Chicago's New Construction Single Family Homes $400,000 - $600,000

Chicago's New Construction Single Family Homes $400,000 - $600,000

As a follow up to my earlier post on where to find single family homes in Chicago under $400,000 I'm looking at the next tier of homes - up to $600,000. As you look at the map of this group below and compare it the lower tier you see, not surprisingly, that this new development shifts further north and east. The community areas with the greatest concentration of these new construction homes are in order of magnitude:

  • Logan Square
  • Bridgeport
  • West Town
  • Irving Park
  • Jefferson Park

Chicago new construction $400-600K

New Single Family Home Construction In Logan Square And West Town

Check out the map below to see where the action is in Logan Square and West Town. Between $400,000 - 600,000 it's all happening West of Western and East of Kedzie between North and Fullerton, with roughly 34 single family homes sold/for sale in the last 12 months. Just eyeballing it it looks to me like it's the highest density of development in this price range.

Logan Square new construction

A number of these are in Ranquist's Flexhouse Development that I mentioned in my last post. In addition there are multiple homes from each of SCG Integrity Residences, Sustainabuild, SmartTech, and Indigo at the lower end, which will get you between 2400 - 2700 sq ft. At the high end is a home at 1623 N Rockwell with 4 bedrooms and 3 1/2 baths spread out over 3000 sq ft on a standard sized lot.  It has the ultra modern finishes that seem to be standard in new construction today, along with lower grade stainless steel appliances. I'm not sure who the builder is but they have apparently built several similar homes in the area.

1623 N Rockwell

1623 N Rockwell

New Single Family Home Construction In Bridgeport

Bridgeport had about 17 new single family homes either on the market or sold in the last 12 months in this price range. The developers active in this price range in Bridgeport include Morgan Street Development, which is building 15 homes there, Bridgeport Collection, and Lexington Homes. Landmark and Property Group, who I previously mentioned was building lower priced bungalows in the area, has also been active at this higher price point with larger homes. The Lexington Place homes look really interesting in that they don't have that mausoleum look to them that is so popular in Chicago and they are priced around $500K for a 4 bedroom, 2 1/2 bath, 3600 square foot home on an oversized 26 x 147 lot.  However, I don't see how they come up with 3600 square feet since the description implies an unfinished basement and the bedrooms don't seem huge???

But I will say that in all these homes the finishes appear to be way better than what was put in Bridgeport Village.

Lexington Homes

Lexington Homes

New Single Family Home Construction in Jefferson Park

The new construction in Jefferson Park is happening in a development called Edgebrook Glen where most of the homes have 3 - 4 bedrooms, 2 1/2 baths, are priced in the mid-400s and are about 2800 sq ft. Lot sizes are about 47 x 90 ft. These homes have the ultra modern interior finishes but they are lower grade obviously - lots of carpeting in the photos but I have to believe you can get hardwood floors as an option.

At the upper end are a couple of 3800 square foot homes priced in the low 500s with 4 bedrooms and 3 1/2 baths.

Maple in Edgebrook Glen

Maple Model in Edgebrook Glen

New Single Family Home Construction In Irving Park

The bulk of the new construction homes in Irving Park are the SmartTech homes being built in the 3600 north block of California. Priced in the upper 400s these homes have 4 bedrooms, 2 1/2 baths, and are 2400 square feet on standard sized lots. In addition there were a number of 5 bedroom, 3 1/2 bath 4000 square foot homes often built on 29 foot wide lots and priced in the low to mid 500s offered by Insite Homes.

Insite Homes Irving Park

Insite Homes Irving Park

If you want to keep up to date on the Chicago real estate market, get an insider's view of the seamy underbelly of the real estate industry, or you just think I'm the next Kurt Vonnegut you can Subscribe to Getting Real by Email.

 

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    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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