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Knollwood 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, a small neighborhood in Lake Bluff, is situated just three miles from Lake Michigan's western shore and is home to fewer than 2,000 residents. This quiet community is characterized by homes on half-acre lots shaded by mature trees, with many featuring flower gardens. Privacy is a key feature, with lush greenery providing a natural divide between properties. The neighborhood's homes, primarily built between the 1950s and 1970s, range from $120,000 fixer-uppers to $750,000 renovated craftsman-style houses. Knollwood is served by highly rated schools, including Lake Bluff Elementary School, Lake Bluff Middle School, and Lake Forest High School, all of which have impressive ratings. Residents enjoy local amenities such as West School, Sanctuary, and Knollwood parks, which offer playgrounds and sports facilities. The Knollwood Club, a premier private country club, features an 18-hole golf course, swimming pool, and a variety of social events. For outdoor enthusiasts, nearby nature preserves like Wilmot Woods and Independence Grove provide miles of wooded trails. Essential shopping is convenient with Heinen’s Grocery Store and Target less than a mile away, and additional shopping and dining options are available in downtown Waukegan and Lake Forest. Knollwood is safer than the national average, with a crime and safety score significantly lower than the country's average. The neighborhood is well-connected, with Interstate 94 providing a 35-mile drive to downtown Chicago and the Lake Forest Metra station offering an hour-long train ride to the city.

Home Trends in Knollwood, IL

Housing Trends

Median Sale Price
$425,000
Median Single Family Sale Price
$512,500
Median Townhouse Sale Price
$230,000
Median 2 Bedroom Sale Price
$235,500
Average Price Per Sq Ft
$258
Number of Homes for Sale
7
Last 12 months Home Sales
21
Months of Supply
4.00
Median List Price
$524,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
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