$525,000

beds

baths

half bath

2,379

square ft

63 Franklin Place E

Lake Forest, Illinois 60045

Contingent / MLS #12552794 / Single Family / Lake Forest

Listing information updated 1/27/2026 at 6:22pm

Set on an exceptional .443-acre parcel in the very heart of downtown Lake Forest, this rare offering presents an extraordinary opportunity to build new amid some of the area's most distinguished multi-million-dollar residences. Mere steps from acclaimed restaurants, charming boutiques, parks, and everyday conveniences-and just moments to Lake Forest High School and the lakefront-this location delivers the ultimate blend of lifestyle, walkability, and long-term value. The existing residence requires substantial renovation and is best suited for redevelopment, allowing a discerning buyer or builder to fully reimagine the site and create a custom home that reflects today's luxury standards while harmonizing with the surrounding estate-caliber properties. With nearly half an acre of prime, level land in one of Lake Forest's most coveted neighborhoods, this is a truly rare chance to secure an irreplaceable homesite where the value is unequivocally in the land and the possibilities are as compelling as the address itself.

Full Features

Beds Above Grade:

Square Feet:

2,379

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

60045

City:

Lake Forest

County:

Lake

Schools

School District(s):

67, 115

Elementary School:

Sheridan Elementary School

Middle School:

Deer Path Middle School

High School:

Lake Forest High School

Beds Above Grade:

Square Feet:

2,379

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

60045

City:

Lake Forest

County:

Lake

School District(s):

67, 115

Elementary School:

Sheridan Elementary School

Middle School:

Deer Path Middle School

High School:

Lake Forest High School

Listing Office: @PROPERTIES

Listing Office Phone: 847.832.0002

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 1/27/2026 at 6:22pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Lake Forest, IL

With its towering trees, picturesque street plan, and bluffs overlooking Lake Michigan, it’s easy to see why Lake Forest is known for its natural beauty. Rich in history, the community offers true luxury in a resort-style setting. Historic estates built by legendary architects Howard Van Doren S...

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Metra

Union Pacific North line at Lake Forest Metra

$1,429,780

Average Sale Price

Average Days On The Market

97%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in Lake Forest, IL

Recently Sold Homes in Lake Forest, IL

Nearby Homes for Sale

63 Franklin Place E, Lake Forest, IL 60045 is a single family home currently listed at $525,000. 63 Franklin Place E features 3 Beds, 2 Baths, 1 Half Bath. This single family home has been listed on @properties Christie's International Real Estate since January 24th, 2026. Nearby schools include Sheridan Elementary School, Deer Path Middle School, and Lake Forest High School. The nearest transit stops include Lake Forest Metra Metra Union Pacific North line.