Grayslake · Lake County · IL
Homes for sale in
Chesapeake Farms.
- Active listings
- 1
- Median list
- $459K
- Avg time on market
- 76 days
- Sold · last year
- 12
Active listings
1 home on the market
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About the community
An established early-1990s Pulte community on the edge of downtown Grayslake.
Chesapeake Farms is an established single-family community in Grayslake, in central Lake County, developed by Pulte Homes with construction beginning in the early 1990s. It has the traditional early-1990s master-planned character: curving streets, sidewalks, mature trees, and neighborhood detention ponds, with some lots backing to water and open space. It sits along the Washington Street corridor close to Grayslake's historic downtown, and it is a settled, family-friendly neighborhood rather than a new-construction subdivision.
At a glance
Pulte single-family homes
Detached homes across a wide catalog of 1990s Pulte plans, commonly 3 to 4 bedrooms, roughly 1,300 to 2,900 sq ft.
Ponds and open space
Curving streets, mature trees, sidewalks, and neighborhood detention ponds, with some pond-adjacent lots.
Grayslake schools
Elementary and middle grades in Grayslake CCSD 46, high school in Grayslake CHSD 127. Confirm the assigned schools by address.
Two Metra stations
Grayslake has two Metra stations serving downtown Chicago, on the Milwaukee District North line and the North Central Service line.
Walkable downtown nearby
Historic downtown Grayslake, plus retail along Belvidere Road and the Route 83 corridor, is a short drive or walk depending on the block.
Forest preserves close
Lake County Forest Preserves such as Rollins Savanna and the Grayslake park district facilities are nearby for trails and recreation.
What’s close
Chesapeake Farms sits along the Washington Street corridor in central Grayslake, close to the historic downtown and to two Metra stations.
- Schools
- Grayslake CCSD 46 for elementary and middle grades and Grayslake CHSD 127 for high school. Confirm the assigned elementary and high school by address.
- Shopping
- Historic downtown Grayslake plus retail along Belvidere Road (Route 120) and the Route 83 corridor, with Gurnee Mills a short drive.
- Hospital
- Northwestern Medicine and Advocate outpatient centers are in Grayslake, with Advocate Condell Medical Center in Libertyville the nearest full-service hospital.
- Train
- Two Metra stations serve downtown Chicago, on the Milwaukee District North line and the North Central Service line.
- Highway
- Routes 83, 120, and 137 serve the area, with U.S. 45 and the I-94 Tri-State corridor to the east.
- Recreation
- Grayslake park district facilities and Lake County Forest Preserves, including Rollins Savanna, are nearby.
What it’s actually like to live here
Chesapeake Farms offers the kind of settled, family-friendly feel that early-1990s Pulte communities were built to deliver. Streets curve rather than run in a grid, sidewalks connect the neighborhood, and three decades of tree growth have softened the original new-construction look. Residents tend to be a mix of longtime families and empty-nesters, and the ponds and open space give parts of the neighborhood a quieter, greener edge. For buyers who want a turnkey established home in a recognized Grayslake subdivision rather than a brand-new build, it tends to check the practical boxes.
Location is a genuine strength. The neighborhood sits close to Grayslake's walkable historic downtown and to two Metra stations, giving commuters rail options toward Chicago without living on top of the tracks. Everyday errands, healthcare, and larger retail are all a short drive via Routes 83, 120, and 137, and the surrounding Lake County Forest Preserves, including Rollins Savanna, put substantial trail and open-space access nearby. Schools in District 46 and District 127 are a common draw for families.
The honest tradeoffs are the ones typical of the area and the vintage. Lake County property taxes are high relative to most of the country, generally in the range of roughly 2.2 to 2.5 percent of value as an effective rate, so buyers should budget accordingly. The homes are now around 25 to 35 years old, so some will show original mechanicals, roofs, or kitchens and may want updating. The association is light-touch, which keeps dues low but also means fewer private community amenities than a newer master-planned development, so much of the recreation here is public rather than gated.
The questions buyers actually ask
Chesapeake Farms FAQ
The questions I get most from buyers shopping Chesapeake Farms. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Chesapeake Farms has a light-touch homeowners association that maintains the common areas, entrance signage, and neighborhood stormwater detention rather than a full amenity package, which keeps dues modest. Confirm the current assessment and exactly what it covers with the managing association, since published third-party figures vary.
- What are property taxes like?
- Roughly $8,000 – $12,000 per year, depending on home size and value. Lake County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Chesapeake Farms built?
- Pulte Homes built the community between 1991 and 1997. Pulte Homes stopped new construction in 1997, so every sale today is a resale.
- 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.
- Who built Chesapeake Farms and when?
- Pulte Homes developed the neighborhood, with most homes built in the early-to-mid 1990s. It is a fully built-out, established subdivision today.
- What do homes cost, and how is the market?
- Pricing sits in the attainable-to-mid-tier range for Grayslake, with larger models reaching upper-tier locally. For current listings, recent sales, and pricing trends, see the live Market snapshot on this page rather than a static number.
- Is there an HOA, and what does it cover?
- Yes, there is a light-touch homeowners association with modest dues. It generally covers common-area upkeep such as entrances and stormwater detention areas. Confirm the exact current dues and coverage with the association before relying on a specific figure.
- What schools serve the neighborhood?
- Elementary and middle grades are in Grayslake CCSD 46, and high school is Grayslake CHSD 127. The specific assigned schools depend on the exact address, so verify with the district boundary tools before you buy.
- How is the commute to Chicago?
- Grayslake has two Metra stations serving downtown Chicago, on the Milwaukee District North line and the North Central Service line, plus quick access to Routes 83, 120, and 137 for driving. Trip times vary by line and schedule.
- Are there parks and outdoor amenities nearby?
- The neighborhood has sidewalks and ponds and open space, and it sits near Grayslake park district facilities and Lake County Forest Preserves such as Rollins Savanna. Most of the larger recreation is public rather than a private community amenity.
- Who is the real estate agent for Chesapeake Farms?
- Joe Keegan is the local licensed Illinois real estate broker who covers Chesapeake Farms 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 Chesapeake Farms 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 Chesapeake Farms
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
Chesapeake Farms, 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
$459,000
Typical sale price · last 90 days
$379,900
Homes for sale right now
1
Avg time on market
76 days
Sold in the last year
12
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.
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