The 1994 Virginia Slims of Chicago was a women's tennis tournament played on indoor carpet courts at the UIC Pavilion in Chicago, Illinois in the United States that was part of Tier II of the 1994 WTA Tour. It was the 23rd edition of the tournament and was held from February 7 through February 13, 1994. Second-seeded Natasha Zvereva won the singles title and earned $80,000 first-prize money.
| 1994 Virginia Slims of Chicago | |
|---|---|
| Date | February 7–13 |
| Edition | 23rd |
| Category | Tier II |
| Draw | 28S / 16D |
| Prize money | $400,000 |
| Surface | Carpet (Supreme) / indoor |
| Location | Chicago, Illinois, U.S. |
| Venue | UIC Pavilion |
| Champions | |
| Singles | |
 Natasha Zvereva | |
| Doubles | |
 Gigi Fernández / Natasha Zvereva | |
Finals
editSingles
edit Natasha Zvereva defeated Chanda Rubin 6–3, 7–5
- It was Zvereva's 2nd title of the year and the 45th of her career.
Doubles
edit Gigi Fernández / Natasha Zvereva defeated 
Manon Bollegraf / Martina Navratilova 6–3, 3–6, 6–4
- It was Fernández's 2nd title of the year and the 46th of her career. It was Zvereva's 3rd title of the year and the 46th of her career.
Prize money
edit| Event | W | F | SF | QF | Round of 16 | Round of 32 |
| Singles | $80,000 | $36,000 | $18,000 | $9,600 | $5,050 | $2,650 |
|---|---|---|---|---|---|---|
| Doubles * | $24,000 | $12,000 | $8,000 | $4,000 | $2,000 | – |
* per team