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  1. Home
  2. /Elk Grove Village, IL
  3. /
    Village On The Lake

Village On The Lake

720 Wellington Avenue, Elk Grove Village, IL, 60007

Village on the LakeCommunity
0 Units for Sale

Front view of a multi-story residential building with balconies.View Listing
MLS ID #12328286
Front view of a multi-story residential building with balconies.View ListingMLS ID #12328286
Front view of a multi-story brick building with balconies.View ListingMLS ID #12270174
Panoramic view from a balcony overlooking residential buildings and surrounding area.View ListingMLS ID #12328286
Aerial view of a landscaped area with a pond, trees, and a residential building in the distance.View ListingMLS ID #12314639
YearBuilt

Year Built

1974

Stories

# Stories

5

#TotalUnits

# Total Units

112
UnitSizeRange

Unit Size Range

1,550-1,650 sqft

UnitDemand

Unit Demand

Stories

Low

UnitAvailability

Unit Availability

Stories

Low


About Village On The Lake

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.

Front view of a multi-story residential building with balconies.View Listing
MLS ID #12328286
Front view of a multi-story residential building with balconies.View ListingMLS ID #12328286
Front view of a multi-story brick building with balconies.View ListingMLS ID #12270174
Panoramic view from a balcony overlooking residential buildings and surrounding area.View ListingMLS ID #12328286
Aerial view of a landscaped area with a pond, trees, and a residential building in the distance.View ListingMLS ID #12314639

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!

ParkingParking
LockerLocker
ConciergeConcierge
ElevatorElevatorCheck Icon
Central ACCentral AC
PoolPoolCheck Icon
Fitness CenterFitness Center
-
Visitors ParkingVisitors Parking

Building 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 AllowedPets Allowed
Short-term Rental AllowedShort-term Rental Allowed
BBQ PermittedBBQ Permitted
Sublet AllowedSublet Allowed

Loading...

Village On The Lake Market Report (last 12 months)

Avg. List Price
$234,633 ($208/Sqft.)
Year-Over-Year List Price
Up Arrow 23.75%
Total Listings
Listings3
Avg. Days On Market
Calendar79
Avg. Sale Price
$231,000 ($205/Sqft.)
Year-Over-Year Sale Price
Up Arrow 22.92%
Total Sold
Sold3
Avg. HOA Fees/Sqft
$3 /monthly

Village On The Lake Sales 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

Days On Market126

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

3 Beds

2 Baths

1500 sqft

Days On Market55

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

2 Beds

2 Baths

1100 sqft

Days On Market61

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

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
Schoolsarrow right
View nearby schools
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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

Transit

No Transit Data Available

The Neighborhood:

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  1. Home
  2. /Elk Grove Village, IL
  3. /
    Village On The Lake
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