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

Lake County property record for 587 E Illinois Rd, Lake Forest, IL 60045

Property Summary

Property TypeSingle Family Home
Details4.5 ba · 5,080 sqft · built 2014
Lot Size0.172 acres (7,505 sqft)
Owner2 Individual Names on Record
Last Sale$315,000 (Jan 2013)
Tax Bill$29,710 (2024)
Deeds & MortgagesAug 2019 Mortgage
Apr 2019 Loan Modification
+ 2 more
Flood ZoneZone X (minimal risk)
APN12-33-408-002

Property Details

APN / Parcel Number

Primary APN12-33-408-002

Interior

Full Baths4.5 Baths
Half Baths1 Half Bath
Stories1 Story
Building Area5,080 sqft Living Area
Gross Area5,271 sqft
1st Floor Area1,929 sqft
Upper Floors Area1,429 sqft
Basement Area1,913 sqft
Finished Basement1,722 sqft
Unfinished Basement191 sqft
Game RoomGame Room
Fireplaces1 Fireplace
FireplaceFireplace

Exterior

Year BuiltBuilt 2014
Effective Year BuiltEffective 2014
Architectural StyleConventional
Exterior MaterialWood Shingle
Construction TypeFrame
Roof MaterialComposition Shingle
Lot Area7,505 sqft (0.172 acres)
Garage TypeDetached
Garage Area576 sqft
Parking Spaces1 Parking Space

Exterior Amenities

PorchOpen Porch
Porch Area680 sqft
Deck AreaDeck Area
Patio Area126 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemForced Air with A/C

Location & Zoning

Street Address587 E ILLINOIS RD
CityLAKE FOREST
StateIL
Zip60045-2473
Property CategoryResidential
Property TypeResidential > Single Family > Home
Legal DescriptionWASHINGTON CIRCLE SUB. LOT 20
Legal SubdivisionWASHINGTON CIRCLE SUB.
Legal Lot Number20
JurisdictionLAKE IL
Township / Civil DivisionSHIELDS
Census Block Group1
Census Block1013
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 Address587 E ILLINOIS RD, LAKE FOREST, IL 60045-2473
OccupancyOwner Occupied
Owner TypeIndividual

Deeds, Mortgages & Sale History

DateDocument
Aug 1, 2019Deed of Trust, Mortgage · Conventional Mortgage
MORGAN STANLEY PRIVATE BANK NA
Apr 29, 2019Loan Modification, Mortgage · Line of Credit
LIBERTYVILLE BK
Jan 30, 2019Loan Modification, Mortgage
LIBERTYVILLE BK
Jul 14, 2017Deed of Trust, Mortgage · Line of Credit
LIBERTYVILLE BK

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleJan 30, 2013 · Amount on Record
Deed SaleJan 30, 2013 · Amount on Record
Prior SaleOct 2, 2012
Deed Document Number20136952945
Last Transfer DateFeb 1, 2013
Transfer Doc0006962540
Record UpdatedOct 29, 2026

August 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionLAKE IL
Property Address587 E ILLINOIS RD, LAKE FOREST, IL 60045-2473
Transaction TypeMortgage
Record UpdatedAug 5, 2022
Title CompanyPROPER TITLE LLC

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0007580949
DateAug 1, 2019
Instrument7580949
Lender
NameMORGAN STANLEY PRIVATE BANK NA
TypeBank
AddressCINCINNATI, OH 45245
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term360 Months
DueAug 1, 2049

April 2019: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionLAKE IL
Property Address587 E ILLINOIS RD, LAKE FOREST, IL 60045-2473
Document Number0007563513
Instrument DateApr 29, 2019
Transaction TypeMortgage
Record UpdatedJun 10, 2019
Title CompanyNOT AVAILABLE

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipRevocable Trust
Address587 E ILLINOIS RD LAKE FOREST IL 600452473, LAKE FOREST, IL 60045-2473

Mortgage

Document Number0007563513
DateMay 22, 2019
Instrument7563513
Lender
NameLIBERTYVILLE BK
TypeBank
Address507 N MILWAUKEE AVE, LIBERTYVILLE, IL 60048-2000
Agreement
TypeLine of Credit
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

January 2019: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionLAKE IL
Property Address587 E ILLINOIS RD, LAKE FOREST, IL 60045-2473
Document Number0007543350
Instrument DateJan 30, 2019
Transaction TypeMortgage
Record UpdatedFeb 26, 2019

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipRevocable Trust
Address587 E LILINOIS RD LAKE FOREST IL 60045, LAKE FOREST, IL 60045

Mortgage

Document Number0007543350
DateFeb 13, 2019
Instrument7543350
Lender
NameLIBERTYVILLE BK
TypeBank
AddressLIBERTYVILLE, IL 60048
Agreement
AmountAmount Recorded

July 2017: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionLAKE IL
Property Address587 E ILLINOIS RD, LAKE FOREST, IL 60045-2473
Document Number0007418481
Instrument DateJul 14, 2017
Transaction TypeMortgage
Record UpdatedAug 23, 2018
Title CompanyOTHER

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipRevocable Trust
Address587 E ILLINOIS RD LAKE FOREST IL 600452473, LAKE FOREST, IL 60045-2473

Mortgage

Document Number0007418481
DateAug 9, 2017
Instrument7418481
Lender
NameLIBERTYVILLE BK
TypeBank
AddressLIBERTYVILLE, IL 60048
Agreement
TypeLine of Credit
AmountAmount Recorded
Term240 Months
DueAug 8, 2037
Interest
Rate TypeAdjustable Rate
Rate4.25%

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$550,148 (+20.59%) Land $84,801 Building $465,347$1,650,609 (+20.59%) Land $254,428 Building $1,396,181
2024$29,710.00 (+10.31%)
2023$26,934.00 (+2.86%)$456,231 (+0.92%) Land $70,324 Building $385,907$1,368,830 (+0.92%) Land $210,993 Building $1,157,837
2022$26,184.00$452,072 Land $69,683 Building $382,389$1,356,352 Land $209,070 Building $1,147,282

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

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 RiskNot rated
no burnable land within 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 343 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable		2,000 / 250
AT&T
Fiber · DSL in parts of the area		1,000 / 1,000
Verizon
Fixed Wireless		300 / 20
T-Mobile
Fixed Wireless		100 / 20

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