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The 1974 Virginia Slims of Chicago was a women's tennis tournament played on indoor carpet courts at the Lake Shore Racquet Club in Chicago, Illinois in the United States that was part of the 1974 Virginia Slims World Championship Series. It was the third edition of the tournament and was held from February 25 through March 3, 1974. Fourth-seeded Virginia Wade won the singles title and earned $10,000 first-prize money.