Elk Grove Village · Cook County · IL
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Park Place.
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About the community
Elevator condominium living on Elk Grove Village's northeast side.
Park Place is a small condominium community of three six-story elevator buildings at 615, 635, and 655 Perrie Drive in Elk Grove Village, built between 2005 and 2007. Cook County Assessor records show 104 condominium parcels across the three addresses. The residences are predominantly two bedrooms in the range of roughly 1,200 to 1,420 square feet, which is larger than most suburban condominiums, with in-unit laundry, private balconies, and a heated attached garage space. The monthly assessment is unusually inclusive: heat, gas, water, and parking are all inside it. The floor plans and the community name are drawn from Monopoly board spaces, with recorded plans including Atlantic, Boardwalk, Illinois, Indiana, Marvin Gardens, and Pacific.
At a glance
Three six-story buildings
615, 635, and 655 Perrie Drive, with 104 condominium parcels on Cook County records.
Heat, gas, and water included
The monthly assessment absorbs utilities a townhome owner would pay separately, so compare carefully.
Heated garage parking
A heated attached garage space is typical and is included in the assessment.
Passenger and service elevators
The service elevator is what makes move-in day and furniture delivery workable in a six-story building.
CCSD 59 and District 214
Rupley Elementary, Grove Junior High, then Elk Grove High School. Confirm the assignment for a specific unit.
Larger two-bedroom plans
Roughly 1,200 to 1,420 sqft, with two full baths on most plans and in-unit laundry.
Outside the O'Hare noise contour
Cook County Assessor environmental records place these parcels outside the mapped contour, including the half-mile buffer.
Ascension Alexian Brothers
A full-service hospital with 24-hour emergency care on Biesterfield Road, a few miles away.
No swimming pool
There is a party room and a rooftop sundeck, but no pool. Aquatics come from the Elk Grove Park District.
What’s close
Park Place sits on Perrie Drive off Landmeier Road on the northeast side of Elk Grove Village, minutes from the business park and the I-90 and IL-390 corridors.
- Schools
- Community Consolidated School District 59 for K-8, with Rupley Elementary and Grove Junior High, then Township High School District 214 and Elk Grove High School. Confirm by address with the districts.
- Shopping
- The Landmeier Road retail strip and Higgins Plaza are within about a mile, with Woodfield Mall and the Schaumburg corridor a short drive west.
- Hospital
- Ascension Alexian Brothers at 800 Biesterfield Road in Elk Grove Village, with 24-hour emergency care about three miles away.
- Highway
- I-90 and IL-390 both serve this corner of the village, with IL-53 and I-290 a short drive west.
- Train and airport
- No Metra station in Elk Grove Village. Commuters drive to Wood Dale, Itasca, or Bensenville on the MD-W line, or Mount Prospect on the UP-NW. O'Hare is roughly eight to nine miles.
- Parks
- The Elk Grove Park District operates the Jack A. Claes Pavilion, Rainbow Falls Waterpark, and Fox Run Golf Course, with Busse Woods a few miles away.
What it’s actually like to live here
Park Place solves a problem the rest of Elk Grove Village's housing stock struggles with: it offers genuinely spacious, low-maintenance living without asking you to give up square footage or park on the street. At roughly 1,200 to 1,420 square feet these two-bedroom residences are larger than most suburban condominiums, and the format is unapologetically easy. You take an elevator from a heated garage to your door. You do not own a roof, a driveway, or a lawn. The furnace, the snow, the trash, and the water bill are somebody else's job. For a downsizer leaving a four-bedroom colonial, for a couple who travel constantly for work, or for a first-time buyer who wants a real kitchen instead of a galley, that trade is often exactly right.
The setting is workmanlike in the best sense. This is the northeast corner of Elk Grove Village, minutes from a business park that employs a substantial share of the region, with I-90 and IL-390 close enough that a drive almost anywhere in the northwest suburbs is uneventful. O'Hare is a short drive, which is a genuine advantage if you fly for a living, and Cook County records place these buildings outside the airport's mapped noise contour. Groceries and everyday retail are walkable along Landmeier Road, Ascension Alexian Brothers is a few minutes away, and Busse Woods and the Elk Grove Park District's Pavilion and Rainbow Falls facilities cover the recreation that a small condominium campus cannot supply on its own.
The honest tradeoffs are worth naming. Elk Grove Village has no Metra station, so a downtown commuter drives four to six miles to a train in Wood Dale, Itasca, Bensenville, or Mount Prospect. This is a car-first location once you leave the immediate retail strip. Cook County's effective property tax rate is higher than what a buyer coming from the collar counties expects. The monthly assessment reads high next to a townhome until you notice heat, gas, water, insurance, and garage parking are all inside it, at which point the comparison flips. And this is condominium living with everything that implies: shared walls and ceilings, association rules on pets and rentals, and board decisions you will not always agree with. Buildings that recently turned twenty are entering the window where roofs, elevators, and mechanical systems come due, so the reserve study and the special-assessment history deserve a hard look.
Market trends
Why this market moves the way it does
Park Place is a small, tightly held condominium community, so inventory is thin and the market turns on floor, view, and interior condition rather than on broad price swings. Buyers are typically comparing it to older Elk Grove Village condominium stock from the 1970s, which is smaller and lacks elevators and garage parking, or to townhomes where the assessment looks lower until you add back the utilities.
What holds value
The fundamentals matter more than the cosmetics here. Buyers want floor plan, lot, and basement, in that order. Cosmetics are the tiebreaker.
- The utility-inclusive assessment
- Heat, gas, water, and garage parking inside the fee make the true cost of ownership more predictable and more competitive than the headline number implies.
- Unit size
- Two-bedroom plans in the 1,200 to 1,420 square foot range are larger than most suburban condominiums, which broadens the buyer pool.
- Floor and exposure
- In a six-story building, higher floors and better balcony exposure separate otherwise identical plans.
- Elevator and garage
- Passenger and service elevators plus a heated attached garage space are what distinguish these buildings from the village's older condominium stock.
- Reserve health
- On buildings this age, a funded reserve and a clean special-assessment history support value more than any interior finish.
- Location and access
- Proximity to the business park, I-90, IL-390, and O'Hare keeps demand steady from a working-professional buyer pool.
Real talk
Who shouldn’t buy here
Here is the honest version before you tour.
Read the disclosure package carefully. These buildings recently passed the twenty-year mark, which is when roofs, elevators, boilers, and common mechanicals start coming due. Ask for the reserve study, the last three years of board minutes, the current budget, and the special-assessment history. A well-funded association makes this an easy purchase and an underfunded one makes it an expensive surprise.
This is condominium living. You share walls and ceilings, the association sets the rules on pets, rentals, and exterior changes, and the board will occasionally make a decision you disagree with. If you want to control your own roof and repaint your own trim, this is the wrong product regardless of how good the floor plan is.
Elk Grove Village has no Metra station and the walkability drops off quickly outside the Landmeier retail strip. If a walkable train platform is non-negotiable, this location will frustrate you every weekday. If you drive to work, or you fly for a living and value being fifteen minutes from a terminal while sitting outside the mapped noise contour, it is close to ideal.
One piece of advice
“Park Place is the rare suburban condominium that gives you real square footage, an elevator, and a heated garage space, with heat, gas, and water folded into the assessment so your monthly cost is predictable. Compare that fee against a townhome only after you add the utilities back. Then read the reserve study and the special-assessment history, because on twenty-year-old buildings that document tells you more than any showing will.”
The questions buyers actually ask
Park Place FAQ
The questions I get most from buyers shopping Park Place. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- townhomes and condos are $357 per month.
- What does the HOA actually cover?
- Monthly assessments on recent Park Place listings have run roughly $357 to $434, and the agent-reported inclusions are heat, gas, water, garage parking, common-area insurance, security, the party room, exterior maintenance, lawn care, scavenger (trash), and snow removal. Heat, gas, and water being bundled in is why the number looks high next to a townhome assessment: it is absorbing utilities a townhome owner pays separately. Electricity, internet, and your own HO-6 unit policy are typically extra. Inclusions are set by the declaration and can change, so verify against the current disclosure package.
- 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.
- Is Park Place townhomes or condominiums?
- Condominiums. Park Place is three six-story brick elevator buildings at 615, 635, and 655 Perrie Drive, and Cook County Assessor records classify every residential parcel here as a condominium unit. Units are served by passenger and service elevators, with heated attached garage parking. If you are looking for a townhome with your own front door and your own garage, this is not that product.
- What is included in the monthly assessment, and why does it look high?
- Because it is absorbing your utilities. Agent-reported inclusions are heat, gas, water, parking, common-area insurance, security, the party room, exterior maintenance, lawn care, trash, and snow removal. Once you back out the heat, gas, and water you would otherwise pay separately, the effective cost of ownership compares differently than the headline number suggests. Electricity, internet, and your own HO-6 policy are typically extra. Confirm current inclusions against the seller's disclosure package, since the declaration governs and inclusions can change.
- What schools serve Perrie Drive?
- Community Consolidated School District 59 for grades K through 8 and Township High School District 214 for high school. Specifically, Rupley Elementary School, Grove Junior High School, and Elk Grove High School. Elk Grove Village is split among several elementary districts, so do not assume an assignment from another part of the village applies here. Boundaries can also change, so confirm with CCSD 59 and District 214 before you rely on it.
- Is O'Hare noise a problem here?
- Cook County Assessor environmental data records these parcels as outside the O'Hare noise contour, including the half-mile buffer zone, so you get a short drive to the terminal without sitting inside the mapped noise footprint. That said, aircraft flight paths shift with runway configuration and wind, so if noise matters to you, visit the specific unit at different times of day before you commit.
- What amenities does the community have?
- Reported amenities include passenger and service elevators, heated attached garage parking, a party room, a rooftop sundeck, a spa, additional owner storage, a bike room, an interior courtyard, and secured entry with 24-hour building access. Units have private balconies, with oversized terraces on a small number of plans. There is no swimming pool. Village-scale aquatics and fitness come from the Elk Grove Park District, which residents already fund through the tax bill.
- What do units cost here and how is the market moving?
- Prices and market conditions change constantly, so this page does not freeze a number into a sentence. Check the Market snapshot above, which pulls current active listings, recent sales, and market timing straight from the MLS. Qualitatively, these are larger two-bedroom residences in Elk Grove Village's mid-market attached-housing tier, priced above the village's older 1970s condominium stock and below its detached single-family homes.
- Who is the real estate agent for Park Place?
- Joe Keegan is the local licensed Illinois real estate broker who covers Park Place in Elk Grove Village, 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 Park Place 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 Park Place
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
- Elk Grove Village specialist
- Honest local market take
- Brokerocity
Market snapshot
Park Place, 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 sale price · last 90 days
$349,500
Sold in the last year
5
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 16, 2025 through August 16, 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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