Grayslake

Grayslake

Located in Lake County

$381,327 Average Value
$185 Average Price per Sq Ft
23 Homes For Sale

A little less than an hour from the big city

The commuter rail train still reaches Grayslake, about 50 miles northwest of downtown Chicago. While still considered a Chicago suburb, Grayslake has a special, unique vibe about it. “It’s got a small downtown area with local businesses and historic homes. It’s a great small-town feel,” says Dick Barr, broker/owner with Dick Barr Group with almost 25 years of real estate experience. “Transportation options are convenient, which means you’re still not far from Chicago.”

The Grayslake Village has a rich history dating back to 1895.
The Grayslake Village has a rich history dating back to 1895.
People appreciate Something's Brewing in Grayslake on a nice day.
People appreciate Something's Brewing in Grayslake on a nice day.
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Historic downtown

The downtown area of Grayslake, known as the village center, is full of local businesses and dining options. Find out about the village's history by visiting the Grayslake Heritage Center and Museum. Various exhibits chronicle the area's growth since it was founded in the late 1800s and a history of interesting correspondence the village has gotten through the years at the post office. 129 Center Cut refers to the address on Center Street where it’s located. Inside, the décor is a mix of rustic and modern, and the menu has steaks, burgers, pizza and pasta. It’s also a popular place for drinks after work. For casual comfort food with a little attitude, try Fred’s Diner. “It’s a shotgun-style retro restaurant where the wait staff is a bit snarky,” Barr says. “It’s nothing rude—it’s all done charmingly, and it’s a tradition in some Chicago-style diners.”

The Grayslake Heritage Center is a great place to learn about the villages history.
The Grayslake Heritage Center is a great place to learn about the villages history.
129 Center Cut in the Center of Grayslake is a modern take on American food.
129 Center Cut in the Center of Grayslake is a modern take on American food.
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Historic houses near downtown

Surrounding the downtown area, a group of older houses were built in the early 20th century. They include spacious Victorian and Georgian homes with up to five bedrooms and more modest two-story traditional with about 1,500 square feet. “Most of them have the old-fashioned hardwood floors, but updated kitchen and bathrooms for the ones that have been renovated,” Barr says. The price range is between $400,000 and $700,000. The surrounding area has Colonial Revival, split-level and some townhouses. Prices run from $350,000 to $600,000. Some downtown commuters live here since downtown Chicago is less than an hour away. “For the most part, service members who work or train at Great Lakes Naval Station that live in Grayslake,” Barr says. That facility is about 10 miles away.

Georgian houses from the early 20th century are closest to the Grayslake village center.
Georgian houses from the early 20th century are closest to the Grayslake village center.
Victorian houses from the early 20th century are some of the most prominent homes in Grayslake.
Victorian houses from the early 20th century are some of the most prominent homes in Grayslake.
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Lakes, parks and various recreation

North of downtown is the centerpiece of recreation in Grayslake. Central Park has multiple playgrounds, plenty of walking trails, and a performance pavilion where the Grayslake Community Band plays summer concerts. There’s also a disc golf course and a splash pad for use in the summer, a sledding hill during the winter and a fishing pond. There’s the Grayslake Aquatic Center near the park, which is open Memorial Day through Labor Day with a toddler section and a couple of water slides for the bigger kids and the kids at heart. Grays Lake is the village’s namesake water body accessible from Jones Island Park. Grayslake also has an extensive bike trail system connecting neighborhoods, parks and the village center area.

Grayslake residents love taking their kids to play on the playground at the parks.
Grayslake residents love taking their kids to play on the playground at the parks.
Some children play volleyball at Lake Villa Township Park.
Some children play volleyball at Lake Villa Township Park.
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Comprehensive college prep at the high school

Woodview School is one of the schools that younger kids can attend in the public school system. The school serves kindergarten through fourth grade and gets a B-plus Niche grade. Fifth and sixth graders can attend Frederick School, with a 15-to-1 student-teacher ratio and a B grade. Grayslake Middle School serves grades seven and eight and has a B-plus Niche grade. Grayslake Central High School’s website has a college and career center link with various resources to assist in planning for college. The school is rated an A and gets an A-minus for college preparation.

Parents in Grayslake may send their children to Woodview School.
Parents in Grayslake may send their children to Woodview School.
Grayslake Central High School is a public four-year high school located in Grayslake, Illinois.
Grayslake Central High School is a public four-year high school located in Grayslake, Illinois.
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Uniquely located

While still technically a northwest suburb of Chicago, Grayslake is about 35 miles north of O’Hare International Airport. Getting to Milwaukee’s Mitchell International Airport is not much further north. Grayslake is about 12 miles from the Wisconsin border. Grayslake is still served by the suburban Chicago public bus system called Pace, with stops on various main roads in Grayslake. The village has two Metra commuter rail stops. Commuters can look for about an hour and a half ride into downtown.

Interested in learning more about homes in this area? Reach out to Jack Persin, an experienced agent in this area.

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Schools

Source:
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

Grayslake Housing Trends

Housing Trends

Median List Price
$319,900
Median Sale Price
$306,000
Median Single Family Sale Price
$306,000
Median Townhouse Sale Price
$349,500
Median 2 Bedroom Sale Price
$251,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
192
Median Home Sale Price YoY Change
-$1
Average Price Per Sq Ft
$185

Neighborhood Facts

Number of Homes for Sale
23
Months of Supply
1.40

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Grayslake Has More Owners

Demographics

Total Population
21,475
Median Age
40
Population Density
8 ppl/acre
Population under 18
24.5%
On par with the national average
23.8%
Population over 65
16.3%
On par with the national average
19.1%

Finances

Median Household Income
$110,668
Significantly above the national average
$71,702
Average Household Income
$135,505

Education and Workforce

High School Graduates
95.8%
College Graduates
55.5%
Above the national average
34.1%
Advanced Degrees
21.6%
Above the national average
13.3%
% Population in Labor Force
71.7%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
16°F
Average Summer High Temperature
81°F
Annual Snowfall
23''
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.
Grayslake