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  3. Schaumburg, IL
  4. /
  5. Lakewood Condominium
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Lakewood Condominium

733 Limerick Lane, Schaumburg, IL, 60193
Lakewood Condominium

YEAR BUILT

1976

# STORIES

3

# TOTAL UNITS

9

UNIT SIZE RANGE

1,050-1,150 sqft

Description

The Lakewood Condominium sits on Limerick Lane in Schaumburg. This low-rise building has 3 stories and contains 9 units. Built in 1976, this structure offers a solid option for buyers looking for comfortable living spaces. Each unit features 2 bedrooms with sizes ranging from 1,050 to 1,150 square feet. Recent sales show prices between $191,000 and $216,000. This makes the average price about $216,000, translating to around $197 per square foot, which is helpful for understanding value. On average, homes here remain on the market for about 63 days. This timeframe gives buyers a fair chance to explore their choices. The area has various amenities like a park, tennis courts, and a pool, adding to the lifestyle appeal. Nearby, residents can find Frato's Eatery and Bisi African Restaurant for dining options. For grocery needs, Royal Grocery is just a short distance away. These locations enhance daily living and make it easier to enjoy the neighborhood. Parking is available, which can be a bonus in this community. Living here provides a mix of relaxation and recreational options. Quick access to local roads makes commuting around Schaumburg simple and efficient. This building offers a welcoming ambiance and a friendly neighborhood feel. The layout encourages a balanced lifestyle, blending comfort and convenience. It sits conveniently close to facilities, making it an attractive choice for potential buyers.

Building ImageMLS ID #12183061
Building ImageMLS ID #12127849
Building Image
Building ImageView Listing

Lakewood Condominium

733 Limerick Lane, Schaumburg, IL, 60193


Lakewood Condominium

YEAR BUILT

1976

# STORIES

3

# TOTAL UNITS

9

UNIT SIZE RANGE

1,050-1,150 sqft

Description

The Lakewood Condominium sits on Limerick Lane in Schaumburg. This low-rise building has 3 stories and contains 9 units. Built in 1976, this structure offers a solid option for buyers looking for comfortable living spaces. Each unit features 2 bedrooms with sizes ranging from 1,050 to 1,150 square feet. Recent sales show prices between $191,000 and $216,000. This makes the average price about $216,000, translating to around $197 per square foot, which is helpful for understanding value. On average, homes here remain on the market for about 63 days. This timeframe gives buyers a fair chance to explore their choices. The area has various amenities like a park, tennis courts, and a pool, adding to the lifestyle appeal. Nearby, residents can find Frato's Eatery and Bisi African Restaurant for dining options. For grocery needs, Royal Grocery is just a short distance away. These locations enhance daily living and make it easier to enjoy the neighborhood. Parking is available, which can be a bonus in this community. Living here provides a mix of relaxation and recreational options. Quick access to local roads makes commuting around Schaumburg simple and efficient. This building offers a welcoming ambiance and a friendly neighborhood feel. The layout encourages a balanced lifestyle, blending comfort and convenience. It sits conveniently close to facilities, making it an attractive choice for potential buyers.

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Description

The Lakewood Condominium sits on Limerick Lane in Schaumburg. This low-rise building has 3 stories and contains 9 units. Built in 1976, this structure offers a solid option for buyers looking for comfortable living spaces. Each unit features 2 bedrooms with sizes ranging from 1,050 to 1,150 square feet. Recent sales show prices between $191,000 and $216,000. This makes the average price about $216,000, translating to around $197 per square foot, which is helpful for understanding value. On average, homes here remain on the market for about 63 days. This timeframe gives buyers a fair chance to explore their choices. The area has various amenities like a park, tennis courts, and a pool, adding to the lifestyle appeal. Nearby, residents can find Frato's Eatery and Bisi African Restaurant for dining options. For grocery needs, Royal Grocery is just a short distance away. These locations enhance daily living and make it easier to enjoy the neighborhood. Parking is available, which can be a bonus in this community. Living here provides a mix of relaxation and recreational options. Quick access to local roads makes commuting around Schaumburg simple and efficient. This building offers a welcoming ambiance and a friendly neighborhood feel. The layout encourages a balanced lifestyle, blending comfort and convenience. It sits conveniently close to facilities, making it an attractive choice for potential buyers.

Lakewood Condominium Key Stats Last 12 months

Avg. Listed Price$199,500($182/Sqft.)

Avg. Sale Price$216,000($197/Sqft.)
Year over year list priceUp Arrow5.17%

Year over year sale priceUp Arrow 20.67%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market63 days

Average HOA fees per sqft$3 /monthly
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Key Stats

Year over year list priceUp Arrow5.17%

Year over year sale priceUp Arrow20.67%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market63 days

Average HOA fees per sqft$3 /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

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

Lakewood Condominium Sold Listings

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 1C1C110022632024-12-10
MLS#: 12183061
Closed$216,000
Unit 3A3A110022342024-08-29
MLS#: 12122021
Closed$185,000
Unit 1C1C100022172024-08-19
MLS#: 12127849
Closed$161,000
Unit 1B1B-22382024-07-12
MLS#: 12073698
Closed$191,000
Unit 1B
1B

2 Beds

2 Baths

0 sqft


DateStatusPrice
2024-07-12Closed$191,000
MLS#: 12073698
Days On Market38
Unit 1C
1C

2 Beds

2 Baths

1100 sqft


DateStatusPrice
2024-12-10Closed$216,000
MLS#: 12183061
Days On Market63
Unit 1C
1C

2 Beds

2 Baths

1000 sqft


DateStatusPrice
2024-08-19Closed$161,000
MLS#: 12127849
Days On Market17
Unit 3A
3A

2 Beds

2 Baths

1100 sqft


DateStatusPrice
2024-08-29Closed$185,000
MLS#: 12122021
Days On Market34
View Complete Unit Listing HistorySource By: MRED

Amenities

Lakewood doesn’t just offer great living spaces; it also comes packed with fantastic amenities that everyday life can be built around. Picture yourself unwinding after a long day with a refreshing dip in the pool or engaging in some friendly competition on the tennis courts. For those more active days, enjoy the extensive bike trails nearby. If you're a social butterfly, the party room is perfect for hosting friends or family gatherings, and the park offers a beautiful natural backdrop for leisurely strolls or weekend picnics.

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Amenities Description

Lakewood doesn’t just offer great living spaces; it also comes packed with fantastic amenities that everyday life can be built around. Picture yourself unwinding after a long day with a refreshing dip in the pool or engaging in some friendly competition on the tennis courts. For those more active days, enjoy the extensive bike trails nearby. If you're a social butterfly, the party room is perfect for hosting friends or family gatherings, and the park offers a beautiful natural backdrop for leisurely strolls or weekend picnics.

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

Pool

Pool

In Ground Pool

In Ground Pool

Above Ground Pool

Above Ground Pool

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Tennis Court(s)

Tennis Court(s)

Patio

Patio

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

Being informed about building policies is a key part of condo living. At Lakewood, you’ll find that pet lovers are welcome, as both cats and dogs are allowed—with a few stipulations like pet rent and size limits. However, do note that there might be a number limit when it comes to pets. To reserve your unit, a deposit is required, ensuring commitment and peace of mind for everyone involved.

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Amenities Description

Being informed about building policies is a key part of condo living. At Lakewood, you’ll find that pet lovers are welcome, as both cats and dogs are allowed—with a few stipulations like pet rent and size limits. However, do note that there might be a number limit when it comes to pets. To reserve your unit, a deposit is required, ensuring commitment and peace of mind for everyone involved.

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)
Lakewood Condominium$197/sqft.$3 /sqft.
Lakewood Condominium$189/sqft.$2 /sqft.
Lakewood Condominium$182/sqft.$2 /sqft.
Lakewood Condominium$207/sqft.$2 /sqft.
721 Limerick Ln$182/sqft.$2 /sqft.
725 Limerick Ln$207/sqft.$2 /sqft.

Nearby Schools

Hadi School of Excellence

--
Private|Grades PK–8
375 S Roselle Rd|0.56 miles away

Everett Dirksen Elementary School

A-
Public|Grades KG–6
116 W Beech Dr|0.61 miles away

Robert Frost Jr High School

A-
Public|Grades 7–8
320 W Wise Rd|0.68 miles away

Michael Collins Elementary School

A+
Public|Grades KG–6
407 Summit Dr|0.73 miles away

Buzz Aldrin Elementary School

B
Public|Grades KG–6
617 Boxwood Dr|0.77 miles away

St Peter Lutheran School

--
Private|Grades PK–8
208 E Schaumburg R...|1.17 miles away
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Schools

arrow rightWhat to know about schoolsarrow right
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Description

Hadi School of Excellence

--
Private|Grades PK–8
375 S Roselle Rd|Less than 1 Mile Away

Everett Dirksen Elementary School

A-
Public|Grades KG–6
116 W Beech Dr|Less than 1 Mile Away

Robert Frost Jr High School

A-
Public|Grades 7–8
320 W Wise Rd|Less than 1 Mile Away

Michael Collins Elementary School

A+
Public|Grades KG–6
407 Summit Dr|Less than 1 Mile Away

Buzz Aldrin Elementary School

B
Public|Grades KG–6
617 Boxwood Dr|Less than 1 Mile Away

St Peter Lutheran School

--
Private|Grades PK–8
208 E Schaumburg R...|1.17 Miles Away

Thomas Dooley Elementary School

A+
Public|Grades KG–6
622 Norwood Ln|1.26 Miles Away

The District 54 Early Learning Center

--
Public|Grades PK–PK
520 E Schaumburg R...|1.29 Miles Away

Frederick Nerge Elementary School

A-
Public|Grades KG–6
660 N Woodfield Tr...|1.31 Miles Away

Schaumburg Christian School

--
Private|Grades PK–12
200 N Roselle Rd|1.31 Miles Away

Margaret Mead Jr High School

A
Public|Grades 7–8
1765 Biesterfield ...|1.42 Miles Away

Childrens Christian Learning Center

--
Private|Grades PK–KG
1900 Nerge Rd|1.57 Miles Away

Schaumburg High School

A
Public|Grades 9–12
1100 W Schaumburg ...|1.65 Miles Away

Lincoln Academy

--
Public|Grades –
320 Lincoln St|1.68 Miles Away

Nathan Hale Elementary School

A
Public|Grades KG–6
1300 W Wise Rd|1.70 Miles Away

Enders-Salk Elementary School

B
Public|Grades KG–6
345 N Salem Dr|1.72 Miles Away

J B Conant High School

A-
Public|Grades 9–12
700 E Cougar Trl|1.84 Miles Away

Fairview Elementary School

A-
Public|Grades KG–6
375 Arizona Blvd|1.87 Miles Away

St Hubert School

--
Private|Grades PK–8
255 Flagstaff Ln|1.89 Miles Away

Lakeview Elementary School

B
Public|Grades KG–6
615 Lakeview Ln|1.92 Miles Away

Transit

No Transit Data Available

The Neighbourhood: Lakewood Condominium

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Lakewood Condominium Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 20.01% are children aged 0–14, 11.75% are young adults between 15–29, 21.54% are adults aged 30–44, 21.49% are in the 45–59 range and 25.21% are seniors aged 60 and above. Commuting options are also varying where 85.03% of residents relying on driving, while others prefer public transit around 2.27%, walking around 0.66%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 71.37% of units owner occupied and 28.63% are rented. The neighborhood offers different household types. About 28.29% are single family homes and 6.09% are multi family units. Around 32.46% are single-person households, while 67.54% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 25.63% of residents have bachelor’s degrees. Around 23.52% have high school or college education. Another 7.29% hold diplomas while 17.28% have completed postgraduate studies. The remaining are 26.29% 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 20.01% are children aged 0–14, 11.75% are young adults between 15–29, 21.54% are adults aged 30–44, 21.49% are in the 45–59 range and 25.21% are seniors aged 60 and above. Commuting options are also varying where 85.03% of residents relying on driving, while others prefer public transit around 2.27%, walking around 0.66%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 71.37% of units owner occupied and 28.63% are rented. The neighborhood offers different household types. About 28.29% are single family homes and 6.09% are multi family units. Around 32.46% are single-person households, while 67.54% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 25.63% of residents have bachelor’s degrees. Around 23.52% have high school or college education. Another 7.29% hold diplomas while 17.28% have completed postgraduate studies. The remaining are 26.29% with other types of qualifications.

Age Demographics

20.01% (0 - 14 years old)

11.75% (15 - 29 years old)

21.54% (30 - 44 years old)

21.49% (45 - 59 years old)

25.21% (60+ years old)

Commute

2.27%

Transit

0.66%

Walk

85.03%

Drive

0%

Bike

Housing Ownership

71.37%

Owner Occupied

28.63%

Rental Units

Household Types

28.29%

Single Family

6.09%

Multi Family

32.46%

Single Person

67.54%

Multi Person

Education

Bachelors Degree25.63%
High School College23.52%
Diploma7.29%
Post Graduate17.28%
Others26.29%
Next

Education

Diploma7.29%
Post Graduate17.28%
Others26.29%
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  1. Home
  2. /Schaumburg, IL
  3. /
    Lakewood Condominium
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