HeaderIcon
  1. Agent Logo

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
HeaderIcon

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
leftArrowBack to Search
  1. Home
  2. /
  3. Lake Forest, IL
  4. /
  5. Oakwood
Add to favoritesAdd to favorites (hover)
Save
leftArrow
Add to favoritesAdd to favorites (hover)

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 Market 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
Next

Market 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
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

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

Discover top-rated schools located close to Oakwood.

School of St Mary

--
Private|Grades PK–8
185 E Illinois Rd|0.13 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|1.46 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|1.46 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: Oakwood

Similar Buildings Nearby

Add to favoritesAdd to favorites (hover)
501 Oakwood Ave
501 Oakwood Ave, Lake Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
1350 N Western Ave
1350 N Western Ave, Lake Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
Crystal Point
1350 N Western Avenue, Lake Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
140 Franklin Pl
140 Franklin Pl E, Lake Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
501 Oakwood Ave
501 Oakwood Ave, Lake Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
1350 N Western Ave
1350 N Western Ave, Lake Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
Crystal Point
1350 N Western Avenue, Lake Forest, IL
Click to see listings
View All Similar Buildings

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%
Next

Education

Diploma3.44%
Post Graduate44.11%
Others11.52%
Get the HelloCondo Newsletter
Real-estate tips, insights, and market reports in your inbox.
Newsletter
  1. Home
  2. /Lake Forest, IL
  3. /
    Oakwood
Nearby Cities
Evanston
Buildings
1000 Deerfield Rd
1000 Deerfield Road
1220 Park Ave W
1230 Park Ave W
1240 Park Ave W
1250 Park Avenue West Ave
1655 Mcgovern Avenue
1655 Mcgovern St
1688 Green Bay Rd
1688 Green Bay Road
1695 Second St
1700 Second St
1700 Second Street
1789 Green Bay Road
Brooke Estates Condominiums
Laurel Square
Neighborhoods
Blackberry CountrysideBlackhawkBronzeville
BurnsideChathamEast SideEdgewaterFar SoutheastGarnseyJefferson ParkLincoln ParkLittle Italy / University VillageLogan SquareMedinahMount GreenwoodNear West GalenaOld TownPigeon HillWaukegan National AirportWest Loop
ZIP Codes
600456006160085
6008760107601196012960130601416014860179604116043860476605556055660604606336065960805
Community
Adler Park ManorsArmour WoodsAspen Pointe
Barclay LaneBay TreeBayhillBelle GroveBrooke EstatesBrooke Estates CondominiumsC. Frank WrightsCalvary BarracksCambridge GreenCambridge SquareCambridge Square IICambridge WestChantillyColony SquareCondominiums of Northbrook CourtConway FarmsCoromandel
HelloCondo Logo
HelloCondo Logo
HelloCondo Is The #1 Condo Search Platform And Real Estate Recommendation Engine. Search, Find And Buy The Perfect Condo And Get Matched With The Best Agents. Finding A Condo Has Never Been So Easy.

HelloCondo is a division of HelloCasa, LLC

FacebookIconInstagramIconXIconRedditIcon

HelloCondo

Find A RealtorTerms of UsePrivacy PolicyCalifornia Privacy NoticeAccessibility PolicyCCPA Notice on CollectionDMCABrowseNYS Standard Operating ProcedureNYS Fair Housing Notice

Contact

LocationIcon
300 Galleria Pkwy SE, Suite 1500,
Atlanta, GA 30339
PhoneICon
(855) 625-0319
EmailIConhello@hellocondo.com
Contact Us

For Sale

Condos for saleTownhomes for sale
AgentIcon
LocationIcon

Berkshire Hathaway Starck Real Estate

Paul Ambrogio

Serving Chicago and all of Northern IL

13300 IL RT 47

Huntley, Illinois 60142

PhoneICon847-668-3774
EmailIConpaul@illinoispropertysearch.com
© HelloCondo 2025. All Rights Reserved.