The Schoolhouse Apartments

Cary is a well-established village in McHenry County, situated along the Northwest Highway (US Route 14) corridor approximately 38 miles northwest of downtown Chicago. From its origins as an agricultural community, Cary has grown into a thriving residential community of nearly 18,000 residents, a population that has increased more than 16% since 2000, offering an exceptional quality of life defined by abundant green space, top-rated schools, and the rare combination of small-town livability with direct access to the Chicago metropolitan employment base. The village is served by its own Metra stop on the Union Pacific Northwest Line, operating 52 weekday trains to Ogilvie Transportation Center, while immediate access to US Route 14, US Route 31, and Illinois Route 62 places the employment corridors of Algonquin, Crystal Lake, Elgin, and the I-90 industrial corridor within 20 to 30 minutes by car. Cary's demographics reflect a financially strong and stable resident base. The median household income stands at $113,026, approximately 25% above the Chicago metro area median, with an average annual household income of $134,467 and 95.4% of residents living above the poverty line. Major employers within the immediate draw include Northwestern Medicine (McHenry County's largest healthcare employer), AptarGroup, Coilcraft, Baxter International, and McHenry County College, anchoring a diversified employment base across healthcare, manufacturing, and professional services. Cary-Grove Community High School further distinguishes the market, earning a Niche grade of A, a GreatSchools rating of 9 out of 10, a 96% graduation rate, and a ranking of 68th among all Illinois high schools, making Cary one of the most compelling suburban markets in McHenry County for multifamily investment.