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  3. Northfield, IL
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  5. 5040 Arbor Ln
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5040 Arbor Ln

5040 Arbor Ln, Northfield, IL, 60093
Meadowlake

YEAR BUILT

1993

# STORIES

3

# TOTAL UNITS

6

UNIT SIZE RANGE

1,046-3,564 sqft

Description

5040 Arbor Ln sits in Northfield, near the intersection of Dundee Road and Waukegan Road. It is close to Lake Michigan, which adds to the scenic beauty of the area. The building has a three-story low-rise structure, built in 1993. This condominium building consists of 6 units that range in size from 1,046 to 3,564 square feet. The building includes various unit options, featuring 1, 2, and 4 bedrooms. Prices for these units range from $1,350,000 to $565,000, with an average closed price of around $1,350,000. The average price per square foot is $379. Many units have spacious designs with floor-to-ceiling windows and private balconies for enjoying views. Residents can take advantage of several amenities. The building features an indoor pool, spa, and exercise room. There is a clubhouse with a party room, which is great for gatherings. Sundecks offer outdoor relaxation, and bike trails provide a way to enjoy the outdoors. The heated garage adds extra comfort during colder months. Shopping and dining are nearby, with options like Viccino's Pizza and Hofherr Meat Co. The average days on market for the building is about 24, indicating a steady interest. The location allows for quick access to highways, making commuting easier. Overall, 5040 Arbor Ln creates a comfortable living environment with plenty of amenities. The building's combination of features, spacious units, and nearby conveniences offers a good sense of community. Its setting emphasizes both natural beauty and accessibility.

Building ImageMLS ID #12477198
Building ImageMLS ID #12477198
Building Image
Building ImageView Listing

5040 Arbor Ln

5040 Arbor Ln, Northfield, IL, 60093


Meadowlake

YEAR BUILT

1993

# STORIES

3

# TOTAL UNITS

6

UNIT SIZE RANGE

1,046-3,564 sqft

Description

5040 Arbor Ln sits in Northfield, near the intersection of Dundee Road and Waukegan Road. It is close to Lake Michigan, which adds to the scenic beauty of the area. The building has a three-story low-rise structure, built in 1993. This condominium building consists of 6 units that range in size from 1,046 to 3,564 square feet. The building includes various unit options, featuring 1, 2, and 4 bedrooms. Prices for these units range from $1,350,000 to $565,000, with an average closed price of around $1,350,000. The average price per square foot is $379. Many units have spacious designs with floor-to-ceiling windows and private balconies for enjoying views. Residents can take advantage of several amenities. The building features an indoor pool, spa, and exercise room. There is a clubhouse with a party room, which is great for gatherings. Sundecks offer outdoor relaxation, and bike trails provide a way to enjoy the outdoors. The heated garage adds extra comfort during colder months. Shopping and dining are nearby, with options like Viccino's Pizza and Hofherr Meat Co. The average days on market for the building is about 24, indicating a steady interest. The location allows for quick access to highways, making commuting easier. Overall, 5040 Arbor Ln creates a comfortable living environment with plenty of amenities. The building's combination of features, spacious units, and nearby conveniences offers a good sense of community. Its setting emphasizes both natural beauty and accessibility.

Next

Description

5040 Arbor Ln sits in Northfield, near the intersection of Dundee Road and Waukegan Road. It is close to Lake Michigan, which adds to the scenic beauty of the area. The building has a three-story low-rise structure, built in 1993. This condominium building consists of 6 units that range in size from 1,046 to 3,564 square feet. The building includes various unit options, featuring 1, 2, and 4 bedrooms. Prices for these units range from $1,350,000 to $565,000, with an average closed price of around $1,350,000. The average price per square foot is $379. Many units have spacious designs with floor-to-ceiling windows and private balconies for enjoying views. Residents can take advantage of several amenities. The building features an indoor pool, spa, and exercise room. There is a clubhouse with a party room, which is great for gatherings. Sundecks offer outdoor relaxation, and bike trails provide a way to enjoy the outdoors. The heated garage adds extra comfort during colder months. Shopping and dining are nearby, with options like Viccino's Pizza and Hofherr Meat Co. The average days on market for the building is about 24, indicating a steady interest. The location allows for quick access to highways, making commuting easier. Overall, 5040 Arbor Ln creates a comfortable living environment with plenty of amenities. The building's combination of features, spacious units, and nearby conveniences offers a good sense of community. Its setting emphasizes both natural beauty and accessibility.

5040 Arbor Ln Key Stats Last 12 months

Avg. Listed Price$1,050,000($295/Sqft.)

Avg. Sale Price$1,350,000($379/Sqft.)
Year over year list price0.00%

Year over year sale price 0.00%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market24 days

Average HOA fees per sqft$3 /monthly
Next

Key Stats

Year over year list price0.00%

Year over year sale price0.00%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market24 days

Average HOA fees per sqft$3 /monthly

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

Low
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

5040 Arbor Ln Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 301301356443242025-03-06
MLS#: 12266729
Closed$1,350,000
Unit 201201-22252014-08-18
MLS#: 08682342
Closed$300,000
Unit 3013013200431862012-03-30
MLS#: 07911204
Closed$565,000
Unit 201
201

2 Beds

2 Baths

0 sqft


DateStatusPrice
2014-08-18Closed$300,000
MLS#: 08682342
Days On Market25
Unit 301
301

4 Beds

3 Baths

3564 sqft


DateStatusPrice
2025-03-06Closed$1,350,000
MLS#: 12266729
Days On Market24
Unit 301
301

4 Beds

3 Baths

3200 sqft


DateStatusPrice
2012-03-30Closed$565,000
MLS#: 07911204
Days On Market186
View Complete Unit Listing HistorySource By: MRED

Amenities

Living at 5040 Arbor Ln means taking advantage of an array of fabulous amenities tailored for your lifestyle. Picture yourself unwinding in the rejuvenating spa or hot tub after a long day, or getting your heart pumping in the on-site exercise room. The indoor pool offers a fantastic escape during the colder months, while the sundeck beckons for those sunny days. For social gatherings, the clubhouse and party room are perfect spots to meet friends and family, making every event special. Plus, biking enthusiasts will relish the bike room and nearby trails, blending fun and fitness seamlessly.

Next

Amenities Description

Living at 5040 Arbor Ln means taking advantage of an array of fabulous amenities tailored for your lifestyle. Picture yourself unwinding in the rejuvenating spa or hot tub after a long day, or getting your heart pumping in the on-site exercise room. The indoor pool offers a fantastic escape during the colder months, while the sundeck beckons for those sunny days. For social gatherings, the clubhouse and party room are perfect spots to meet friends and family, making every event special. Plus, biking enthusiasts will relish the bike room and nearby trails, blending fun and fitness seamlessly.

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

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Indoor Pool

Indoor Pool

Security Door Lock(s)

Security Door Lock(s)

Sundeck

Sundeck

Patio

Patio

Spa/Hot Tub

Spa/Hot Tub

Clubhouse

Clubhouse

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

One aspect you’ll love about this community is its friendly pet policy. While cats are welcome here, the building is designed to ensure a peaceful environment for all residents, setting a friendly tone when it comes to living alongside your furry friends.

Pet Allowed
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)
5040 Arbor Ln$379/sqft.$3 /sqft.
Meadowlake$314/sqft.$3 /sqft.
5020 Arbor Ln$314/sqft.$3 /sqft.
Meadowlake$286/sqft.$3 /sqft.
4030 Arbor Ln$286/sqft.$3 /sqft.
Meadowlake$326/sqft.$3 /sqft.

Nearby Schools

Residents of 5040 Arbor Ln enjoy access to nearby educational institutions across Northfield. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

New Trier Township High School Northfield

--
Public|Grades 9–9
7 Happ Rd|0.22 miles away

Middlefork Primary School

--
Public|Grades KG–3
405 Wagner Rd|0.98 miles away

Winnetka Covenant Church-Preschool

--
Public|Grades –
1200 Hibbard Rd|0.99 miles away

Hyde Park Day School Northfield

--
Private|Grades 1–8
1980 Old Willow Rd|0.99 miles away

Northfield Community Nursery School

--
Public|Grades PK–PK
400 Wagner Rd|0.99 miles away

Avoca West Elementary School

A+
Public|Grades KG–5
235 Beech Dr|1.09 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Residents of 5040 Arbor Ln enjoy access to nearby educational institutions across Northfield. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

New Trier Township High School Northfield

--
Public|Grades 9–9
7 Happ Rd|Less than 1 Mile Away

Middlefork Primary School

--
Public|Grades KG–3
405 Wagner Rd|Less than 1 Mile Away

Winnetka Covenant Church-Preschool

--
Public|Grades –
1200 Hibbard Rd|Less than 1 Mile Away

Hyde Park Day School Northfield

--
Private|Grades 1–8
1980 Old Willow Rd|Less than 1 Mile Away

Northfield Community Nursery School

--
Public|Grades PK–PK
400 Wagner Rd|Less than 1 Mile Away

Avoca West Elementary School

A+
Public|Grades KG–5
235 Beech Dr|1.09 Miles Away

Marie Murphy School

A
Public|Grades 6–8
2921 Illinois Rd|1.17 Miles Away

Pleasant Ridge Elementary School

B+
Public|Grades 3–5
1730 Sunset Ridge ...|1.26 Miles Away

Crow Island Elementary School

A
Public|Grades KG–4
1112 Willow Rd|1.28 Miles Away

Carleton W Washburne School

A+
Public|Grades 7–8
515 Hibbard Rd|1.31 Miles Away

The Skokie School

A+
Public|Grades 5–6
520 Glendale Ave|1.44 Miles Away

Sunset Ridge Elementary School

A+
Public|Grades 4–8
525 Sunset Ridge R...|1.46 Miles Away

Christian Heritage Academy

--
Private|Grades PK–12
315 Waukegan Rd|1.60 Miles Away

Regina Dominican High School

--
Private|Grades 9–12
701 Locust Rd|1.67 Miles Away

Romona Elementary School

A+
Public|Grades PK–4
600 Romona Rd|1.68 Miles Away

Lyon Elementary School

--
Public|Grades PK–2
1335 Waukegan Rd|1.72 Miles Away

Harper Elementary School

B
Public|Grades KG–4
1101 Dartmouth St|1.73 Miles Away

Wilmette Junior High School

B+
Public|Grades 7–8
620 Locust Rd|1.82 Miles Away

Open Arms Christian Child Development Center

--
Private|Grades PK–TKG
1850 Chestnut Ave|1.85 Miles Away

The School of Saints Faith, Hope & Charity

--
Private|Grades KG–8
180 Ridge Ave|1.86 Miles Away

Hubbard Woods Elementary School

A
Public|Grades KG–4
1110 Chatfield Rd|1.94 Miles Away

Transit

5040 Arbor Ln enjoys proximity to 50+ public transit options throughout Northfield. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

Central Ave & Cherry St

0.84 miles away|17 min walk

Elm St & Birch St

1.87 miles away|36 min walk

Elm St & Chestnut St

1.96 miles away|38 min walk

Elm St & Glendale Ave

1.49 miles away|29 min walk

Elm St & Green Bay Rd (at Chestnut St)

1.94 miles away|38 min walk

Elm St & Hibbard Rd

1.32 miles away|26 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

5040 Arbor Ln enjoys proximity to 50+ public transit options throughout Northfield. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

Central Ave & Cherry St

0.84 miles away|17 min walk

Elm St & Birch St

1.87 miles away|36 min walk

Elm St & Chestnut St

1.96 miles away|38 min walk

Elm St & Glendale Ave

1.49 miles away|29 min walk

Elm St & Green Bay Rd (at Chestnut St)

1.94 miles away|38 min walk

Elm St & Hibbard Rd

1.32 miles away|26 min walk

Elm St & Locust St

1.66 miles away|32 min walk

Elm St & Provident Ave

1.76 miles away|34 min walk

Elm St & Rosewood Ave

1.58 miles away|31 min walk

Glenview Chatham

1.87 miles away|36 min walk

Glenview Club Circle

1.85 miles away|36 min walk

Glenview Coronet

1.69 miles away|33 min walk

Glenview Drake

1.88 miles away|37 min walk

Glenview Glenayre

1.81 miles away|35 min walk

Glenview/Harms

1.6 miles away|31 min walk

Glenview Lenox

1.77 miles away|34 min walk

Glenview N. Glenayre

1.82 miles away|35 min walk

Glenview N.S. Country Club

1.88 miles away|37 min walk

Glenview Raleigh

1.97 miles away|38 min walk

Glenview Surrey

1.75 miles away|34 min walk

Glenview Thornwood

1.88 miles away|37 min walk

Glenview Wagner

1.71 miles away|33 min walk

Glenview Windsor

1.73 miles away|34 min walk

Glenview Woodmere

1.66 miles away|32 min walk

Happ Rd & Arbor Ln

0.11 miles away|3 min walk

Happ Rd & Colonial Ln

0.33 miles away|7 min walk

Happ Rd & Harding Rd

0.26 miles away|6 min walk

Happ Rd & Holder Dr

0.38 miles away|8 min walk

Happ Rd & Illinois Rd

0.46 miles away|9 min walk

Happ Rd & Mt Pleasant St

0.51 miles away|10 min walk

Happ Rd & New Trier West H.S.

0.14 miles away|3 min walk

Happ Rd & Orchard Ln

0.62 miles away|12 min walk

Happ Rd & Willow Rd

0.69 miles away|14 min walk

Happ Rd & Winnetka Rd

0.18 miles away|4 min walk

Harms/Glenview

1.6 miles away|31 min walk

Hibbard Ave & Barclay Ln

1.49 miles away|29 min walk

Hibbard Rd & Ash St

1.1 miles away|22 min walk

Hibbard Rd & Central Ave

1.48 miles away|29 min walk

Hibbard Rd & Cherry St

1.18 miles away|23 min walk

Hibbard Rd & Elm St

1.27 miles away|25 min walk

Hibbard Rd & Oak St

1.24 miles away|24 min walk

Hibbard Rd & Willow Rd

1.08 miles away|21 min walk

Illinois Rd & Happ Rd

0.48 miles away|10 min walk

Illinois Rd & Laramie Ave

0.58 miles away|12 min walk

Illinois Rd & Manor Dr

0.52 miles away|10 min walk

Illinois Rd & N Branch Dr

0.56 miles away|11 min walk

Illinois Rd & New Trier Ct

0.49 miles away|10 min walk

Illinois Rd & North Branch Dr

0.56 miles away|11 min walk

Lake Ave & Edens Plaza

1.05 miles away|21 min walk

Lake Ave & Laramie Ave

0.93 miles away|18 min walk

The Neighbourhood: 5040 Arbor Ln

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5040 Arbor Ln Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 21.75% are children aged 0–14, 14.15% are young adults between 15–29, 12.08% are adults aged 30–44, 24.37% are in the 45–59 range and 27.65% are seniors aged 60 and above. Commuting options are also varying where 63.85% of residents relying on driving, while others prefer public transit around 10.83%, walking around 1.98%, biking around 0.18%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 91.61% of units owner occupied and 8.39% are rented. The neighborhood offers different household types. About 41.59% are single family homes and 11.18% are multi family units. Around 15.03% are single-person households, while 84.97% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 42.36% of residents have bachelor’s degrees. Around 4.25% have high school or college education. Another 4.5% hold diplomas while 37.14% have completed postgraduate studies. The remaining are 11.74% 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 21.75% are children aged 0–14, 14.15% are young adults between 15–29, 12.08% are adults aged 30–44, 24.37% are in the 45–59 range and 27.65% are seniors aged 60 and above. Commuting options are also varying where 63.85% of residents relying on driving, while others prefer public transit around 10.83%, walking around 1.98%, biking around 0.18%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 91.61% of units owner occupied and 8.39% are rented. The neighborhood offers different household types. About 41.59% are single family homes and 11.18% are multi family units. Around 15.03% are single-person households, while 84.97% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 42.36% of residents have bachelor’s degrees. Around 4.25% have high school or college education. Another 4.5% hold diplomas while 37.14% have completed postgraduate studies. The remaining are 11.74% with other types of qualifications.

Age Demographics

0–14 Years

21.75%

15–29 Years

14.15%

30–44 Years

12.08%

45–59 Years

24.37%

60+ Years

27.65%

Commute

10.83%

Transit

1.98%

Walk

63.85%

Drive

0.18%

Bike

Housing Ownership

91.61%

Owner Occupied

8.39%

Rental Units

Household Types

Single Family
41.59%
Multi Family
11.18%
Single Person
15.03%
Multi Person
84.97%

Average Income

Household:$16,602,683.77 /yr

Individual:$9,984,525.73 /yr

Education

Bachelors Degree42.36%
High School College4.25%
Diploma4.5%
Post Graduate37.14%
Others11.74%
Next

Education

Diploma4.5%
Post Graduate37.14%
Others11.74%
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    5040 Arbor Ln
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