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  3. Elk Grove Village, IL
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  5. Village On The Lake
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Village On The Lake

720 Wellington Avenue, Elk Grove Village, IL, 60007 |Village on the Lake

YEAR BUILT

1974

# STORIES

5

# TOTAL UNITS

112

UNIT SIZE RANGE

1,550-1,650 sqft

Description

Village On The Lake is located at 720 Wellington Avenue in Elk Grove Village. This mid-rise building has 5 stories and consists of 112 units. It was built in 1974, giving it a sturdy presence in the neighborhood. Many buyers appreciate the waterfront views that come with this property. The unit sizes range from 1,550 to 1,650 square feet. Prices for the units vary significantly, falling between $215,000 and $265,500. The average selling price is around $231,000, and this translates to about $205 per square foot. The market remains active with average days on market at 79 days. Residents enjoy various amenities, including an indoor pool, clubhouse, and tennis courts. There's also easy access to parks and bike trails for outdoor activities. The building comes with elevators and laundry facilities, enhancing day-to-day living for everyone. Living here comes with additional benefits like nearby places to shop and eat. Local points of interest include popular spots such as a grocery store and various dining options. The surrounding area is friendly which adds to the charm of the neighborhood. Access to major roads makes commuting smooth and straightforward. It’s also a plus for those who enjoy running errands or visiting local businesses. The combination of location and amenities makes Village On The Lake an appealing choice for different lifestyles. Comfort and leisure balance well within this community. The setting by the water encourages relaxation and outdoor fun. This building provides a cozy living space while keeping access to entertainment and recreation close at hand.

Building ImageMLS ID #12328286
Building ImageMLS ID #12270174
Building Image
Building ImageView Listing

Village On The Lake

720 Wellington Avenue, Elk Grove Village, IL, 60007

|Village on the Lake

YEAR BUILT

1974

# STORIES

5

# TOTAL UNITS

112

UNIT SIZE RANGE

1,550-1,650 sqft

Description

Village On The Lake is located at 720 Wellington Avenue in Elk Grove Village. This mid-rise building has 5 stories and consists of 112 units. It was built in 1974, giving it a sturdy presence in the neighborhood. Many buyers appreciate the waterfront views that come with this property. The unit sizes range from 1,550 to 1,650 square feet. Prices for the units vary significantly, falling between $215,000 and $265,500. The average selling price is around $231,000, and this translates to about $205 per square foot. The market remains active with average days on market at 79 days. Residents enjoy various amenities, including an indoor pool, clubhouse, and tennis courts. There's also easy access to parks and bike trails for outdoor activities. The building comes with elevators and laundry facilities, enhancing day-to-day living for everyone. Living here comes with additional benefits like nearby places to shop and eat. Local points of interest include popular spots such as a grocery store and various dining options. The surrounding area is friendly which adds to the charm of the neighborhood. Access to major roads makes commuting smooth and straightforward. It’s also a plus for those who enjoy running errands or visiting local businesses. The combination of location and amenities makes Village On The Lake an appealing choice for different lifestyles. Comfort and leisure balance well within this community. The setting by the water encourages relaxation and outdoor fun. This building provides a cozy living space while keeping access to entertainment and recreation close at hand.

Next

Description

Village On The Lake is located at 720 Wellington Avenue in Elk Grove Village. This mid-rise building has 5 stories and consists of 112 units. It was built in 1974, giving it a sturdy presence in the neighborhood. Many buyers appreciate the waterfront views that come with this property. The unit sizes range from 1,550 to 1,650 square feet. Prices for the units vary significantly, falling between $215,000 and $265,500. The average selling price is around $231,000, and this translates to about $205 per square foot. The market remains active with average days on market at 79 days. Residents enjoy various amenities, including an indoor pool, clubhouse, and tennis courts. There's also easy access to parks and bike trails for outdoor activities. The building comes with elevators and laundry facilities, enhancing day-to-day living for everyone. Living here comes with additional benefits like nearby places to shop and eat. Local points of interest include popular spots such as a grocery store and various dining options. The surrounding area is friendly which adds to the charm of the neighborhood. Access to major roads makes commuting smooth and straightforward. It’s also a plus for those who enjoy running errands or visiting local businesses. The combination of location and amenities makes Village On The Lake an appealing choice for different lifestyles. Comfort and leisure balance well within this community. The setting by the water encourages relaxation and outdoor fun. This building provides a cozy living space while keeping access to entertainment and recreation close at hand.

Village On The Lake Market Stats Last 12 months

Avg. Listed Price$234,633($208/Sqft.)

Avg. Sale Price$231,000($205/Sqft.)
Year over year list priceUp Arrow23.75%

Year over year sale priceUp Arrow 22.92%
Total Listings3 Listed

Total sold3 Sold
Average Days on Market79 days

Average HOA fees per sqft$3 /monthly
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Market Stats

Year over year list priceUp Arrow23.75%

Year over year sale priceUp Arrow22.92%
Total Listings3 Listed

Total sold3 Sold
Average Days on Market79 days

Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Village On The Lake Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 516516110022612025-06-03
MLS#: 12328286
Closed$243,000
Unit 2172171200221262025-05-22
MLS#: 12270174
Closed$235,000
Unit 405405150032552022-06-21
MLS#: 11386380
Closed$265,500
Unit 217
217

2 Beds

2 Baths

1200 sqft


DateStatusPrice
2025-05-22Closed$235,000
MLS#: 12270174
Days On Market126
Unit 405
405

3 Beds

2 Baths

1500 sqft


DateStatusPrice
2022-06-21Closed$265,500
MLS#: 11386380
Days On Market55
Unit 516
516

2 Beds

2 Baths

1100 sqft


DateStatusPrice
2025-06-03Closed$243,000
MLS#: 12328286
Days On Market61
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the highlights of living in Village On The Lake is its fantastic amenities. Picture this: you can take a refreshing dip in the indoor pool on a chilly day or hit the tennis courts for some active fun with friends. You’ll have access to a clubhouse that's perfect for hosting gatherings and a party room where you can celebrate life’s special moments. Plus, bike trails await outdoor enthusiasts, and the onsite laundry facilities keep things simple. And if you have a furry friend, you’ll be pleased to know that cats and dogs are welcome!

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Amenities Description

One of the highlights of living in Village On The Lake is its fantastic amenities. Picture this: you can take a refreshing dip in the indoor pool on a chilly day or hit the tennis courts for some active fun with friends. You’ll have access to a clubhouse that's perfect for hosting gatherings and a party room where you can celebrate life’s special moments. Plus, bike trails await outdoor enthusiasts, and the onsite laundry facilities keep things simple. And if you have a furry friend, you’ll be pleased to know that cats and dogs are welcome!

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Pool

Pool

In Ground Pool

In Ground Pool

Indoor Pool

Indoor Pool

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Coin Laundry

Coin Laundry

Tennis Court(s)

Tennis Court(s)

Patio

Patio

Receiving Room

Receiving Room

Clubhouse

Clubhouse

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

Speaking of pets, Village On The Lake has a friendly policy when it comes to your four-legged companions—cats and dogs are both allowed, so you won’t have to leave your pet behind! This pet-friendly approach makes it an inviting environment for animal lovers looking for their first home.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Village On The Lake$205/sqft.$3 /sqft.
720 Wellington Ave$206/sqft.$3 /sqft.
Village On The Lake$236/sqft.$2 /sqft.
840 Wellington Ave$221/sqft.$3 /sqft.
700 Wellington Ave$246/sqft.$3 /sqft.
Village On The Lake$239/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to Village On The Lake.

Salt Creek Elementary School

C
Public|Grades KG–5
65 Jf Kennedy Blvd|0.85 miles away

Adm Richard E Byrd Elementary School

C+
Public|Grades KG–5
265 Wellington Ave|0.92 miles away

Elk Grove High School

A-
Public|Grades 9–12
500 W Elk Grove Bl...|1.03 miles away

Queen of the Rosary School

--
Private|Grades PK–8
690 W Elk Grove Bl...|1.19 miles away

Grove Jr High School

C-
Public|Grades 6–8
777 W Elk Grove Bl...|1.42 miles away

Ridge Family Center for Learning

B
Public|Grades PK–5
650 Ridge Ave|1.49 miles away
Next

Schools

Salt Creek Elementary School

C
Public|Grades KG–5
65 Jf Kennedy Blvd|Less than 1 Mile Away

Adm Richard E Byrd Elementary School

C+
Public|Grades KG–5
265 Wellington Ave|Less than 1 Mile Away

Elk Grove High School

A-
Public|Grades 9–12
500 W Elk Grove Bl...|1.03 Miles Away

Queen of the Rosary School

--
Private|Grades PK–8
690 W Elk Grove Bl...|1.19 Miles Away

Grove Jr High School

C-
Public|Grades 6–8
777 W Elk Grove Bl...|1.42 Miles Away

Ridge Family Center for Learning

B
Public|Grades PK–5
650 Ridge Ave|1.49 Miles Away

Clearmont Elementary School

B-
Public|Grades KG–5
280 Clearmont Dr|1.64 Miles Away

Adolph Link Elementary School

A
Public|Grades KG–6
900 W Glenn Trl|1.95 Miles Away

One School Global Chicago Campus

--
Private|Grades 3–12
404 E Devon Ave|2.08 Miles Away

Adlai Stevenson Elementary School

B+
Public|Grades KG–6
1414 Armstrong Ln|2.13 Miles Away

Rupley Elementary School

D+
Public|Grades KG–5
305 Oakton St|2.26 Miles Away

Elmer H Franzen Intermediate School

A-
Public|Grades 3–5
730 Catalpa Ave|2.67 Miles Away

Transit

No Transit Data Available

The Neighbourhood: Village On The Lake

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Village On The Lake Demographics

Age Demographics

0–14 Years

19.31%

15–29 Years

14.49%

30–44 Years

22.49%

45–59 Years

19.13%

60+ Years

24.58%

Commute

4.38%

Transit

0.54%

Walk

81.82%

Drive

0.87%

Bike

Housing Ownership

62.79%

Owner Occupied

37.21%

Rental Units

Household Types

Single Family
31.02%
Multi Family
7.04%
Single Person
33.96%
Multi Person
66.04%

Average Income

Household:$8,353,036.01 /yr

Individual:$3,945,106.52 /yr

Education

Bachelors Degree27.96%
High School College24.2%
Diploma10.48%
Post Graduate13.02%
Others24.33%
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Education

Diploma10.48%
Post Graduate13.02%
Others24.33%
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  2. /Elk Grove Village, IL
  3. /
    Village On The Lake
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