Top 10 New Homes for Sale in Chicago Under $200,000

The Morgan Plan by M/I Homes

The Morgan Plan by M/I Homes in Chicago, Illinois. Image courtesy of M/I Homes.

Life in Chicago is very exciting. The Windy City has something for everyone, including a strong economy, a world-class art scene, and world-famous architectural wonders. If you are looking for an affordable new home for sale in Chicago, NewHomeSource listings include nearly 400 new homes in Chicago that cost less than $200,000. At NewHomeSource, we love Chicago and to simplify your own search, we selected our top 10 new homes in Chicago that cost less than $200,000.

1. The Belmont Plan by West Point Builders
West Point Builders builds this charming two-story, single-family home in the Elgin suburb of Chicago. This spacious two-bedroom home features a full basement, a dramatic two-story foyer, and 9-foot-tall ceilings on the first level.

The Belmont Plan by West Point Builders

2. The Leyden Plan by M/I Homes
If you are looking for an affordable, two-story home in Chicago, then the Leyden Plan by M/I Homes is the right home plan for you. This great home in the Lakewood Springs community has three bedrooms with an upstairs master suite.

The Leyden Plan by M/I Homes

3. The Ellis Plan by CalAtlantic Homes
CalAtlantic Homes showcases the delightful ranch-style townhome in the Ellis Plan. This home is available for build I n the Fox Lake community of Country Club Hills. It has modern layout and a fantastic kitchen with a central island and high-end appliance options.

The Ellis Plan by CalAtlantic Homes

4. The Park Place Condominiums by At Home Realty Group
You can live in the fantastic Oak Lawn, Illinois in this affordable new townhome. The At Home Realty Group brings these amazing, centrally-located townhomes to life, encouraging spacious and low-maintenance homeownership great for all lifestyles.

The Park Place Condominiums by At Home Realty Group

5. The Caspian Plan by Lennar
The Caspian Plan offers homeowners a modern floor plan with three bedrooms spread out over two stories. The open floor plan has plenty of flex space and storage, too. You can even look out at a scenic garden from a cozy breakfast nook.

The Caspian Plan by Lennar

6. Townhomes of Heron Creek by Castle Builders
Live your life in this luxury townhome in Sycamore, Illinois. These affordable and comfortable ranch style homes have spacious and flexible floor plans. The two-bedroom, two-bathroom layout is surrounded by lush parks and landscaping.

Townhomes of Heron Creek by Castle Builders

7. The Morgan Plan by M/I Homes
This plan is proof that you can find spacious, two-story homes in Chicago for less than $200,000. The Morgan plan gives homeowners three bedrooms, a full basement, and an upstairs master bedroom. This green home also has charming architectural details.

The Morgan Plan by M/I Homes

8. Arbors at Barrington by Arbors of Barrington LLC.
The Arbors at Barrington have something for everyone. These luxury townhomes have beautiful architectural details, fantastic amenities, and are in a great location. The two bedroom townhomes are spacious and comfortable to live in, too.

Arbors at Barrington by Arbors of Barrington LLC

9. The Ainslie Plan by M/I Homes
M/I Homes brings home shoppers in Chicago these affordable and comfortable townhomes in Lockport. The Ainslie Plan features two bedrooms and an upstairs master bedroom. These green townhomes are a joy to live in and own.

The Ainslie Plan by M/I Homes

10. The Americana Plan by West Point Builders
West Point Builders brings the affordable, single-family Americana Plan to the West Point Gardens community. This two-bedroom, two-story home offers low-maintenance life to homeowners.

The Americana Plan by West Point Builders

Let us know your favorite affordable new home for sale in Chicago, and your favorite things about the city in the comments below.

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