About Some of the Towns I Service in the Northwest Suburbs    |  | | |
 The Village of Algonquin was settled in 1834 and incorporated in 1890, and sits in both Kane and McHenry Counties. Located approximately 47 miles northwest of the Chicago Loop, the Village has seen significant growth over the last decade. Throughout development and growth of the community, the Village aims to maintain its friendly and community-oriented atmosphere. Pottowatomi Indians originally inhabited the Algonquin area. Algonquin has a rich history; in 1834, the first settler, Samuel Gillilan, arrived in this area from Virginia. Fellow settlers Dr. Cornish, Dr. Plumleigh, Eli Henderson, Alex Dawson, and William Jackson soon followed. Often referred to as the "Gem of the Fox River Valley," Algonquin is nestled in the foothills of the Fox River Valley. In its early years, residents of the village had difficulty finding a name. Denny's Ferry, Cornish Ferry, Cornishville, and Osceola were all considered. Finally, the town fathers met and selected the name "Algonquin" on the suggestion of Mr. Samuel Edwards from the name of a ship he once owned. The name Algonquin became official on December 23, 1847. The town saw some new growth with the construction of the railroad in 1855, which provided another means for farmers and producers of dairy goods to transport their products to Chicago markets. On February 25, 1890, Algonquin residents voted to incorporate as a Village. Along with its commercial trade, the town also became a popular summer vacation spot for Chicago residents. A Village Hall was erected in downtown Algonquin (2 S. Main Street) in 1906, and was constructed by Blair and Summer of Janesville, WI for $6,848. The structure, which was completed on January 31, 1907, initially housed the sprinkling wagon and fire department, the jail, council chambers, clerk's office, and a vault for records. This building served municipal officials in various capacities (including a library, school, and municipal offices) until they moved to the current Village Hall, located at 2200 Harnish Drive, in 1996. Historic Village Hall now serves as a community facility and meeting center. A highlight in Algonquin's diverse history is the period from 1906 to 1913, when the Algonquin Hill Climbs took place. In those days, if an automobile could successfully climb the hills of Algonquin, that machine immediately met with the stamp of public approval. The event had national participation, and the "Algonquin Cup" was a very prestigious and coveted award. The two hills used were Phillips Hill (Route 31 to the cemetery), and Perry Hill (south of town, now Lundstrom Lane). When use of Perry Hill was discontinued, the Village built a new road for the climbs in the vicinity of what is now known as Huntington Drive Hill. A new park, christened "Hill Climb Park," located at Circle Drive and Huntington Drive, opened in 2004. This park offers recreational opportunities and includes interpretive signage and other features in recognition of Algonquin's historic hill climbs. Over the years, Algonquin has developed into a growing and thriving community, with its solid base of residential and commercial development as well as expanding industrial/business sector. Algonquin is five miles north of the Northwest Tollway (I-90). Major regional arteries through the Village include Illinois Route 31, Illinois Route 62 and Randall Road. Algonquin is located approximately 30 miles from O'Hare International Airport, which offers direct flights to destinations around the world. Neighboring Lake in the Hills Airport can accomodate light to medium twin-engine aircraft and many turboprops 24 hours per day. The airport also offers charter and rental services. Quality education is available to Algonquin residents. School districts 158 and 300 serve students from elementary age through high school; there are also several private schools and quality child care centers in the area. A portion of the Village lies within Community College District 509, served by Elgin Community College. Community College 528, served by McHenry County College, also encompasses a segment of Algonquin. Both colleges offer technical, vocational, and two year associate degree programs. Algonquin is also within driving distance of a number of major colleges and universities within the Chicago area as well as satellite campus locations. Helpful Algonquin Links Village of Alqonquin Village of Algonquin Profile Algonquin Chamber of Commerce Nearest Metra Train Schedule Local Algonquin Business 
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Time to Move >Advantages of Buying Down
Your youngest child has just left home! Your present house now seems enormous. Your "empty nest" has prompted thoughts of selling your home and moving to a smaller, more manageable house.
Before you make a move, you should consult two important professionals--your real estate agent and your tax planner. A good real estate agent will be able to tell you the value of your current home and the availability of alternative houses in your preferred area.
Buying a smaller home or condo can have important advantages, such as lowering your property taxes, simplifying property maintenance, and generating cash which can be put into income-producing investments. You will also want to consider the tax laws which allow capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your real estate agent and your tax planner can provide valuable information to assist you in making such decisions.
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Where in the United States will you find the largest concentration of million-dollar homes?
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| A |
There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.
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See More Real Estate Trivia > |
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