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Knollwood, IL Multifamily Home for Sale

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    $1,500,000

    • 5,729 Sq Ft

    511 Rockland Rd, Lake Bluff, IL 60044

    Value Is In The Land For Redevelopment. Tenant Occupied. Consists Of 8 Skokie Valley Road Office Building, The Sunset Motel Located At 511 Rockland Road And One Single Family Home Located At 11 Shagbark Road listed for $475,000. Owner prefers to sell the lot/home at 11 Shagbark with this listing at 511 Rockland Road listed at $1,500,000. Sunset Motel Is Currently Open And Operating. Office

    John Josephitis Coldwell Banker Realty

    511 Rockland Rd, Lake Bluff, IL 60044

Why Live in Knollwood

Knollwood, located just three miles from Lake Michigan's western shore in the Lake Bluff area of Illinois, is a small community with fewer than 2,000 residents. Known for its privacy, the area features homes on half-acre lots surrounded by mature trees and lush gardens. Home styles range from 1950s and 1970s constructions to recently renovated craftsman-style houses, with prices significantly above the state and national averages. The community is served by highly rated schools, including Lake Bluff Elementary School, Lake Bluff Middle School, and Lake Forest High School, which is noted for its excellent academic reputation. Residents enjoy access to local parks such as West School, Sanctuary, and Knollwood parks, which offer playgrounds and sports facilities. The Knollwood Club provides a private country club experience with a golf course, swimming pool, and social events. For shopping and dining, Heinen’s Grocery Store and Target are conveniently located less than a mile away, while nearby Lake Forest and Waukegan offer additional options. Knollwood is safer than the national average, with a crime rate lower than many other areas. The community is 35 miles from downtown Chicago, accessible via Interstate 94 or a short drive to the Lake Forest Metra station for train service.

Home Trends in Knollwood, IL

Housing Trends

Median Sale Price
$445,000
Median Single Family Sale Price
$465,000
Median 2 Bedroom Sale Price
$219,900
Average Price Per Sq Ft
$236
Number of Homes for Sale
4
Last 12 months Home Sales
11
Months of Supply
4.40
Median List Price
$475,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%
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