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  3. Lake Forest, IL
  4. /
  5. 501 Oakwood Ave
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501 Oakwood Ave

501 Oakwood Ave, Lake Forest, IL, 60045 |Oakwood

YEAR BUILT

1977

# STORIES

3

# TOTAL UNITS

13

UNIT SIZE RANGE

1,094-2,500 sqft

Description

The building at 501 Oakwood Ave is situated in downtown Lake Forest. It lies within a historic district near the Deerpath Inn, making it a charming spot. This low-rise structure was built in 1977 and has 3 stories with a total of 13 units. The available units range in size from 1,094 to 2,500 square feet. Prices for these units fall between $740,000 and $800,000. This gives an average price of about $332 per square foot. It’s important to note that the spacious living rooms create a lasting impression. Most units offer one to three bedrooms, catering to different needs. Features like in-unit laundry and outdoor patios enhance day-to-day living. Heated garage parking adds comfort, especially during the colder months. South-facing units provide ample natural light. Nearby dining options include Egg Harbor Cafe, Chief's Pub, and Ckh and Sons. The area is perfect for those who enjoy good food. Aside from restaurants, there are shops and various local businesses that make it easy to manage daily errands. Living here means enjoying wooded views and a peaceful neighborhood. The amenities include an elevator and a welcoming receiving room. Proximity to the beach and train station brings more convenience. This building supports a comfortable lifestyle while being close to nature.

Building ImageMLS ID #11971668
Building ImageMLS ID #11641540
Building Image
Building ImageView Listing

501 Oakwood Ave

501 Oakwood Ave, Lake Forest, IL, 60045

|Oakwood

YEAR BUILT

1977

# STORIES

3

# TOTAL UNITS

13

UNIT SIZE RANGE

1,094-2,500 sqft

Description

The building at 501 Oakwood Ave is situated in downtown Lake Forest. It lies within a historic district near the Deerpath Inn, making it a charming spot. This low-rise structure was built in 1977 and has 3 stories with a total of 13 units. The available units range in size from 1,094 to 2,500 square feet. Prices for these units fall between $740,000 and $800,000. This gives an average price of about $332 per square foot. It’s important to note that the spacious living rooms create a lasting impression. Most units offer one to three bedrooms, catering to different needs. Features like in-unit laundry and outdoor patios enhance day-to-day living. Heated garage parking adds comfort, especially during the colder months. South-facing units provide ample natural light. Nearby dining options include Egg Harbor Cafe, Chief's Pub, and Ckh and Sons. The area is perfect for those who enjoy good food. Aside from restaurants, there are shops and various local businesses that make it easy to manage daily errands. Living here means enjoying wooded views and a peaceful neighborhood. The amenities include an elevator and a welcoming receiving room. Proximity to the beach and train station brings more convenience. This building supports a comfortable lifestyle while being close to nature.

Next

Description

The building at 501 Oakwood Ave is situated in downtown Lake Forest. It lies within a historic district near the Deerpath Inn, making it a charming spot. This low-rise structure was built in 1977 and has 3 stories with a total of 13 units. The available units range in size from 1,094 to 2,500 square feet. Prices for these units fall between $740,000 and $800,000. This gives an average price of about $332 per square foot. It’s important to note that the spacious living rooms create a lasting impression. Most units offer one to three bedrooms, catering to different needs. Features like in-unit laundry and outdoor patios enhance day-to-day living. Heated garage parking adds comfort, especially during the colder months. South-facing units provide ample natural light. Nearby dining options include Egg Harbor Cafe, Chief's Pub, and Ckh and Sons. The area is perfect for those who enjoy good food. Aside from restaurants, there are shops and various local businesses that make it easy to manage daily errands. Living here means enjoying wooded views and a peaceful neighborhood. The amenities include an elevator and a welcoming receiving room. Proximity to the beach and train station brings more convenience. This building supports a comfortable lifestyle while being close to nature.

501 Oakwood Ave Market Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price-
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-
Next

Market Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

501 Oakwood Ave Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 1D1D150022462024-03-19
MLS#: 11971668 		Closed$800,000
Unit 2C2C20693312022-09-06
MLS#: 11486289 		Closed$700,000
Unit 3-C3-C2500341292007-09-27
MLS#: 06522500 		Closed$740,000
Unit 1D
1D

2 Beds

2 Baths

1500 sqft

DateStatusPrice
2024-03-19Closed$800,000
MLS#: 11971668
Days On Market46
Unit 2C
2C

3 Beds

3 Baths

2069 sqft

DateStatusPrice
2022-09-06Closed$700,000
MLS#: 11486289
Days On Market1
Unit 3-C
3-C

3 Beds

4 Baths

2500 sqft

DateStatusPrice
2007-09-27Closed$740,000
MLS#: 06522500
Days On Market129
View Complete Unit Listing HistorySource By: MRED

Amenities

Living at 501 Oakwood Ave means you can enjoy essential amenities that simplify day-to-day life. The elevator is a practical perk for moving in heavy furniture or when you’re carrying groceries. Additionally, the receiving room offers a chance to mingle with neighbors and friends, creating a sense of community that’s often hard to find in the hustle and bustle of larger cities.

Next

Amenities Description

Living at 501 Oakwood Ave means you can enjoy essential amenities that simplify day-to-day life. The elevator is a practical perk for moving in heavy furniture or when you’re carrying groceries. Additionally, the receiving room offers a chance to mingle with neighbors and friends, creating a sense of community that’s often hard to find in the hustle and bustle of larger cities.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Patio

Patio

Receiving Room

Receiving Room

Storage

Storage

Balcony

Balcony

Policies

One of the key aspects of condo living is understanding the community guidelines. At 501 Oakwood, policies include a limit on the number of residents per unit and size restrictions for pets — perfect for those considering furry companions! These policies maintain a friendly and comfortable living environment for everyone.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
501 Oakwood Ave--
Oakwood$534/sqft.$2 /sqft.
333 E Westminster Rd$629/sqft.$3 /sqft.
333 E Westminster Road$629/sqft.$3 /sqft.
153 E Laurel Avenue$414/sqft.$2 /sqft.
153 E Laurel Ave$414/sqft.$2 /sqft.

Nearby Schools

Discover top-rated schools located close to 501 Oakwood Ave.

School of St Mary

--
Private|Grades PK–8
185 E Illinois Rd|0.12 miles away

Deer Path Middle School East

B-
Public|Grades 5–6
95 W Deerpath|0.54 miles away

Deer Path Middle School West

B
Public|Grades 7–8
155 W Deerpath|0.63 miles away

Lake Forest Country Day School

--
Private|Grades PK–8
145 S Green Bay Rd|1.11 miles away

Lake Forest High School

A-
Public|Grades 9–12
1285 N McKinley Rd|1.46 miles away

Sheridan Elementary School

B+
Public|Grades PK–4
1360 N Sheridan Rd|1.47 miles away
Next

Schools

School of St Mary

--
Private|Grades PK–8
185 E Illinois Rd|Less than 1 Mile Away

Deer Path Middle School East

B-
Public|Grades 5–6
95 W Deerpath|Less than 1 Mile Away

Deer Path Middle School West

B
Public|Grades 7–8
155 W Deerpath|Less than 1 Mile Away

Lake Forest Country Day School

--
Private|Grades PK–8
145 S Green Bay Rd|1.11 Miles Away

Lake Forest High School

A-
Public|Grades 9–12
1285 N McKinley Rd|1.46 Miles Away

Sheridan Elementary School

B+
Public|Grades PK–4
1360 N Sheridan Rd|1.47 Miles Away

Woodlands Academy of the Sacred Heart

--
Private|Grades 9–12
760 E Westleigh Rd|1.48 Miles Away

Cherokee Elementary School

B
Public|Grades KG–4
475 Cherokee Rd|2.23 Miles Away

Lake Bluff Middle School

B+
Public|Grades 6–8
31 E Sheridan Pl|2.48 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

Lake Forest.

0.35 miles away|7 min walk

The Neighbourhood: 501 Oakwood Ave

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501 Oakwood Ave Demographics

Age Demographics

0–14 Years

10.91%

15–29 Years

28.68%

30–44 Years

6.43%

45–59 Years

21.55%

60+ Years

32.43%

Commute

32.11%

Transit

6.7%

Walk

44.2%

Drive

0.43%

Bike

Housing Ownership

76.69%

Owner Occupied

23.31%

Rental Units

Household Types

Single Family
22.87%
Multi Family
3.02%
Single Person
37.19%
Multi Person
62.81%

Average Income

Household:$17,870,467.62 /yr

Individual:$10,881,945.62 /yr

Education

Bachelors Degree37.99%
High School College2.93%
Diploma3.44%
Post Graduate44.13%
Others11.51%
Next

Education

Diploma3.44%
Post Graduate44.13%
Others11.51%
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  3. /
    501 Oakwood Ave
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