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  3. Lake Forest, IL
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  5. Oakwood
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Oakwood

501 Oakwood Avenue, Lake Forest, IL, 60045
Oakwood

YEAR BUILT

1977

# STORIES

3

# TOTAL UNITS

13

UNIT SIZE RANGE

2,450-2,550 sqft

Description

Oakwood is situated at 501 Oakwood Avenue in Lake Forest. This building is a low-rise structure with 3 stories and consists of 13 units. It was built in 1977 and has a mix of 1, 2, and 3-bedroom units. The sizes of the units range from 2,450 to 2,550 square feet. The prices for the units range from $740,000 to $800,000. This translates to an average price of about $534 per square foot based on recent sales. The average time these units stay on the market is 46 days, allowing buyers some time to think about their opportunities. The building includes a receiving room and elevators, adding comfort and ease for residents. Its layout provides ample space for enjoying a relaxed lifestyle. Lake Forest is known for its charming neighborhoods, and this building fits right in with the area. Residents can enjoy nearby restaurants such as Egg Harbor Cafe, Chief's Pub, and Ckh and Sons. These options bring some variety to local dining experiences. Access to roads is straightforward, making commutes hassle-free and connecting residents to the rest of the community. Lake Michigan is a short drive away, perfect for those who love outdoor activities. Living in Oakwood means enjoying a peaceful neighborhood while still being close to water and other recreational spots. The overall setting balances tranquility and access to local amenities.

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

Oakwood

501 Oakwood Avenue, Lake Forest, IL, 60045


Oakwood

YEAR BUILT

1977

# STORIES

3

# TOTAL UNITS

13

UNIT SIZE RANGE

2,450-2,550 sqft

Description

Oakwood is situated at 501 Oakwood Avenue in Lake Forest. This building is a low-rise structure with 3 stories and consists of 13 units. It was built in 1977 and has a mix of 1, 2, and 3-bedroom units. The sizes of the units range from 2,450 to 2,550 square feet. The prices for the units range from $740,000 to $800,000. This translates to an average price of about $534 per square foot based on recent sales. The average time these units stay on the market is 46 days, allowing buyers some time to think about their opportunities. The building includes a receiving room and elevators, adding comfort and ease for residents. Its layout provides ample space for enjoying a relaxed lifestyle. Lake Forest is known for its charming neighborhoods, and this building fits right in with the area. Residents can enjoy nearby restaurants such as Egg Harbor Cafe, Chief's Pub, and Ckh and Sons. These options bring some variety to local dining experiences. Access to roads is straightforward, making commutes hassle-free and connecting residents to the rest of the community. Lake Michigan is a short drive away, perfect for those who love outdoor activities. Living in Oakwood means enjoying a peaceful neighborhood while still being close to water and other recreational spots. The overall setting balances tranquility and access to local amenities.

Next

Description

Oakwood is situated at 501 Oakwood Avenue in Lake Forest. This building is a low-rise structure with 3 stories and consists of 13 units. It was built in 1977 and has a mix of 1, 2, and 3-bedroom units. The sizes of the units range from 2,450 to 2,550 square feet. The prices for the units range from $740,000 to $800,000. This translates to an average price of about $534 per square foot based on recent sales. The average time these units stay on the market is 46 days, allowing buyers some time to think about their opportunities. The building includes a receiving room and elevators, adding comfort and ease for residents. Its layout provides ample space for enjoying a relaxed lifestyle. Lake Forest is known for its charming neighborhoods, and this building fits right in with the area. Residents can enjoy nearby restaurants such as Egg Harbor Cafe, Chief's Pub, and Ckh and Sons. These options bring some variety to local dining experiences. Access to roads is straightforward, making commutes hassle-free and connecting residents to the rest of the community. Lake Michigan is a short drive away, perfect for those who love outdoor activities. Living in Oakwood means enjoying a peaceful neighborhood while still being close to water and other recreational spots. The overall setting balances tranquility and access to local amenities.

Oakwood Key Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price$800,000($534/Sqft.)
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market46 days
Average HOA fees per sqft$2 /monthly
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Key Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market46 days
Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
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

High
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

Oakwood 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 Oakwood comes with a few delightful perks. The building boasts modern elevators for easy access to upper floors, making it a breeze to move your things in or enjoy quick trips around the building. There's also a receiving room that welcomes guests and adds an extra touch of convenience to your lifestyle. These amenities enhance your daily experiences, helping you feel right at home from the moment you step inside.

Next

Amenities Description

Living at Oakwood comes with a few delightful perks. The building boasts modern elevators for easy access to upper floors, making it a breeze to move your things in or enjoy quick trips around the building. There's also a receiving room that welcomes guests and adds an extra touch of convenience to your lifestyle. These amenities enhance your daily experiences, helping you feel right at home from the moment you step inside.

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
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Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Patio

Patio

Receiving Room

Receiving Room

Storage

Storage

Balcony

Balcony

Policies

While living in a condo provides many freedoms, Oakwood has policies in place to ensure a harmonious community. There are some size and number limits to consider, which helps maintain a calm and pleasant environment for everyone. It’s essential to understand these guidelines as they shape your living experience at Oakwood.

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)
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.
Laurel Place$452/sqft.$2 /sqft.

Nearby Schools

Oakwood is located near 9+ schools throughout Lake Forest. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

School of St Mary

--
Private|Grades PK–8
185 E Illinois Rd|0.09 miles away

Deer Path Middle School East

B-
Public|Grades 5–6
95 W Deerpath|0.4 miles away

Deer Path Middle School West

B
Public|Grades 7–8
155 W Deerpath|0.47 miles away

Lake Forest Country Day School

--
Private|Grades PK–8
145 S Green Bay Rd|0.82 miles away

Lake Forest High School

A-
Public|Grades 9–12
1285 N McKinley Rd|1.08 miles away

Sheridan Elementary School

B+
Public|Grades PK–4
1360 N Sheridan Rd|1.08 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
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Description

Oakwood is located near 9+ schools throughout Lake Forest. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

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|Less than 1 Mile Away

Lake Forest High School

A-
Public|Grades 9–12
1285 N McKinley Rd|1.08 Miles Away

Sheridan Elementary School

B+
Public|Grades PK–4
1360 N Sheridan Rd|1.08 Miles Away

Woodlands Academy of the Sacred Heart

--
Private|Grades 9–12
760 E Westleigh Rd|1.10 Miles Away

Cherokee Elementary School

B
Public|Grades KG–4
475 Cherokee Rd|1.65 Miles Away

Lake Bluff Middle School

B+
Public|Grades 6–8
31 E Sheridan Pl|1.83 Miles Away

Transit

Oakwood is located in a well-connected part of , Lake Forest, supported by nearby public transportation. Transit options within a 2-mile radius improve accessibility for daily commuting. Residents enjoy convenient travel across surrounding neighborhoods and downtown areas. This connectivity enhances overall quality of urban living.

Lake Forest.

0.26 miles away|5 min walk

The Neighbourhood: Oakwood

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Oakwood Demographics

Age Demographics

0–14 Years

10.9%

15–29 Years

28.68%

30–44 Years

6.43%

45–59 Years

21.55%

60+ Years

32.44%

Commute

32.08%

Transit

6.71%

Walk

44.22%

Drive

0.43%

Bike

Housing Ownership

76.66%

Owner Occupied

23.34%

Rental Units

Household Types

Single Family
22.88%
Multi Family
3.02%
Single Person
37.21%
Multi Person
62.79%

Average Income

Household:$17,855,941.87 /yr

Individual:$10,879,606.14 /yr

Education

Bachelors Degree38%
High School College2.93%
Diploma3.44%
Post Graduate44.11%
Others11.52%
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Education

Diploma3.44%
Post Graduate44.11%
Others11.52%
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    Oakwood
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