Arlington Heights · Cook County · IL
Homes for sale in
Lake Arlington Towne.
- Active listings
- 3
- Median list
- $322K
- Avg time on market
- 27 days
- Sold · last year
- 17
Active listings
3 homes on the market
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About the community
A lakeside, association-managed community on the north side of Arlington Heights.
Lake Arlington Towne is a planned residential community in north Arlington Heights, built around and next to Lake Arlington, a roughly 50-acre lake the Village created for stormwater management starting in the mid-1980s. The community was developed primarily from the mid-1980s through the mid-1990s by Kimball Hill Homes and Northern Illinois Construction Co., and it blends townhomes and rowhomes with some duplex, loft, and single-family product under a master association. The character is quiet and mature, with tree-lined streets, water and park views, and an association that handles much of the exterior upkeep.
At a glance
On Lake Arlington
Built around a roughly 50-acre lake with an adjacent public park operated by the Park District.
Lakeside loop path
A walking and biking path of roughly two-plus miles rings the lake next to the community.
Boathouse and fishing
The Park District rents kayaks, paddle boats, and sailboats in season; fishing is catch-and-release.
Attached and single-family homes
Townhomes and rowhomes plus some duplex, loft, and single-family product.
Shared amenity building
The master association maintains a clubhouse reported to include fitness and an indoor pool; confirm specifics.
Low-maintenance living
On the attached homes the association handles exterior upkeep, landscaping, and snow.
District 214 for high school
Township HSD 214; elementary and middle assignment varies by address, so confirm it.
Metra to Chicago
The UP-NW line runs to downtown from Arlington Heights and Arlington Park stations.
What’s close
Lake Arlington Towne sits on the north side of Arlington Heights, immediately next to Lake Arlington and its park, with Rand Road and IL-53 the main regional routes.
- On the water
- Lake Arlington, its loop path, boathouse, fishing pier, and picnic areas next door.
- Shopping
- Downtown Arlington Heights, a walkable transit-oriented district, plus the Rand Road retail corridor.
- Hospital
- Northwest Community Hospital (Endeavor Health) in Arlington Heights.
- Highway
- Rand Road (US-12), IL-53, and Palatine Road toward I-90 and the Northwest Tollway corridor.
- Schools
- Township HSD 214 for high school; elementary and middle by Prospect Heights SD 23 or a neighboring district, confirm by address.
- Train
- Metra UP-NW service to Ogilvie in downtown Chicago from Arlington Heights and Arlington Park stations.
What it’s actually like to live here
Lake Arlington Towne offers something unusual for the northwest suburbs: a front-row seat on real open water and parkland without leaving Arlington Heights. Residents can step out to the lake loop for walking, running, or cycling, drop a line off the fishing pier, or rent a kayak or sailboat for the afternoon at the Park District boathouse. The community itself is quiet and established, with mature landscaping and an association that handles exterior upkeep, lawn care, and snow on the attached homes, which is a genuine draw for buyers who want low-maintenance or lock-and-leave living while staying in a strong school and services area.
The tradeoffs are the honest ones for a 1980s-and-1990s association community. Assessments vary a lot by product and, on the attached homes, can be meaningful, so read the association budget and reserves closely because roofs, siding, private roads, and the amenity building are long-term cost items. Interiors and systems in original units may be dated to varying degrees, so condition varies unit to unit, and Cook County property taxes are high in absolute terms.
The lake and park are a real amenity, but the park is public, so summer weekends bring outside visitors and parking pressure, and dogs are not permitted at the lake itself. Overall the community suits buyers who prioritize walkable nature, a manageable-maintenance home, and Metra-served access to Chicago, and who are comfortable trading some square footage and some monthly assessment for that lifestyle.
The questions buyers actually ask
Lake Arlington Towne FAQ
The questions I get most from buyers shopping Lake Arlington Towne. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Lake Arlington Towne is run by a master association with unit-level sub-associations underneath it, so monthly assessments vary widely by home type, from a modest master-tier charge on some single-family lots up to several hundred dollars on attached homes. On the attached product, dues typically cover exterior maintenance, landscaping, snow removal, trash, common-area insurance, and the shared amenity building. Confirm the exact figure and which associations apply in the resale disclosure for the specific home.
- What are property taxes like?
- Roughly $5,000 – $11,000 per year, depending on home size and value. Cook County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Lake Arlington Towne built?
- Kimball Hill Homes and Northern Illinois Construction Co. built the community between 1984 and 1996.
- What's the typical closing timeline?
- 30 to 60 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 60.
- What kinds of homes are in Lake Arlington Towne?
- A mix: townhomes and rowhomes, some duplex and loft units, and a smaller number of single-family homes, mostly built from the mid-1980s through the mid-1990s by Kimball Hill Homes and Northern Illinois Construction Co. Sizes range from compact attached units up to larger single-family plans.
- Is the lake private to residents?
- No. Lake Arlington and its surrounding park are owned and operated by the Arlington Heights Park District and are open to the public. Residents enjoy immediate access but share the path, boathouse, and picnic areas with the wider community.
- Can I fish or boat on Lake Arlington?
- Yes. Fishing is catch-and-release (an Illinois license is required for ages 16 to 65), and the Park District boathouse rents kayaks, paddle boats, paddleboards, and sailboats in season, with sailing lessons and camps. Swimming is not allowed, and dogs are not permitted at the lake.
- What does the HOA cover, and how much is it?
- There is a master association plus unit-level associations, so amounts vary widely by home type. On the attached homes, dues typically cover exterior maintenance, landscaping, snow, trash, common-area insurance, and the shared amenity building. Confirm the exact figure and which associations apply in the resale disclosure for the specific home.
- What schools serve the community?
- For high school it is Township HSD 214. For elementary and middle, MLS data points to Prospect Heights SD 23, but parts of north Arlington Heights fall in other elementary districts and lines can run mid-neighborhood, so confirm the exact assignment for your specific address before relying on it.
- What do homes cost here and how is the market?
- Prices are mid-range for Arlington Heights and vary by home type and condition. Rather than a fixed figure, check the live Market snapshot on this page for current active listings and recent activity.
- Who is the real estate agent for Lake Arlington Towne?
- Joe Keegan is the local licensed Illinois real estate broker who covers Lake Arlington Towne in Arlington Heights, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Lake Arlington Towne specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Lake Arlington Towne
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Arlington Heights specialist
- Honest local market take
- Brokerocity
Market snapshot
Lake Arlington Towne, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$322,000
Typical sale price · last 90 days
$343,000
Homes for sale right now
3
Avg time on market
27 days
Sold in the last year
17
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 2, 2025 through August 2, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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