494 E Illinois Rd, Lake Forest, IL 60045 Property Records

Lake County property record for 494 E Illinois Rd, Lake Forest, IL 60045

Property Summary

Property TypeSingle Family Home
Details5 bd · 3.5 ba · 3,766 sqft · built 1928
Lot Size0.509 acres (22,176 sqft)
Owner2 Individual Names on Record
Last Sale$1,490,000 (Mar 2022)
Tax Bill$30,644 (2024)
Deeds & MortgagesMar 2022 Sale & Mortgage
Mar 2021 Mortgage
Flood ZoneZone X (minimal risk)
APN12-33-404-004

Property Details

APN / Parcel Number

Primary APN12-33-404-004

Interior

Bedrooms5 Beds
Full Baths3.5 Baths
Half Baths1 Half Bath
Total Rooms10 Rooms
Stories2 Stories
Building Area3,766 sqft Living Area
Gross Area5,305 sqft
1st Floor Area1,919 sqft
Upper Floors Area1,847 sqft
AtticAttic
Attic Area1,539 sqft
Basement Area1,539 sqft
Fireplaces1 Fireplace
FireplaceFireplace

Exterior

Year BuiltBuilt 1928
Effective Year BuiltEffective 1934
Architectural StyleConventional
Exterior MaterialStucco
Construction TypeFrame
Lot Area22,176 sqft (0.509 acres)
Garage TypeDetached
Garage Area1,100 sqft
Parking Spaces1 Parking Space
PorchOpen Porch
Porch Area347 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemHot Water
Water SourceCommercial

Location & Zoning

Street Address494 E ILLINOIS RD
CityLAKE FOREST
StateIL
Zip60045-2363
Property CategoryResidential
Property TypeResidential > Single Family > Home
Legal DescriptionSUB OF LOT 244 LAKE FOREST; LOT 6
Legal SubdivisionLAKE FOREST
Legal Lot Number244,6
JurisdictionLAKE IL
Township / Civil DivisionSHIELDS
Census Block Group1
Census Block1009
Census Tract863400

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic DistrictWithin the Lake Forest Historic District
listed 1978 · 590 contributing resources · NRIS 78001161

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Lake County records, as of April 29, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record2 Individual Names on Record
Mailing Address494 E ILLINOIS RD, LAKE FOREST, IL 60045-2363
OccupancyOwner Occupied
Owner TypeIndividual
VestingTenants in Common

Deeds, Mortgages & Sale History

DateDocument
Mar 23, 2022Warranty Deed, Transfer · Conventional Mortgage
WELLS FARGO BANK NA
Mar 2, 2021Deed of Trust, Mortgage · Conventional Mortgage
WELLS FARGO BANK NA

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleMar 23, 2022 · Amount on Record
Deed SaleMar 23, 2022 · Amount on Record
Prior SaleJan 3, 2005 · Amount on Record
Deed Document Number20227888757
Record UpdatedOct 29, 2026

March 2022: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionLAKE IL
Recording DateMar 23, 2022
Property Address494 E ILLINOIS RD, LAKE FOREST, IL 60045-2363
Document Number0007888757
Map ReferenceDOC 113599
Instrument DateMar 4, 2022
Instrument7888757
Transaction TypeTransfer
Record UpdatedApr 7, 2022
Title CompanyATTORNEY'S TITLE, ATTORNEYS TTL GUARANTY FUND

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$1,490.00
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipTenants by the Entirety
Address494 E ILLINOIS RD, LAKE FOREST, IL 60045-2363

Mortgage

Document Number0007888758
DateMar 23, 2022
Instrument7888758
Lender
NameWELLS FARGO BANK NA
TypeBank
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term361 Months
DueApr 1, 2052
Interest
Rate TypeAdjustable Rate
Rate2.5%
Type Change DateApr 1, 2027
Change Frequency6 Months
Min Rate At Change2.75%
Max Rate At Change4.5%
IndexOther
Max Rate7.5%

March 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionLAKE IL
Property Address494 E ILLINOIS RD, LAKE FOREST, IL 60045-2363
Transaction TypeMortgage
Record UpdatedApr 15, 2021
Title CompanyE-CHICAGO TITLE, CHICAGO TITLE

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0007757054
DateMar 2, 2021
Instrument7757054
Lender
NameWELLS FARGO BANK NA
TypeBank
AddressSIOUX FALLS, SD 57104
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term358 Months
DueJan 1, 2051
Interest
Rate TypeAdjustable Rate
Rate2.75%
Type Change DateJan 1, 2031
Change FrequencyAnnually
Min Rate At Change2.25%
Max Rate At Change4.75%
Index1-Year LIBOR
Max Rate7.75%

Tax Assessment & Valuation

Source: Lake County assessment roll, as of April 29, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyLake County
County SubdivisionShields Township
MunicipalityLake Forest City
Elementary School DistrictLake Forest School District 67 (PK - 08)
Secondary School DistrictLake Forest Community High School District 115 (09 - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$531,866 (+18.22%) Land $192,256 Building $339,610$1,595,758 (+18.22%) Land $576,826 Building $1,018,932
2024$30,644.00 (+20.68%)
2023$25,393.00 (+2.85%)$449,893 (+6.98%) Land $162,625 Building $287,268$1,349,814 (+6.98%) Land $487,924 Building $861,890
2022$24,689.00$420,558 Land $152,021 Building $268,537$1,261,801 Land $456,109 Building $805,692

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 20, 2024

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 99.1% of the US · lower than 94% of Illinois
Wildfire LikelihoodUnder 0.01% annual chance
ExposureNone
beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemLAKE FOREST
serves 19,642 people · EPA ID IL0970800
Water SourceSurface water
Last State InspectionOct 2025
Lead21 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting1
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 200 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
T-Mobile
Fixed Wireless
100 / 20
AT&T
Fixed Wireless · DSL · Fiber in parts of the area
100 / 20

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