Grayslake · Lake County · IL
Homes for sale in
Cherry Creek.
- Active listings
- 1
- Median list
- $279K
- Avg time on market
- 27 days
- Sold · last year
- 17
Active listings
1 home on the market
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About the community
A low-maintenance townhome community on the east side of Grayslake.
Cherry Creek is a planned townhome community at Washington Street and Atkinson Road in Grayslake, built out from roughly 1999 to 2003 by Residential Homes of America. It is a community of attached rowhomes wrapped around interior open space, with a clubhouse and an on-site park. Now around a quarter-century old, it has the settled, landscaped character of a mature Lake County townhome neighborhood and reads as an attainable entry point into Grayslake for buyers who want ownership without the upkeep of a detached house.
At a glance
Attached townhomes
Roughly 375 attached townhomes, generally 2 to 3 bedrooms, many with attached garages, built around 1999 to 2003.
Clubhouse
A community clubhouse with a party room and an exercise room.
On-site park
An on-site park of roughly 8 acres with open green space, plus sidewalks and interior walking paths.
Grayslake schools
Grayslake CCSD 46 for elementary and middle grades and Grayslake Community High School District 127.
Metra access
Close to the Grayslake station on the Milwaukee District North line, with the Prairie Crossing station nearby as a second option.
Pet-friendly
Dogs and cats are allowed subject to association rules, and on-site management is reported.
Attainable ownership
One of Grayslake's more attainable, lower-maintenance ownership options for first-time buyers and downsizers.
What’s close
Cherry Creek sits at Washington Street and Atkinson Road on Grayslake's east side, minutes from downtown Grayslake, Route 120, and two Metra options.
- Schools
- Grayslake Community Consolidated School District 46 for elementary and middle (grade-banded buildings) and Grayslake Community High School District 127. Confirm Central versus North and the exact building by address.
- Amenities on-site
- The clubhouse with party and exercise rooms, the community park, and interior walking paths.
- Train
- Grayslake station on Metra's Milwaukee District North line, with the nearby Prairie Crossing station adding the North Central Service toward O'Hare.
- Shopping
- Downtown Grayslake on Center Street plus the Route 120 and Rollins Road corridors, with Gurnee and Gurnee Mills a short drive east.
- Hospital
- Advocate Condell Medical Center in nearby Libertyville is the closest major hospital. Confirm the nearest current facility by address.
- Highway
- Route 120 is the main east-west arterial toward Gurnee and I-94, with Routes 137, 83, and US 45 nearby.
What it’s actually like to live here
Cherry Creek fits a specific and durable Grayslake buyer: someone who wants to own in a well-regarded Lake County school town without the price tag or the upkeep of a detached house. Because the community is attached townhomes with an association handling exterior maintenance, snow, and landscaping, it works well for first-time buyers, downsizers, and busy professionals who would rather spend weekends at the clubhouse, the community park, or one of Grayslake's lakes and forest preserves than behind a lawnmower.
The location is genuinely convenient. You are minutes from the Grayslake Metra station on the Milwaukee District North line, close to Route 120 for the drive to Gurnee and I-94, and inside two separate Grayslake public school districts. Downtown Grayslake, everyday retail on Route 120, and the bigger shopping in Gurnee are all within easy reach.
The honest tradeoffs are the ones common to any townhome community of this vintage. You are buying an attached home, so you share walls and live by association rules and assessments, and the monthly fee is a real recurring cost that buyers should underwrite alongside the mortgage. The association's reserves and any special assessments matter as the buildings pass the 25-year mark, and Lake County property taxes are meaningful, so treat both as real line items rather than afterthoughts.
The questions buyers actually ask
Cherry Creek FAQ
The questions I get most from buyers shopping Cherry Creek. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Cherry Creek is a townhome association. Monthly assessments vary by unit type and typically cover common-area landscaping, snow removal on private drives and walks, exterior and common-element maintenance and insurance, trash, reserves, and upkeep of the clubhouse and park. Request the current budget, reserve study, and any pending special assessments, and confirm the exact assessment and inclusions for a specific unit before you write an offer.
- 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 Cherry Creek single-family homes or townhomes?
- It is predominantly an attached townhome community of roughly 375 units built by Residential Homes of America around 1999 to 2003. If you are set on a detached house, this is not that. If you want low-maintenance ownership in Grayslake, it fits well.
- Is there an HOA, and what does it cover?
- Yes. Cherry Creek is a townhome association with monthly assessments that typically cover common-area landscaping, snow removal, exterior and common maintenance and insurance, trash, reserves, and the clubhouse and park. Confirm the exact current fee and inclusions on the specific unit through the seller disclosure.
- What schools would my child attend?
- The community is in Grayslake CCSD 46 for elementary and middle school (grade-banded buildings such as Woodview, Frederick, and Grayslake Middle) and Grayslake Community High School District 127. Assignments are by address and District 127 splits between Central and North, so confirm the exact schools with both districts before you buy.
- How is the commute to Chicago?
- Grayslake's Metra station on the Milwaukee District North line sits about 41 rail miles from Union Station, and the nearby Prairie Crossing station adds the North Central Service line toward O'Hare. By car you are close to Route 120 and a short drive to I-94.
- What amenities does Cherry Creek have?
- A community clubhouse with a party room and an exercise room, an on-site park of roughly 8 acres with open green space, and interior sidewalks and walking paths. Brae Loch golf course and broader Grayslake Park District and Lake County Forest Preserve facilities are nearby.
- What do homes cost, and how is the market right now?
- Cherry Creek is positioned as one of Grayslake's more attainable townhome communities, but pricing moves with the market, so check the live Market snapshot on this page for current listings and recent sales. Lake County carries some of Illinois's higher effective tax rates, so verify a specific unit's actual bill before you write an offer.
- Who is the real estate agent for Cherry Creek?
- Joe Keegan is the local licensed Illinois real estate broker who covers Cherry Creek in Grayslake, 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 Cherry Creek 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 Cherry Creek
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
- Grayslake specialist
- Honest local market take
- Brokerocity
Market snapshot
Cherry Creek, 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
$279,000
Typical sale price · last 90 days
$306,000
Homes for sale right now
1
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 7, 2025 through August 7, 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.
Thinking of selling?
What's your home actually worth?
Not a Zestimate. A real CMA from someone who's sold this neighborhood, knows the floor plan premiums, and can tell you which upgrades the buyer pool here actually pays for.
- Pricing range with comp-by-comp logic
- Pre-list improvements that pay back, and the ones that don't
- No obligation, no spam, no auto-dialer
Schools serving Cherry Creek
Where Cherry Creek homes go to school
Homes in Cherry Creek are most often zoned to Grayslake Central HS. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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