500 Lake Street
500 Lake Street, Evanston, IL, 60201
Year Built
1964
# Stories
5
# Total Units
10
Unit Size Range
1,450-1,550 sqft
Unit Demand
Low
Unit Availability
Low
About 500 Lake Street
500 Lake Street stands prominently within Evanston, offering residents the charm of a mid-century architectural design. This five-story residential building, constructed in 1964, combines vintage appeal with recent upgrades to ensure comfort and convenience. It houses a variety of unit configurations, catering to diverse lifestyle needs, including studios and 1- to 3-bedroom apartments. Residents of 500 Lake Street benefit from updated amenities that enhance the living experience, such as secured entry, a community laundry facility, and designated parking areas. Many units feature original parquet flooring, adding character, while contemporary updates in kitchens and bathrooms integrate modernity. Despite not being on the waterfront, 500 Lake Street provides easy access to Evanston's various parks and green spaces. The surrounding area is rich in cultural offerings and includes numerous shopping and dining venues to explore. Transport links are conveniently accessible, making it easy for residents to connect to nearby business districts and educational institutions. The building's location at 60201 affords it the advantage of being within Evanston's well-developed network while maintaining a sense of community and history.
Amenities
One of the standout features of 500 Lake Street is its convenient elevator access, ensuring easy movement between floors—especially handy when carrying groceries or bringing home new treasures from nearby shops. While the building may have a limited selection of amenities, it fosters a simple, down-to-earth lifestyle perfect for first-time buyers looking to make their mark.
Parking
Locker
Concierge
Elevator
Central AC
Pool
Fitness Center
Visitors ParkingBuilding Policies
For our fur-loving friends, the good news is that cats are welcome! So, if you're a cat owner, you can breathe easy knowing your furry companion can enjoy your new home with you. However, it's worth noting that dogs are not permitted. Everyone appreciates a friendly environment, and these guidelines help maintain a peaceful community atmosphere.
Pets Allowed
Short-term Rental Allowed
BBQ Permitted
Sublet AllowedLoading...
500 Lake Street Market Report (last 12 months)
23.34%
1
59 28.38%
1500 Lake Street Sales History
| Unit | Size (sqft) | Beds | Baths | Days On Market | Date | Status | Price | |
|---|---|---|---|---|---|---|---|---|
 | 304 | 1340 | 3 | 2 | 59 | 2025-07-01 MLS#: 12352666 | Closed | $385,000 |
 | 504 | 1500 | 3 | 2 | 211 | 2021-03-26 MLS#: 10837298 | Closed | $340,000 |
 | 404 | 1500 | 3 | 2 | 135 | 2013-07-31 MLS#: 08294172 | Closed | $322,500 |
3 Beds
2 Baths
1340 sqft
| Date | Status | Price |
|---|---|---|
| 2025-07-01 | Closed | $385,000 |
3 Beds
2 Baths
1500 sqft
| Date | Status | Price |
|---|---|---|
| 2013-07-31 | Closed | $322,500 |
3 Beds
2 Baths
1500 sqft
| Date | Status | Price |
|---|---|---|
| 2021-03-26 | Closed | $340,000 |
The Neighborhood :
Living in 500 Lake Street
Condo Living at 500 Lake Street, located at 500 LAKE STREET, EVANSTON, IL:
Are you ready to make that exciting leap into homeownership? If you're looking to buy your first home, 500 Lake Street might be the perfect place for you to land. This charming condo building, established back in 1964, offers a friendly community vibe combined with inviting living spaces. With five stories, you'll find ample opportunities to enjoy city views while appreciating the quaint architecture that speaks to Evanston's rich history.
Building Features and Unit Availability:
500 Lake Street houses a total of just 10 units, making it a compact yet cozy environment for its residents. The sizes of the condos range between 1,450 to 1,550 square feet, providing enough space to express your personal style and make lasting memories. Despite low availability and demand, the condos here are captivating for anyone looking to enjoy a peaceful neighborhood while having a variety of options regarding layouts and views.
Life at 500 Lake Street:
Living at 500 Lake Street means embracing a serene lifestyle while still enjoying the perks of an urban setting. With an average closed price around $299,900, it's an appealing option for first-time buyers. And while units might linger on the market for about 80 days, this reflects an approachable entry point into the Evanston area without the pressure often associated with high-demand buildings.
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Paul Ambrogio
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