501 Oakwood Ave
Lake Forest, IL 60045
2 bd 2 ba 1,500 sqft Built 1977 condos
Most recent sale
$580,000
Apr 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 19, 2024 | Sold | $800,000 | MRED |
| Apr 29, 2022 | Sold | $580,000 | MLS #11339484 |
| Mar 4, 2022 | Listing removed | $625,000 | MRED |
| Mar 4, 2022 | Listed | $625,000 | MLS #11339484 |
| Jan 18, 2022 | Listed | $625,000 | MLS #11306673 |
| Oct 23, 2017 | Sold | $525,000 | MLS #09678489 |
| Sep 17, 2017 | Relisted | $539,000 | MLS #09678489 |
| Aug 27, 2017 | Listing removed | $539,000 | MRED |
| Jul 4, 2017 | Listed | $539,000 | MLS #09678489 |
| Sep 15, 2015 | Sold | $392,500 | MLS #08813436 |
| Apr 17, 2015 | Sold | $392,500 | Public Record |
| Feb 9, 2015 | Price changed | $439,000 | MLS #08813436 |
| Jan 9, 2015 | Listed | $475,000 | MLS #08813436 |
| Aug 23, 1994 | Sold | $377,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $182,106 | $20,555 | $202,661 | $11,198 |
| 2023 | $175,456 | $19,804 | $195,260 | $10,824 |
| 2022 | $128,213 | $14,472 | $142,685 | $8,253 |
| 2021 | $127,107 | $14,347 | $141,454 | $8,021 |
| 2020 | $127,810 | $14,426 | $142,236 | $7,843 |
| 2019 | $125,464 | $14,161 | $139,625 | $7,450 |
| 2018 | $127,434 | $15,514 | $142,948 | $7,260 |
| 2017 | $125,304 | $15,255 | $140,559 | $7,016 |
| 2016 | $119,269 | $14,520 | $133,789 | $6,717 |
| 2015 | $112,306 | $13,672 | $125,978 | $6,627 |
| 2014 | $112,306 | $13,672 | $125,978 | $5,222 |
| 2013 | $85,561 | $13,439 | $99,000 | $5,164 |
| 2012 | $107,828 | $14,065 | $121,893 | $5,075 |
| 2011 | $114,759 | $14,969 | $129,728 | $5,707 |
| 2010 | $108,860 | $18,412 | $127,272 | $5,158 |
| 2009 | $118,882 | $20,107 | $138,989 | $5,192 |
| 2008 | $121,259 | $20,509 | $141,768 | $5,124 |
| 2007 | $118,002 | $19,958 | $137,960 | $4,890 |
| 2006 | $118,148 | $13,428 | $131,576 | $4,723 |
Property facts
Year built
1977
Property type
condos
Stories
3
Beds
2
Baths
2
Living area
1,500 sqft
Lot size
—
ZIP code
60045
City
Lake Forest
Street
Oakwood Ave
Coordinates
42.24897, -87.84072
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,700
Gross rental yield
5.59%
Implied cap rate
3.63%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Oakwood Ave last sell?
501 Oakwood Ave most recently sold on Apr 29, 2022 for $580,000.
What is the current tax assessment for 501 Oakwood Ave?
The most recent total assessment for 501 Oakwood Ave (year 2024) is $202,661 with $11,198 in property tax.
How does 501 Oakwood Ave's assessment compare to its last sale price?
The current assessment is 65.1% below the last sale price of $580,000.
When was 501 Oakwood Ave built?
501 Oakwood Ave was built in 1977.
How does 501 Oakwood Ave compare to others on Oakwood Ave?
We track 8 other properties on Oakwood Ave. Browse the list under "Other properties on Oakwood Ave" to compare beds, baths, and sale history.
What are the property facts for 501 Oakwood Ave?
501 Oakwood Ave is a 2 bed, 2 bath, 1,500 sqft condos.
Is 501 Oakwood Ave a flip candidate?
Yes — 501 Oakwood Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 501 Oakwood Ave a tax-appeal candidate?
No — 501 Oakwood Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.3%
Implied 1-yr
-1.1%
2026 Q3
$1.19M
2026 Q4
$1.19M
ZIP 60045 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Oakwood Ave