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New Construction Homes Under $200K in Chicago, IL

4 Homes

From $50,000

4 Br | 3.5 Ba | 3 Gr | 2,993 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,730 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 3.5 Ba | 3 Gr | 2,993 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,625 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,625 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 1,593 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 1,593 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 3.5 Ba | 3 Gr | 2,993 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,730 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,249 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 1,593 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,625 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

3 Br | 2 Ba | 3 Gr | 2,375 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 3.5 Ba | 3 Gr | 2,993 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

3 Br | 2 Ba | 3 Gr | 2,375 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2 Ba | 3 Gr | 2,375 sq ft

Elburn, IL 60119

Shodeen Homes

From $50,000

3 Br | 2 Ba | 3 Gr | 2,375 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

3 Br | 2 Ba | 4 Gr

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,730 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 3 Gr | 2,808 sq ft

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 1,593 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,730 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

4 Br | 2.5 Ba | 2 Gr | 2,625 sq ft

Sycamore, IL 60178

Shodeen Homes

From $50,000

3 Br | 2 Ba | 4 Gr

Saint Charles, IL 60175

Shodeen Homes

From $50,000

3 Br | 2.5 Ba | 2 Gr | 2,027 sq ft

Elburn, IL 60119

Shodeen Homes

From $135,000

2 Br | 2 Ba

22338 S Cedar Drive. Channahon, IL 60410

From $164,900

3 Br | 2 Ba | 1,404 sq ft

5100 Augusta Blvd 134. Monee, IL 60449

From $135,000

3 Br | 2 Ba

22335 S Woodside Drive. Channahon, IL 60410

From $135,000

2 Br | 2 Ba

22346 S Cedar Drive. Channahon, IL 60410

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Market Snapshot

New Homes in Chicago by Region

RegionHomesAverage New Home Price
Downtown Chicago 36$2,788,000
North Chicago 11$455,000
Northwest Chicago 53$293,000
South Chicago 47$274,000
Southwest Chicago 199$422,000

Top New Home Cities in Chicago

CityHomesAverage New Home Price
South Elgin68$437,971
Plainfield67$546,640
Aurora57$450,543
Huntley48$458,865
Oswego38$446,990
Elgin36$502,626
Naperville29$562,817
Yorkville22$409,842
New Lenox21$483,990
Crystal Lake21$491,762
Marengo18$345,590
Lockport17$471,080

Chicago features many of the best homes builders and new construction homes in Illinois, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Chicago has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Chicago area. In fact, there are 53 new homes for sale in Chicago with a good selection of cheaper homes starting at under $200K.

How to Find Cheap Homes in Chicago, IL for Less than $200K?

Many builders recognize there is growing demand in the Chicago area for homes under the $200k price point and often have a few floor plans available, but these cheaper houses may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at cheaper prices.