$400,536Average Value$197Average Price per Sq Ft10Homes For Sale
Lakes and ponds anchor Virginia Lake neighborhood
Virginia Lake, located in the northwest Palatine suburbs of Chicago, is sandwiched between two nature preserves, with plenty of green and blue space in between. Named after the largest recreational lake in the neighborhood—one of several bodies of water—Virginia Lake offers families access to highly rated schools and a range of housing options.
From condos and townhouses for renters and investors to waterfront split-levels for those who love a view, many neighborhoods surround a pond or lake. Virginia Lake draws residents from around the world, with a strong multicultural community.
Many single-family Virginia Lake homes include a garage.
Homes surround neighborhood ponds and lakes
Virginia Lake has a balance of single-family ranches and split-levels, as well as condos and townhouse units for sale. While most who buy single-family homes live in the neighborhood themselves, some who invest in condos rent them to other tenants. Two-bedroom units typically sell for around $200,000, and waterfront homes, most of which include a garage, sell for between $400,000 and $600,000. Real estate in Virginia Lake doesn’t linger on the market for long; single-family homes, most built in the 1970s onward, go fast, as do condos. “The condos are very rentable,” says Galya Georgieva, a Coldwell Banker Haynes Realty agent, who owns rental property nearby. “There are no vacancies there.”
Culturally responsive schools attract families
Virginia Lake’s quality schools are a big draw for families with children. Kids can attend Virginia Lake Elementary School from prekindergarten until sixth grade, awarded a B-plus from Niche, before moving on to Winston Campus Junior High School, which receives a B-minus. Given the community’s diverse international population, Virginia Lake Elementary School uses Culturally and Linguistically Responsive Teaching to empower its students to succeed academically while validating their home language and culture. They can finish their secondary education at Palatine High School, which receives a grade of A and accepted a Blue Ribbon Award from the United States Department of Education.
Children can attend Virginia Lake Elementary School.
Virginia Lake teenagers can go to Palatine High School.
Palatine High School offers several recreational facilities.
1/3
Bike trail runs from park to preserve
Virginia Lake is teeming with opportunities to enjoy nature. There’s Celtic Park on the north side of the neighborhood, which features a soccer field, a playground as well as a small pond next to the high school. Sycamore Park, next to the Spinnaker Cove neighborhood, in the south, features tennis and pickleball courts, as well as a softball field. Palatine Bike trail runs through the park, offering hikers and bikers a safe way to explore the area from the main thoroughfare, Dundee Road, to the Winston Park Northeast neighborhood.
Small retention ponds that manage the Chicago area’s high rainfall dot the neighborhood, around which condominium complexes and cul-de-sacs with single-family homes are situated. Residents can stroll around the smaller ponds, and swim or fish in Virginia Lake. For a more immersive nature experience, residents can frequent the nearby Deer Grove East nature preserve. “It’s really nice,” says Matt Hernacki, a real estate agent with MisterHomes, who specializes in the Northwest suburbs of Chicago. “It has a paved hiking trail, a mountain biking trail and campsites.”
Sycamore Park features tennis courts.
Residents can fish in Virginia Lake.
1/2
Culturally diverse food next to American retail
Virginia Lake features two shopping centers with several big-box stores. From Ross Dress for Less, TJ Maxx, HomeGoods, Target and Hobby Lobby, for everything home and closet, to Aldi, Jewel-Osco and Walmart for grocery needs, while adjacent Park Place Shopping Center and Deer Grove Centre supply the neighborhood. While there are several fast-food restaurants, Jameson’s Charhouse, across the expressway, in Arlington Heights, serves prime-cut steak and other high-end dishes. The two main shopping plazas offer culturally diverse bites between shopping trips with restaurants like Kosta’s Gyros, Thai House Restaurant and Islas Veracruz.
Deer Grove Center features Jewel-Osco for grocery shopping in Virginia Lake.
Park Place Shopping Center in Virginia Lake includes a Goodwill store.
Virginia Lake residents can get food from Kosta's Gyros at Deer Grove Center.
1/3
Close to Downtown Palatine and Chicago
Virginia Lake is a true suburb—most residents rely on cars to travel in and out of the neighborhood. Bordered by Route 53, which eventually becomes Interstate 290 and feeds into Chicago proper, Virginia Lakes is about a 40-minute commute to the city center. Residents can also travel to Downtown Palatine using Hicks Road, which borders the neighborhood to the west. There, the Palatine Metra Station takes commuters to Downtown Chicago.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Erin Koertgen,
an experienced agent in this neighborhood.
Parks in this Area
Doug Lindberg Park
Baseball/Softball
Bike Trails
Picnic Area
Eagle Park
Baseball/Softball
Bike Trails
Picnic Area
Sycamore Park
Baseball/Softball
Bike Trails
Football
Lindberg Park
Baseball/Softball
Bike Trails
Picnic Area
Palatine Trail
Bike Trails
Trails
Evergreen Park
Heron Creek Forest Preserve
Transit
Airport
Chicago O'Hare International
27 min drive
Bus
Rand & 1585 Rand
Bus
Rand & 975 Dundee
Bus
Rand & Claremont & Long Valley
Bus
Rand & Williams
Bus
Rand & Port O Call (E)
Bus
Rand & Williams & Baldwin
Bus
Rand & Baldwin
Crime and Safety
1 - Low Crime, 10 - High Crime
Virginia Lake
US
Homicide
4
4
Sexual Assault
4
4
Assault with Weapon
4
4
Robbery
4
4
Burglary
4
4
Motor Vehicle Theft
5
4
Larceny
4
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Virginia Lake, Palatine sell after 13 days on the market compared to the national average of 47 days. The average sale price for homes in Virginia Lake, Palatine over the last 12 months is $262,514, up 18% from the average home sale price over the previous 12 months.
Great 2 bedroom condo with washer / dryer in unit! Light and bright 2nd floor unit. Living room with sliders to balcony overlooking courtyard. Master bedroom with large walk in closet. White kitchen with updated cabs and ceiling fan. Great location, close to 53, expressways and shopping center. Water included in rent. Storage locker. Pics are from before current tenant. No investors pls-must be
Completely Updated home within the past 7 years in Concord Mills Subdivision. 3 Bedrooms + a Loft (closet already installed can be a 4th bedroom) & 2.2 Bathrooms & finished basement with wet bar & 3 car garage. Professionally landscaping with fenced yard. Interior Updates: Kitchen - 42 inches cabinets, granite countertops, custom backsplash, S/S appliances, bathrooms - ceramic tiles, vanities,
Brian ZilinskasBerkshire Hathaway HomeServices American Heritage
Welcome home to this nicely updated 1-bedroom, 1-bath condo located on the desirable first floor of a well-maintained 3-story building. Enjoy easy living with modern upgrades throughout, including a renovated kitchen featuring sleek granite countertops, crisp white cabinetry, and a fresh contemporary feel. The updated bathroom boasts matching cabinetry and a neutral tile surround, creating a
We are now doing in person and virtual tours! Call us at to schedule a tour and see why we have received the 2022 Apartment Ratings Top Rated Award! Call today for our special rates! Clover Ridge East Apartments in Palatine, IL is easy to find, easy to live in and hard to leave. As a resident, you will enjoy the perks of a convenient location, legendary customer service and outstanding
GORGEOUS 2-STORY TOWNHOUSE AT EXCELLENT LOCATION! CATHEDRAL CEILINGS. WALK-IN CLOSET IN BEDROOM. IN-UNIT LAUNDRY. WOOD BURNING FIREPLACE IN LV RM. INDOOR/OUTDOOR POOL. FITNESS CLUB, BASKETBALL AND TENNIS COURTS. CLOSE TO RT 53 AND SHOPPING. Broker interest.
Best kept secret in Palatine! Williams Reserve is a hidden gem with award winning landscape. The property has ponds and streams throughout to create a tranquil environment. Sit back and relax by our resort style heated pool or enjoy our patio and grilling area. Clubhouse features FREE WIFI and 24 hr. access to our business center and fitness center with brand new state of the art fitness
Interested in learning more about homes in this area?
Reach out to
Erin Koertgen,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
10,478
Median Age
36
Population Density
14 ppl/acre
Population under 18
25.6%
On par with the national average
23.8%
Population over 65
12.2%
Below the national average
19.1%
Finances
Median Household Income
$58,083
Below the national average
$71,702
Average Household Income
$83,773
Education and Workforce
High School Graduates
80.5%
Below the national average
89.1%
College Graduates
36.8%
Advanced Degrees
13.9%
% Population in Labor Force
77.2%
Above the national average
65.1%
Weather
Annual Precipitation
32''
Average Winter Low Temperature
19°F
Average Summer High Temperature
84°F
Annual Snowfall
28''
Area Factors
Somewhat Bikeable
Bike Score®
42/ 100
Car-Dependent
Walk Score®
48/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
