<h1 style="margin-bottom: 0in; text-align: center;">Grayslake, <em>Chicago</em></h1><p>Named after farmer William F. Gray, Grayslake was founded in 1895 and is located just off of Gray&rsquo;s Lake, also named after William F. Gray. 40 miles north of Chicago, the population has continued to grow since then with its current number estimated at more than 20,000 people. The average price of homes for sale in Grayslake was $170,000.</p><p>The area is known for its blend of historic buildings in its downtown as well as its new building projects that are in the works. The future residential community is attracting many young families who are looking for a bustling downtown area. Featuring many different shopping and dining opportunities, Grayslake is also located by major US highways that help provide easy commuting experiences to downtown Chicago. Public transportation is available due to Metra&rsquo;s Milwaukee District and Pace bus routes that go through the town.</p><p>The town includes two school districts, Community Consolidated School District 46 and Grayslake Community High School District 127. College of Lake County is also located in Grayslake. Almost 18,000 students attend the college.</p><p>Grayslake is also the host of many annual festivals. The Grayslake Art Festival kicks off the festival season each year in early June and is held in the historic section of the downtown area. Shortly after that The Taste of Grayslake begins which showcases many of the local restaurants and includes live musical performances. Each evening is capped off with a fireworks display. Grayslake Days, a well known music festival, begins in August and draws visitors from all over each year.</p>