Whether it's empty-nesters who still love the suburban lifestyle but prefer something with a little less maintenance or first-time buyers who just want to start putting some equity into something a bit more affordable than a sprawling single family residences, condo living in Chicago's suburbs is quickly growing in popularity. Regardless of your lifestyle preferences or needs and wants as a home buyer, right now is an exceptional time to buy a new construction condo in Chicago's suburbs given all the desirable options you'll find at some of the new developments featured below.
839 Madison (Oak Park IL)
839 Madison is in the village of Oak Park, Illinois, adjacent to the city of Chicago. For prospective buyers unfamiliar with Oak Park, it's a suburb that is known for having great schools, astounding architecture, and a quaint downtown filled with many different options for boutique shopping and dining. As part of a co-housing community that will be completed in August 2024, 839 Madison has 5 stories and 24 individual residences. It is a pet-friendly building and will offer residents a variety of amenities including an in-unit laundry facility, common rooms for entertaining, a library with co-working stations, a building garage, a guest unit, and a fitness center. The average price for a 1 bedroom 1 bath apartment at 665 square feet is $282,193. Depending on what you are looking for 839 Madison has 1-3 bedroom condos available for purchase.
1950 Sheridan Rd (Highland Park IL)
1950 Sheridan Rd is a new condo development located in Highland Park, Illinois, another suburban city about 25 miles north of Downtown Chicago. This building is scheduled to be completed in Fall 2024 and has 20 units throughout the 4 stories tall building. These luxury-inspired residences come with a variety of fantastic amenities, including a mail room, yoga room, fitness, and yoga center, club room with entertainment, a kitchen and bar overlooking a private park, an outdoor private park with a lounge area, extra storage, a bike room, and 2 heated garage spaces. In addition to amazing amenities, the condos at 1950 Sheridan Rd are located within walking distance of the lake, parks, restaurants, shopping, and the train station. The average price for a 3 bed, 3 bath, 1 partial bath condo is $1,470,000. The building also has a monthly HOA fee of $809.
Looking for a new construction condo setting outside of the city? Check out all available new construction condos for sale in Chicago's suburbs, or call or text (312) 953-0961 now to schedule a showing for a unit you'd like to see in person!
RF-Lake Street (River Forest IL)
The RF- Lake Street is a luxurious new building that is located in the heart of River Forest, a historic community known for its architecture and friendly neighborhood charm. The condos at RF- Lake Street are a collection of 2-3 and 4-bedroom residences that price between $699,900 - $1,499,900. These grandeur condos come with a private elevator and an assortment of amenities including on-site management, private lobbies, private garage parking, drop-off dry cleaning, a package management system, and bike storage. In addition, each unit comes with a private outdoor living space that can be used to entertain, relax, and enjoy the fresh air. The building is four stories and has 22 individual units. RF-Lake Street condos are also within walking distance of the train station, beautiful neighborhood parks, shops, restaurants, and more.
514 Hillgrove Avenue (Western Springs IL)
514 Hillgrove Avenue is a rare new construction condo building being developed in charming Western Springs, IL. Interested condo buyers will only find 10 units in the building, and each is designed to provide residents with a modern living space built for today's city dweller. Each unit comes with private elevators, professional appliances, hardwood floors, 9ft tall ceilings, private terraces, and spa-like baths. As a luxury building, however, look for a 2-bedroom 2-bathroom condo at 514 Hillgrove to average 1,503 square feet and have a price tag somewhere around $769,000.
1095 Kelmscott Way (Lake Forest IL)
Last on the list is 1095 Kelmscott Way, located right in the middle of Downtown Lake Forest Illinois, north of Chicago. This condominium development has 12 units and still allows owners to customize their own condo if they act fast. The condos range between 3,000 and 4,300 square feet, and are within walking distance of the market square. Once purchased, the new condo owner gets to personalize their space and design a residence that is unique to them. A 3 bed, 3 baths, 1 ½ bath unit starts at 1,611,200. Depending on what the owner selects, when personalizing the construction of their condo, completing the interior space will cost an additional $225-$275 per square foot. Each unit in the building is on a corner of the building and comes with 9ft tall ceilings, hardwood floors, concrete construction, and solid moldings.
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