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Chicago, IL Homes Under $400K!

Chicago features many of the best home builder communities 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’s still possible to design and build an affordable home in the Chicago area. In fact, there are 110 communities and 20 builders in Chicago with homes starting at under $400K.

How to Find Homes in Chicago For Less Than $400K?

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    110 Communities

    Quick Move-In Hot Deals

    Sterling Place by M/I Homes

    Sterling Place by M/I Homes in Chicago Illinois

    Coming Soon

    homes in Sterling Place by M/I Homes
    M/I Homes in Northbrook, IL

    1943 Kingsley Circle
    Northbrook, IL 60062

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    Builder Community

    Bartlett Ridge by William Ryan Homes

    Bartlett Ridge by William Ryan Homes in Chicago Illinois
    homes in Bartlett Ridge by William Ryan Homes
    William Ryan Homes in Bartlett, IL

    From $385,990 - $493,650

    1337 Highpoint Court
    Bartlett, IL 60103

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    Builder Community
    3 homes match your search

    Edgewater of Shorewood by Lennar

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    Edgewater of Shorewood by Lennar in Chicago Illinois
    homes in Edgewater of Shorewood by Lennar
    Lennar in Shorewood, IL

    From $309,990 - $381,475

    1113 Marion Court
    Shorewood, IL 60404

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    Builder Community
    12 homes match your search

    • Offers

    West Point Gardens South by M/I Homes

    West Point Gardens South by M/I Homes in Chicago Illinois
    homes in West Point Gardens South by M/I Homes
    M/I Homes in Elgin, IL

    From $291,490 - $354,990

    302 Longview Drive
    Elgin, IL 60124

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    Builder Community
    7 homes match your search

    Andare at Woodlore Estates by Lennar

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    Andare at Woodlore Estates by Lennar in Chicago Illinois
    homes in Andare at Woodlore Estates by Lennar
    Lennar in Crystal Lake, IL

    From $238,975 - $299,990

    1027 Honey Locust Drive
    Crystal Lake, IL 60012

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    Active Adult Community
    11 homes match your search

    • Offers

    Hanover Estates by K. Hovnanian® Homes

    Hanover Estates by K. Hovnanian® Homes in Chicago Illinois
    homes in Hanover Estates by K. Hovnanian® Homes
    K. Hovnanian® Homes in Manhattan, IL

    From $294,995 - $419,995

    14351 W. Rose Street
    Manhattan, IL 60442

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    Builder Community
    5 homes match your search

    Autumn Creek Townes by Pulte Homes

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    Autumn Creek Townes by Pulte Homes in Chicago Illinois
    homes in Autumn Creek Townes by Pulte Homes
    Pulte Homes in Yorkville, IL

    From $167,990

    1439 Crimson Lane
    Yorkville, IL 60560

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    Builder Community
    2 homes match your search

    • Offers

    Aspire at Ashley Pointe by K. Hovnanian® Homes

    Aspire at Ashley Pointe by K. Hovnanian® Homes in Chicago Illinois
    homes in Aspire at Ashley Pointe by K. Hovnanian® Homes
    K. Hovnanian® Homes in Yorkville, IL

    From $248,495 - $349,995

    2061 Wren Road
    Yorkville, IL 60560

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    Builder Community
    13 homes match your search

    Woodlore Estates - The Reserves by Lennar

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    Woodlore Estates - The Reserves by Lennar in Chicago Illinois
    homes in Woodlore Estates - The Reserves by Lennar
    Lennar in Crystal Lake, IL

    From $333,990 - $383,990

    1027 Mayhaw Lane
    Crystal Lake, IL 60012

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    Builder Community
    14 homes match your search

    • Offers

    Prairie Commons-Traditional by Lennar

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    Prairie Commons-Traditional by Lennar in Chicago Illinois
    homes in Prairie Commons-Traditional by Lennar
    Lennar in Batavia, IL

    From $254,990 - $271,990

    1601 Carlstedt Dr.
    Batavia, IL 60510

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    Builder Community
    5 homes match your search

    • Offers

    Top New Home Cities in Chicago

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    City Communities Average New Home Price
    Plainfield 9 $334,133
    Naperville 8 $560,901
    Joliet 6 $252,187
    Yorkville 6 $267,373
    Elgin 6 $384,218
    Montgomery 5 $280,490
    Hawthorn Woods 4 $488,750
    Manhattan 4 $224,228
    Shorewood 4 $319,019
    Aurora 4 $283,588
    Lemont 4 $510,567
    Batavia 3 $340,391

    New Homes in Chicago by Region

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    Region Communities Average New Home Price
    Downtown Chicago 114 $1,215,000
    North Chicago 15 $425,000
    Northwest Chicago 7 $431,000
    South Chicago 34 $358,000
    Southwest Chicago 146 $452,000