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407 McKinley Ave, Libertyville, IL, 60048

5beds
5baths
2,987sqft
$1,380,000
$462price/sqft
$10,278/moest. monthly cost
$411,120/yrincome needed

About This Home

Located on highly walkable McKinley Avenue in Libertyville, this classic Lazzaretto home built in 2012 offers over 4,100 s.f. of finished living area, close proximity to downtown and all area schools. The property sits on a spacious 200-foot-long lot, providing ample outdoor space alongside a three-car garage and a brick-paved patio. A deep, covered front porch welcomes you into a home rich with signature Lazzaretto trim details. The first floor includes a dedicated home office with a coffered ceiling, built-in bookcases, and views of the porch, as well as a large mudroom off the kitchen. Designed for entertaining, the main level features an expansive family room centered around a fireplace that flows into a large kitchen complete with a distinct eating area, a sitting area, and a built-in desk station. Upstairs, the home offers four well-appointed bedrooms and a convenient second-floor laundry room. The configurations include one bedroom with its own private en-suite bathroom, two additional bedrooms connected via a Jack-and-Jill bathroom layout, and a bright master suite. The primary suite's large bathroom features a freestanding tub, a walk-in shower, double vanities, and a private water closet. Additional living space is found in the beautifully finished basement, which maintains comfortable eight-foot clear ceilings. The lower level accommodates a spacious recreation area, a fifth bedroom, a full bathroom, and substantial storage capacity that brings the total finished living area to over 4,100 square feet. Roof (2012), Furnace (~2024), AC (2012), Water Heater (~2024), Refrigerator (~2025), Washer/Dryer (~2025).

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
72
BikeVery Bikeable

Schools

7/10
7/10
Highland Middle SchoolGrades 6-80.2 mi
9/10
Libertyville High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 2012

Materials

  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: American 4-Sq.
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Double Oven,Microwave,Dishwasher,Refrigerator,Washer,Dryer,Disposal,Stainless Steel Appliance(s),Wine Refrigerator,Cooktop,Range Hood,Gas Cooktop,Oven,Electric Water Heater
  • Laundry features: Gas Dryer Hookup,In Unit,Sink

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom2

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 168
  • Dimensions: 14X12

Bedroom3

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 156
  • Dimensions: 13X12

Bedroom4

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 234
  • Dimensions: 13X18

Bedroom5

  • Features: Flooring (Carpet)
  • Level: Basement
  • Area: 224
  • Dimensions: 16X14

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Den

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 121
  • Dimensions: 11X11

Dining Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 169
  • Dimensions: 13X13

Family Room

  • Features: Flooring (Carpet)
  • Level: Basement
  • Area: 1050
  • Dimensions: 30X35

Features

  • Flooring: Hardwood
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning,Gas Starter,Family Room,Basement
  • Fireplace: Yes
  • Finished area below ground: 1,477

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,464
  • Total interior livable area: 2,987 sqft

Kitchen

  • Features: Kitchen (Eating Area-Breakfast Bar,Eating Area-Table Space),Flooring (Hardwood)
  • Level: Main
  • Area: 325
  • Dimensions: 13X25

Laundry

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 104
  • Dimensions: 13X8

Living Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 360
  • Dimensions: 18X20

Master Bedroom

  • Features: Flooring (Hardwood),Bathroom (Full)
  • Level: Second
  • Area: 255
  • Dimensions: 17X15

Mud Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 80
  • Dimensions: 10X8

Office

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 121
  • Dimensions: 11X11

Other

  • Features: Flooring (Other)
  • Level: Basement
  • Area: 231
  • Dimensions: 21X11

Walk In Closet

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 66
  • Dimensions: 6X11

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 11211140070000
  • Special condition: None
  • Other equipment: Radon Mitigation System

Features

  • Stories: 2
  • Patio & porch: Porch

Lot

  • Lot size: 10,018 sqft
  • Features: Landscaped,Mature Trees

Parking

  • Total spaces: 3
  • Parking features: Asphalt,Garage Door Opener,Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Strong Wind
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,978$83,736
Home Insurance *$473$5,676
Property Taxes $2,598$31,176
Electricity $229$2,756
Total$10,278$123,336
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$352,388/yr
40% on housing$308,340/yr
45% on housing$274,080/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.8%
12.8%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$462This listing

vs Other Active Listings

Avg $/sqft

ZIP 60048$267
Lake County$237

vs Homes Sold Last Month

Median $/sqft

ZIP 60048$266
Lake County$214

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2012-08-13Sold$860,000
2012-06-30Price change$879,000
2012-03-04Price change$829,000
2011-10-22Price change$819,000
2011-09-09Listed for sale$799,000
2006-06-21Sold$355,000

For Sale by Agent

AgentDaniel Timm
BrokerageBaird & Warner

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