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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 Sold Listings

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 1D1D150022462024-03-19
MLS#: 11971668 		Closed$800,000
Unit 3E3E18962212023-02-24
MLS#: 11641540 		Closed$624,500
Unit 2C2C20693312022-09-06
MLS#: 11486289 		Closed$700,000
Unit 1D1D150022562022-04-29
MLS#: 11339484 		Closed$580,000
Unit 1D
1D

2 Beds

2 Baths

1500 sqft

DateStatusPrice
2024-03-19Closed$800,000
MLS#: 11971668
Days On Market46
Unit 1D
1D

2 Beds

2 Baths

1500 sqft

DateStatusPrice
2022-04-29Closed$580,000
MLS#: 11339484
Days On Market56
Unit 2C
2C

3 Beds

3 Baths

2069 sqft

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

2 Beds

2 Baths

1896 sqft

DateStatusPrice
2023-02-24Closed$624,500
MLS#: 11641540
Days On Market1
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.

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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

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
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Schools

arrow rightWhat to know about schoolsarrow right
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Description

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

Lake Forest.

0.26 miles away|5 min walk

The Neighbourhood: Oakwood

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Oakwood Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 10.9% are children aged 0–14, 28.68% are young adults between 15–29, 6.43% are adults aged 30–44, 21.55% are in the 45–59 range and 32.44% are seniors aged 60 and above. Commuting options are also varying where 44.22% of residents relying on driving, while others prefer public transit around 32.08%, walking around 6.71%, biking around 0.43%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 76.66% of units owner occupied and 23.34% are rented. The neighborhood offers different household types. About 22.88% are single family homes and 3.02% are multi family units. Around 37.21% are single-person households, while 62.79% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 38% of residents have bachelor’s degrees. Around 2.93% have high school or college education. Another 3.44% hold diplomas while 44.11% have completed postgraduate studies. The remaining are 11.52% with other types of qualifications.

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Demographics Description

This neighborhood indicates a good mix of people which makes it a good place for families. About 10.9% are children aged 0–14, 28.68% are young adults between 15–29, 6.43% are adults aged 30–44, 21.55% are in the 45–59 range and 32.44% are seniors aged 60 and above. Commuting options are also varying where 44.22% of residents relying on driving, while others prefer public transit around 32.08%, walking around 6.71%, biking around 0.43%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 76.66% of units owner occupied and 23.34% are rented. The neighborhood offers different household types. About 22.88% are single family homes and 3.02% are multi family units. Around 37.21% are single-person households, while 62.79% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 38% of residents have bachelor’s degrees. Around 2.93% have high school or college education. Another 3.44% hold diplomas while 44.11% have completed postgraduate studies. The remaining are 11.52% with other types of qualifications.

Age Demographics

10.9% (0 - 14 years old)

28.68% (15 - 29 years old)

6.43% (30 - 44 years old)

21.55% (45 - 59 years old)

32.44% (60+ years old)

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

22.88%

Single Family

3.02%

Multi Family

37.21%

Single Person

62.79%

Multi Person

Education

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

Education

Diploma3.44%
Post Graduate44.11%
Others11.52%
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  1. Home
  2. /Lake Forest, IL
  3. /
    Oakwood
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