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Olde Schaumburg

Olde Schaumburg

Suburban Neighborhood in Schaumburg, Illinois

Cook County 60193, 60194

$486,339 Average Value
$235 Average Price per Sq Ft
5 Homes For Sale

A “big little city” 30 miles from Chicago

Once part of a 19th-century farming community called “Sarah’s Grove,” Schaumburg was renamed in the 1850s to reflect many of its residents’ German Heritage. Long before that, the Sauk, Fox, Pottawatomie, and Kickapoo tribes called the land home. Today, the village — specifically the collection of streets known as the Olde Schaumburg Centre (OSC) Historic District — has managed to maintain its old-timey appeal. 2010s-era townhomes, for instance, mirror classic Chicago row houses, and, although businesses have changed hands over the years, storefronts on road Schaumburg Road and Roselle Road still have century-old charm. In 2017, Money magazine ranked Schaumburg the 9th best place to live in the country, and it’s also been named “the best place to live in Illinois.” For good reason, according to Wendy Lee, a Real Estate Broker with Leegacy Realty Group who’s amassed over 20 years of industry experience. “I would describe the area that Olde Schaumburg sits in as a big little city with 80,000 residents," she says.

Olde Schaumburg is a neighborhood rich with art and nature, offering a balance of entertainment and beauty.
Olde Schaumburg is a neighborhood rich with art and nature, offering a balance of entertainment and beauty.
Olde Schaumburg has many green spaces integrated into its lush neighborhood streets.
Olde Schaumburg has many green spaces integrated into its lush neighborhood streets.
Olde Schaumburg is located a few miles from the I-90.
Olde Schaumburg is located a few miles from the I-90.
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A variety of townhomes, ranch-styles and traditional homes

Townhome living is common in Olde Schaumburg. A one-bedroom property with an attached garage dating back to the 1980s can sell for just under $200,000, whereas a larger two-bedroom with brick siding might hover around $250,000. Three-bedroom units in the Pleasant Square development, many of which reflect the style of old Chicago row homes, can sell for upwards of $500,000. Prospective buyers will also find single-family ranch-styles and split-level homes built in the 1970s listed in the mid-$400,000s and, on the highest end of the spectrum, four-bedroom traditional homes hovering around $600,000. During Chicago’s famous winters, snow covers the Schaumburg sidewalks, and neighborhood kids use front yard space to make snowmen.

Town homes with built in garages are common in Olde Schaumburg.
Town homes with built in garages are common in Olde Schaumburg.
Town homes in Olde Schaumburg have a timeless appeal, as well as an attractive price point.
Town homes in Olde Schaumburg have a timeless appeal, as well as an attractive price point.
Freshly built new traditional homes can be found near Olde Schaumburg's town center.
Freshly built new traditional homes can be found near Olde Schaumburg's town center.
Ranch homes with expansive yards are a popular sight in Olde Schaumburg.
Ranch homes with expansive yards are a popular sight in Olde Schaumburg.
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James B Conant High School
James B Conant High School

A student-driven education model at James B Conant High School

Olde Schaumburg students can attend schools like Michael Collins Elementary, which serves grades Kindergarten through six, Robert Frost Junior High for grades seven and eight and James B Conant High. All three schools received an A-minus or higher from the educational review site, Niche, and Conant students have the unique opportunity to select their own courses with the help of counselors and teachers. Those who choose to pursue the arts will be asked to prepare portfolios for entry into a college scholarship program or art profession during their senior year, and high schoolers in the business department can gain on-the-job experience through the business internship program.

Schaumburg Town Square and the Woodfield Mall

Although Interstates 290 and 90 provide easy access to surrounding neighborhoods and Downtown Chicago 30 miles east, daily errands are easily managed at neighborhood stops like Tony’s Fresh Market in Schaumburg Town Square. Nearby, locals enjoy family-owned restaurants like Walker Bros. Original Pancake House, a regional chain that’s been serving the Chicago suburbs for over 50 years. Make sure to order their famous apple pancakes and thick-cut bacon. Or stop by Lou Malnati's Pizzeria at the intersection of Schaumburg Road and Roselle Road, a go-to place in town for deep-dish pizza. A bit farther south, Opolska has a menu of authentic Polish classics like stuffed cabbage and Czwartek (Polish meatballs). According to Roxas, the Schaumburg area is also known for the Woodfield Mall, the largest mall in all of Illinois. It’s anchored by Macy’s, JCPenney, Nordstrom and Primark. Nearby, residents will find grocery options like Whole Foods, Trader Joe’s and Costco Wholesale. There are also performance venues like Improv, which hosts touring comedians.

Veterans Gateway Park is a central monument and park for the Olde Schaumburg neighborhood.
Veterans Gateway Park is a central monument and park for the Olde Schaumburg neighborhood.
Take a lunch break from the abundant shopping options at Woodfield Mall, near Olde Schaumburg.
Take a lunch break from the abundant shopping options at Woodfield Mall, near Olde Schaumburg.
Olde Schaumburg residents can find most dining and shopping options clustered around the central intersection of Schaumburg Road and Roselle Road.
Olde Schaumburg residents can find most dining and shopping options clustered around the central intersection of Schaumburg Road and Roselle Road.
Town Square Of Schaumburg, is a quaint park featuring a fountain, gazebo, and walking paths.
Town Square Of Schaumburg, is a quaint park featuring a fountain, gazebo, and walking paths.
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The Schaumburg Farmers Market, the Trickster Cultural Center and a heritage farm

On Friday mornings from June through October, residents gather in the Trickster Cultural Center’s parking lot for the Schaumburg Farmers Market. “Hundreds of people come out for that,” says Gina Roxas, the center’s program coordinator. “There’s vendors and live entertainment. Sometimes music, sometimes poetry.” Shop for locally-made meat pies, fresh produce and microgreens. As the market finishes up, head inside the Trickster Cultural Center. “We’re a not-for-profit Native American cultural arts center providing education about contemporary Native American culture through workshops, exhibits and school visits,” explains Roxas. There’s also the Schaumburg September Fest over Labor Day weekend; chat with vendors at the art fair, sample top menu items from local restaurants and watch local bands march in the parade on Monday morning. Schaumburg is also home to the Al Larson Prairie Center for the Arts, which hosts a regular schedule of youth orchestra performances, a stand-up comedy series and locally-produced live theater. And those who want a taste of what Schaumburg was like in the 1880s (including 19th-century garb and livestock) stop by Volkening Heritage Farm. Finally, the Schaumburg Township District Library stretches across 166,000 square feet, and along with an impressive collection of books, includes a towering sculpture by famed glass-blower Dale Chihuly.

Interact with the farm animals at Volkening Heritage Farm in Olde Schaumburg.
Interact with the farm animals at Volkening Heritage Farm in Olde Schaumburg.
Explore arts and culture at The Trickster Cultural Center which features Native American art.
Explore arts and culture at The Trickster Cultural Center which features Native American art.
Wildlife live freely in the natural spaces of Olde Schaumburg.
Wildlife live freely in the natural spaces of Olde Schaumburg.
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Chess boards, boat rentals and sculptures in Schaumburg parks

Residential streets surround Olde Schaumburg Centre Park, which spans 7.5 acres and includes a gazebo, outdoor chess boards and brick walking trails. Admire the clock tower in Veterans Gateway Park or pack a picnic to eat beside Volkening Lake. Boat rentals here are $12 per hour, and those with an Illinois fishing license can cast lines out into the water. Part of the Chicago Athenaeum, the Schaumburg Sculpture Park features work by both international and American artists. Area golfers, meanwhile, can head to the Schaumburg Golf Club where Schaumburg Park District residents receive a discounted fee.

Spot various art sculptures throughout the Olde Schaumburg neighborhood.
Spot various art sculptures throughout the Olde Schaumburg neighborhood.
Statues and sculptures give history and character to Olde Schaumburg's public spaces.
Statues and sculptures give history and character to Olde Schaumburg's public spaces.
Families in Olde Schaumburg can enjoy the outdoors together in the surround nature preserves.
Families in Olde Schaumburg can enjoy the outdoors together in the surround nature preserves.
Take a moment to enjoy nature at Olde Schaumburg Centre Park, a densely wooded park with a pond and walking trails.
Take a moment to enjoy nature at Olde Schaumburg Centre Park, a densely wooded park with a pond and walking trails.
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Commuters who prefer the train can hop on to the Metra at Schaumburg station.
Commuters who prefer the train can hop on to the Metra at Schaumburg station.

O’Hare International Airport and Metra lines into Downtown Chicago

Olde Schaumburg is just about 15 miles — or 20 minutes — from O’Hare International Airport, which offers direct flights to nearly 215 unique destinations. Although public transportation isn’t readily accessible in Olde Schaumburg, residents can park at the Schaumburg Metra Station and take the Milwaukee District / West Line all the way into Downtown Chicago for a daily fare of $6.75. Others prefer to make the 30-mile drive into the Windy City along Interstate 90 or 290, keeping in mind that traffic can get intense. Medical care is accessible at the Northwest Community Healthcare/Hospital, a 489-bed acute care facility, and Ascension Saint Alexius, a destination for cancer and stroke care, orthopedics, women’s health and more.

Sara Caskey
Written By
Sara Caskey
Jahlil Harris
Video By
Jahlil Harris

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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

Interested in learning more about homes in this area? Reach out to Vasanti Bhatt, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Chicago O'Hare International

24 min drive

Crime and Safety

1 - Low Crime, 10 - High Crime Olde Schaumburg US
Homicide 2 4
Sexual Assault 2 4
Assault with Weapon 2 4
Robbery 2 4
Burglary 3 4
Motor Vehicle Theft 2 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$321,000
Median Single Family Price
$537,000
Median Townhouse Price
$485,750
Median 2 Bedroom Price
$266,250
Median 1 Bedroom Price
$220,000
Average Price Per Sq Ft
$235
Number of Homes for Sale
5
Last 12 months Home Sales
26
Months of Supply
2.30
Median List Price
$314,500
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
-21%

Home Facts

Number of Homes in Neighborhood
431
Median Year Built
1992
Avg. Single Family Home Size Sq Ft
2,835
Significantly above the national average
1,936
Average Townhouse Size Sq Ft
2,122
Average 2 Bedroom Size Sq Ft
1,229
Average 1 Bedroom Size Sq Ft
798

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Vasanti Bhatt, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
1,508
Median Age
46
Population Density
8 ppl/acre
Population under 18
21%
On par with the national average
23.8%
Population over 65
26.9%
Above the national average
19.1%

Finances

Median Household Income
$76,907
Above the national average
$71,702
Average Household Income
$107,047

Education and Workforce

High School Graduates
93.9%
College Graduates
50.9%
Above the national average
34.1%
Advanced Degrees
22.9%
Above the national average
13.3%
% Population in Labor Force
69.9%

Weather

Annual Precipitation
38''
Average Winter Low Temperature
19°F
Average Summer High Temperature
84°F
Annual Snowfall
35''

Area Factors

Very Bikeable

Bike Score®

76 / 100

Very Walkable

Walk Score®

81 / 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.

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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.
NEIGHBORHOOD
Olde Schaumburg
Vasanti Bhatt
Home 4 U Realty, Inc.
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