555 Cherokee Rd, Lake Forest, IL 60045 Property Records

Lake County property record for 555 Cherokee Rd, Lake Forest, IL 60045

Property Summary

Property Type	Single Family Home
Details	3 bd · 2.5 ba · 2,701 sqft · built 1965
Lot Size	0.505 acres (22,002 sqft)
Owner	2 Individual Names on File
Last Sale	$500,000 (Aug 2012)
Tax Bill	$13,825 (2024)
Deeds & Mortgages	Jul 2020 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`16-04-411-001`

Property Details

APN / Parcel Number

Primary APN	`16-04-411-001`

Interior

Bedrooms	3 Beds
Full Baths	2.5 Baths
Half Baths	1 Half Bath
Plumbing Fixtures	8 Plumbing Fixtures
Stories	1 Story
Building Area	2,701 sqft Living Area
Gross Area	5,371 sqft
1st Floor Area	2,701 sqft
Basement Area	1,845 sqft
Game Room	Game Room
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1965
Effective Year Built	Effective 1965
Architectural Style	Conventional
Exterior Material	Brick
Construction Type	Frame
Roof Material	Composition Shingle
Lot Area	22,002 sqft (0.505 acres)
Lot Dimensions	200 ft deep x 110 ft wide
Garage Type	Attached
Garage Area	825 sqft
Parking Spaces	1 Parking Space
Patio Area	837 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Street Address	555 CHEROKEE RD
City	LAKE FOREST
State	IL
Zip	60045-3152
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	WHISPERING OAKS UNIT 6 LOT 27
Legal Subdivision	WHISPERING OAKS UNIT 6
Legal Lot Number	27
Legal Unit	6
Jurisdiction	LAKE IL
Township / Civil Division	WEST DEERFIELD
Census Block Group	2
Census Block	2001
Census Tract	864602

Owner

555 Cherokee Rd is owned and occupied by two individuals who bought it in August 2012.

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

Owner of Record	2 Individual Names on File
Mailing Address	555 CHEROKEE RD, LAKE FOREST, IL 60045-3152
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Tenants by the Entirety

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Aug 2, 2012 · Amount on File
Deed Sale	Aug 2, 2012 · Amount on File
Prior Sale	Nov 19, 1998 · Amount on File
Deed Document Number	20126880119
Record Updated	Oct 29, 2026

July 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	555 CHEROKEE RD, LAKE FOREST, IL 60045-3152
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0007673015
Date	Jul 13, 2020
Instrument	7673015

Lender

Name	FREEDOM MORTGAGE CORP
Type	Subprime Lender
Address	MOUNT LAUREL, NJ 08054

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	268 Months
Due	Nov 1, 2042

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Illinois
County	Lake County
County Subdivision	West Deerfield Township
Municipality	Lake Forest City
Elementary School District	Lake Forest School District 67 (PK - 08)
Secondary School District	Lake Forest Community High School District 115 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$264,430 Land $115,558 Building $148,872	$793,370 Land $346,709 Building $446,661
2024	$13,825.00 (-3.97%)
2023	$14,397.00 (+5.81%)	$230,529 (-6.27%) Land $100,743 Building $129,786	$691,656 (-6.27%) Land $302,259 Building $389,397
2022	$13,606.00	$245,937 Land $104,086 Building $141,851	$737,885 Land $312,289 Building $425,596

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

FEMA maps place 555 Cherokee Rd in Zone X, an area of minimal flood risk, though there have been 15 flood claims nearby since 1982.

Source: FEMA National Flood Hazard Layer, effective February 20, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 12 policies
Community Rating System	Class 7 (15% premium discount)
Nearby Flood Policies	12 in force
Nearby Flood Claims	15 (1982–2022)
Claims Outside the SFHA	7 of 15
Most Recent Claim	Jul 2022 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 555 Cherokee Rd is low, with less than a 0.01% annual chance of wildfire.

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

Wildfire Risk	Low lower than 96% of the US · lower than 74% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

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 System	LAKE FOREST serves 19,642 people · EPA ID IL0970800
Water Source	Surface water
Last State Inspection	Oct 2025
Lead	21 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 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 272 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T DSL · Fiber in parts of the area	100 / 20