Grandwood Park is a suburban town that offers a quality of life with its parks, recreational facilities and quality schools. Here are some pros and cons of buying property in the town of Grandwood Park, Illinois:

Pros:
- Grandwood Park is a safe and friendly community that prioritizes the well-being and happiness of its residents.
- The town is surrounded by several parks, including The Independence Grove Forest Preserve, which offers an array of recreational activities like boating, fishing, hiking, and biking.
- The schools in Grandwood Park are highly-rated and provide quality education for children.
- The town is conveniently located near major highways, making it easy to travel to neighboring cities like Chicago.
- The cost of living in Grandwood Park is relatively lower compared to other affluent suburbs of Chicago.

Cons:
- Due to the town's suburban location, there are limited job opportunities within Grandwood Park itself.
- The town may lack the cultural amenities of a larger city.
- Like many Chicago suburbs, winters can be harsh and contribute to potential maintenance costs on your property.
- Property taxes are relatively higher in Lake County as a whole.

Keep in mind that these are general pros and cons, and it is essential to do your own research and seek advice from professionals before making any real estate decision.