Bay Rd North of Deerpath West on W Westminster

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 22935

Middle/Junior High School Deer Path Middle School

Standard Status Active Under Contract

Middle/Junior School District 67

Elementary School District 67

Exterior

Total Parking 0

Lot Dimensions 304x197

Lot Size Acres 1.38

Road Surface Type Asphalt

Frontage Length 304

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Compass

Broker

gloriamatlin@gmail.com

Affordability Calculator

$12,614

Per Month

Monthly Principal & Interest: $10,702
Monthly Property Taxes: $1,911
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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.

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Nearby

Trends
Schools

Lots and land listings in Lake Forest, IL

Average List Price ^$973,800

Percent of Sale Price 43%

About Lake Forest, IL

19,888 Population

-2% Since 2002

^$164,533 Median Income

46.48 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

567642 Elementary School

567092 Middle School

Lake Forest High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/25/2026	$1,695,000		Listed Price

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171 W Westminster Avenue, Lake Forest, IL, 60045 is a Lots and Land for sale at $1,695,000 with a lot size of 1.38. 171 W Westminster Avenue is a studio with 0.0 baths. The property's zip code is 60045 which is in Lake Forest, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 8/30/2026.

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171 W Westminster Avenue

Lots and Land for sale in Lake Forest, IL

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