Market Snapshot
Chicago, Illinois, located on Lake Michigan, is one of the largest cities in the United States and is considered one of the best places for young professionals to live. Chicago is known for its incredible architecture and many famous skyscrapers, including the former Sears Tower (now known as the Willis Tower), the John Hancock Center, and the Tribune Tower. It is also a center of arts and culture known for renowned museums like the Art Institute of Chicago.
Chicago is a city that offers many outdoor recreation and other health and fitness opportunities. It is also great for families with many new construction townhomes for sale to fit the needs of any size family. Most townhouses are located near schools and offer easy commutes for individuals who work in the Chicago metro area.
New Build townhouses for sale in Chicago
Most townhomes and condominiums throughout Chicago and its suburbs are traditional in style. They offer a range of various floorplans that typically include three-story options with attached garages, well-designed kitchens, spacious owner suites with walk-in closets, and bonus rooms that can be used as a home office, playroom, or home gym.
Why rent a condo in Chicago when you can buy one?
Condominiums and townhomes offer home buyers a unique opportunity to experience homeownership at a much lower cost than more traditional single-family homes. Best of all, condo owners can still gain investment equity the same way they would with traditional homeownership.
Townhouses in Chicago offer low-maintenance living, which means that owners have more time to focus on the things that matter most, such as family and career. For a large U.S. city, Chicago is comparatively affordable. There are currently 32 communities throughout Chicago, where 11 builders constructing new build townhomes at prices that start at just $259,990.
New townhomes have changed a lot over the last decade making the pre-construction townhome market soar to new heights. Michele Lerner shares her thoughts on why townhomes are in demand. These are not the row-houses and new construction duplexes of yesteryear. Modern townhouses come with luxury appointments and a range of options. While there are still many townhouse developments that offer attached duplex, triplex, or quadplex floorplans, newer developments often provide detached townhomes and condos in duplex and other configurations. While these townhomes look attached, in higher-end neighborhoods, builders may invest in separate walls for use in multiplex housing units giving you the privacy, security, and silence of a detached home.
Before shopping for your new townhome, you will want to know a little bit about the shopping process, the benefits, financing, and how newer amenities separate today's townhome developments from those of just a few years ago. First off, here are a few things to know and do when shopping for a townhome, and 10 reasons why a townhome might be right for you. Then you may need to consider how you will finance your new townhouse or condominium in Chicago.
Finally, you will enjoy some of the best new ammenities for townhome and condo living that just were not available a decade ago. Here are some of the new amenities in multi-family homes you are likely to find in Chicago.
Townhomes and condominiums are typically more affordable in Chicago than single-family homes with prices starting at $259,990 all the way to $10,500,000 and beyond. Of course, if you choose to live in a luxury townhome or condominium, the prices can be quite high.
Townhomes & Condos in Chicago, IL
Finding new construction townhomes and condos for sale in Chicago is easy with Newhomesource. Here's an overview of what you will find for sale on NewHomesource.com.
| Townhome & Condo Communities | 32 |
| Homes for Sale | 585 |
| Floor Plans Available | 90 |
| Home Ready Now | 113 |
| Starting Price | $259,990 |
| Square Footage | 1,332 to 6,085 sq/ft |
| Bedroom Options | 1 to 4 |
| Bathroom Options | 1 to 5 |
| Leading Builders with New Construction Condos and Townhomes |