501 Inverway is a 2,493 square foot house on a 0.97 acre lot with 3 bedrooms and 2.5 bathrooms. - it last sold on July 21, 1982 for $205,000. Based on Redfin's Inverness data, we estimate the home's value is $860,705.
Single-familyProperty Type
1940Year Built
0.97 acresLot Size
$345Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$860,705
$656K since sold in July 1982$62K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 25.9% higher than the average sale price ($683K) of 5 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Permits
Oct 31, 2022 • Final
Residential
Perform additions and remodeling work on the building.
Addition
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Finish: Unfinished
Basement Type: Partial
Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 2
Has Fireplace
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Ranch
Exterior Wall: Masonry
Building Type: Residential
Property Information
Subdivision Name: MEADOWS
Living Sq. Ft: 2,493
# of Stories: 1
Stories Type: 1 1/2
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Detached Garage
Garage / Carport Type: Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 42,427
Legal Lot Number: 29
Acres: 0.974
County Use Description: RESID 1 STORY
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 2.5
Sq. Ft.: 2,493
Stories: 1.0
Lot Size: 0.97 acres
Style: Single Family Residential
Year Built: 1940
Year Renovated: —
County: Cook County
APN: 02172050080000
Home facts updated by county records on Sep 15, 2026
Around this home
Schools
Marion Jordan Elementary School
Public K-5 • Assigned • 0.9mi
8/10
Wm Fremd High School
Public 9-12 • Assigned • 2.0mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Inverness, IL • 60067
Average low and high temperatures (°F)
29
15
37
22
54
34
62
43
69
49
81
63
85
68
81
64
78
58
67
49
50
37
35
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
10.2 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$818,000 – $990,000
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