490 College Road Lake Forest, IL $ 1,960,000
490 College Road
$ 1,960,000
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490 College Road

Lake Forest, IL, 60045
$ 1,960,000
Bedrooms7 Baths5.1 Sq 4,919

Monthly Estimate*

$ 12,068

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Single Family Home for sale in Lake Forest, IL

for $1,960,000 with 7 bedrooms and 5 full baths, 1 half bath. This 4,919 square foot home was built in 1923 on a lot size of 1.11.

Ideally situated in coveted East Lake Forest, this gracious residence offers over 4,200 square feet of beautifully proportioned living space on a picturesque property just moments from Market Square, the train, parks, and the Gorton Community Center. Designed for both comfortable daily living and effortless entertaining, the home features six-plus bedrooms and five-and-a-half baths, providing exceptional flexibility for family, guests, and work-from-home needs. Generously scaled rooms, abundant natural light, and thoughtful flow create an inviting atmosphere throughout. The expansive primary suite serves as a private retreat, complete with dual dressing rooms and two separate bathrooms-an increasingly rare and sought-after luxury. Spacious secondary bedrooms offer comfort and privacy, while multiple gathering spaces accommodate every stage of life. Outside, mature landscaping and beautifully maintained grounds create a serene setting for outdoor entertaining, recreation, or quiet relaxation. The property's exceptional location allows for an easy stroll to downtown Lake Forest's shops, dining, and community amenities while preserving the privacy and tranquility of a distinguished residential setting. A rare opportunity to enjoy timeless elegance, generous scale, and an unparalleled East Lake Forest lifestyle at one of the community's most desirable addresses.

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Single Family Active

Price

$ 1,960,000

Bedrooms

7

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 23,939

Style

Lot Size

1.11

Year Built

1923

Town/City

Lake Forest

County/Region

Lake

MLS | Web ID

12668448

Features
General
Living Area 4919
Sewer Public Sewer Storm Sewer
Heating Natural Gas Steam
Cooling Central Air Partial Small Duct High Velocity
Possession Closing
Roof Shake
Appliances Range Dishwasher High End Refrigerator
Garage Spaces 2
Association Fee Includes None
Construction Materials Stucco
Year Built 1923
Electric 200+ Amp Service
Township Shields
Tax Year 2025
Ownership Fee Simple
Community Features Curbs Sidewalks Street Lights Street Paved
Assoc Fee Paid Per Not Applicable
County Lake
New Construction N
Property Type Residential Detached Single
Other Structures Outbuilding
Total Rooms 16
Full Baths 5
Status New
Directions Illinois Rd east to College east to #
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 23939.82
Middle/Junior High School Deer Path Middle School
Standard Status Active
Middle/Junior School District 67
Elementary School District 67
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Interior
Interior Amenities Walk-In Closet(s) Bookcases
Basement Partially Finished Full
Flooring Hardwood
Total Fireplaces 1
Half Baths 1
Laundry Features Upper Level
Total Bedrooms 7
Room Type Breakfast Room Bedroom 5 Bedroom 6 Bedroom 7 Office Screened Porch Foyer Recreation Room Nursery Sewing Room
Total Baths 6
Bedrooms Possible 7
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Exterior
Parking Features Asphalt Garage Door Opener Yes Garage Owned Detached Garage
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions 132X375
Lot Size Acres 1.11
Waterfront Y/N N
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* Excluded Features
List By
Compass

Broker

marina.carney@compass.com

Email

Affordability Calculator

$14,063
Per Month
86%
14%
0%
Monthly Principal & Interest
$12,068
Monthly Property Taxes
$1,995
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
567642 Elementary School
567092 Middle School
Lake Forest High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2026$1,960,000 Listed Price

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490 College Road, Lake Forest, IL, 60045 is a Single Family Home for sale at $1,960,000 with 4,919 sqft and a lot size of 1.11. 490 College Road has 7 bedrooms, 5.1 baths, and was built in 1923. The property's zip code is 60045 which is in Lake Forest, IL