CONSTRUCTION PIPELINE

Chicago Q3 2025

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

Construction Pipeline

Pre-Lease Absorption Rate by Month

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Note on Pipeline Coverage
For clarity, this report does not track prospective/proposed developments. The volume of early-stage proposals continues to expand and often lacks sufficient detail, timeline certainty, or likelihood of delivery to provide reliable insight.
Instead, our focus remains on projects that have advanced further in the development cycle—specifically those under construction, and in the planning stages. This ensures the pipeline data reflects projects with higher execution probability and more direct implications for market supply.
Disclaimer: The property data depicted in our reports is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 8/18/2025, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZip CodeUnit CountProperty StatusForecasted Completion DateStart Of Rent Up
Canvas at Crown Point484 East 127th AvenueCrown PointIN46307176In Pre-Lease / Lease Up Phase10/31/202408/01/2024
Redwood Aurora1241 Coffeeberry LaneAuroraIL60506139In Pre-Lease / Lease Up Phase10/31/202408/01/2024
Acadia Place at Cambridge Lakes North1339 Grand Tetons DrivePingree GroveIL6014099In Pre-Lease / Lease Up Phase01/01/202512/01/2024
Sixty44 Residences6044 North Winthrop AvenueChicagoIL6066064In Pre-Lease / Lease Up Phase01/31/202512/31/2024
Water's Edge Apartment Homes311 Water’s Edge DriveCrystal LakeIL60014260In Pre-Lease / Lease Up Phase02/28/202512/31/2024
Lucca Fox Valley3955 Fox Valley Center DriveAuroraIL60504323In Pre-Lease / Lease Up Phase03/31/202501/01/2024
Metro 19519 Lawrence AvenueRoselleIL60172295In Pre-Lease / Lease Up Phase05/31/202502/28/2025
Nevéseno1717 South Michigan AvenueChicagoIL60616149In Pre-Lease / Lease Up Phase05/31/202503/31/2025
Redwood Fox River Grove205 Trillium DriveFox River GroveIL60021110In Pre-Lease / Lease Up Phase05/31/202504/01/2025
Belfield3914 N Lincoln AveChicagoIL6061368In Pre-Lease / Lease Up Phase06/30/202505/01/2025
Westhaven Park Station145 N Damen StChicagoIL6061296In Pre-Lease / Lease Up Phase06/30/202505/31/2025
Seasons at Elgin2611 Hopps RoadElginIL60124280In Pre-Lease / Lease Up Phase07/31/202505/01/2025
Novú6633 North Milwaukee AvenueNilesIL60714180In Pre-Lease / Lease Up Phase08/31/202506/30/2025
Authentix South Elgin1343 Comstock RdSouth ElginIL60177-2715336In Pre-Lease / Lease Up Phase09/01/202506/01/2025
Barry Quad Phase II847 West Barry AvenueChicagoIL6065750In Pre-Lease / Lease Up Phase09/01/202508/01/2025
1434 Fillmore1434 West Fillmore StreetChicagoIL6060750In Pre-Lease / Lease Up Phase09/01/202508/30/2025
224 S Ashland Ave224 S Ashland AveChicagoIL6060756In Pre-Lease / Lease Up Phase09/01/202508/30/2025
Springs at Mundelein400 S Butterfield RdMundeleinIL60060-9460147In Pre-Lease / Lease Up Phase09/01/202508/30/2025
Taylor Place4103 W Crystal Lake RdMcHenryIL60050-420350In Pre-Lease / Lease Up Phase09/01/202508/30/2025
The Carmen952 W Carmen AveChicagoIL60640-322577In Pre-Lease / Lease Up Phase09/01/202508/30/2025
Nuvo Flats9047 Connecticut StMerrillvilleIN46410275In Pre-Lease / Lease Up Phase09/30/202507/31/2025
Redwood Merrillville8413 Jennings PlMerrillvilleIN46410155Under Construction10/01/2025
The Henry At Harms Woods5424 Old Orchard RdSkokieIL60077-1177307Under Construction10/01/2025
The Linc217 East LincolnwayValparaisoIN46383121Under Construction11/01/2025
Springs at Lockport16551 West Springs CircleLockportIL60441320Under Construction12/31/2025
1549 North Fremont Street1549 North Fremont StreetChicagoIL60642132Under Construction12/31/2025
East Bank Apartments100 N BroadwayAuroraIL60505246Under Construction01/01/2026
Rock Run Crossing1800 Crossroads DrJolietIL60431570Under Construction01/01/2026
The Franklin at 11th Street Station1010 Franklin StMichigan CityIN46360220Under Construction01/31/2026
1310 Ashland Avenue1310 South Ashland AvenueChicagoIL6060872Under Construction01/31/2026
The Karrick5506 7th AvenueKenoshaWI53140158Under Construction03/31/2026
220 N Ada St220 N Ada StChicagoIL60607308Under Construction03/31/2026
Ravenswood Avenue3605 North Ravenswood AvenueChicagoIL6061354Under Construction04/01/2026
Shiva Apartments12208 Princeton DrHuntleyIL60142293Under Construction04/01/2026
The Magnuson8200 Greenway BlvdTinley ParkIL60487144Under Construction04/30/2026
Aberdeen Crossing1100 W Grand AveChicagoIL6064299Under Construction04/30/2026
1101 W Berwyn Ave1101 W Berwyn AveChicagoIL60640-230156Under Construction05/01/2026
Pelouze Building Redevelopment230 East Ohio StreetChicagoIL6061172Under Construction05/31/2026
Cerca1850 Glenview RoadGlenviewIL6002562Under Construction05/31/2026
Loop Building79 West Monroe StreetChicagoIL60603117Under Construction05/31/2026
Springs at Lake Cook Crossing400 Spring Cress RoadDeerfieldIL60015254Under Construction05/31/2026
Yorktown Reserve230 Yorktown Shopping CtrLombardIL60148621Under Construction06/01/2026
Arlington Heights Gateway2375 S Arlington Heights RdArlington HeightsIL60005301Under Construction06/01/2026
Enclave Galewood1619 North Neva AvenueChicagoIL60707150Under Construction06/30/2026
211 W Main St211 W Main StCarpentersvilleIL60110-1771130Under Construction08/01/2026
The Reserve at Hudson Crossing - Phrase II13-15 N Adams StOswegoIL60543104Under Construction08/01/2026
118 S Clinton St118 S Clinton StChicagoIL60661-362870Under Construction09/01/2026
The Faywell220 W Liberty DrWheatonIL60187-5126334Under Construction09/01/2026
Covent Phase II537 West Drummond PlaceChicagoIL6061484Under Construction09/30/2026
The Leo at Bristol7887 132nd AvenueBristolWI53104230Under Construction10/31/2026
The Ave3601 W Chicago AveChicagoIL60651-393452Under Construction11/01/2026
Huntley Crossing13001 Route 47HuntleyIL60142308Under Construction12/31/2026
Parkside 5520 West Hobbie StreetChicagoIL6061099Under Construction12/31/2026
Legends South A34520 S State StChicagoIL6060952Under Construction02/01/2027
North Tower400 N Lake Shore DrChicagoIL60611635Under Construction03/31/2027
District at Veridian1301 East Algonquin RoadSchaumburgIL60196300Under Construction04/30/2027
111 W Illinois St111 W Illinois StChicagoIL60654153Under Construction07/01/2027
36299 IL Route 8336299 IL Route 83Round Lake BeachIL60073204Under Construction07/01/2027
370 N Morgan St370 N Morgan StChicagoIL60607494Under Construction08/01/2027
Downtown Kenosha Redevelopment8th Avenue & 52nd StreetKenoshaWI53140100Planned
Savannah at Pike Creek Phase II1700 64th AvenueKenoshaWI53144148Planned
Inspire Prairie Springs11423 110th StreetPleasant PrairieWI53158710Planned
Strawberry Fields13620 75th StreetBristolWI53104798Planned
36299 North Barron Blvd36299 North Barron BlvdRound Lake BeachIL60073204Planned
Delany Point34850 North Delany RoadWaukeganIL60085364Planned
Lakeside Tower Redevelopment200 Julian StreetWaukeganIL60085150Planned
East Hawley Street & Plaza CircleEast Hawley Street & Plaza CircleMundeleinIL60060250Planned
395 Pathway Court395 Pathway CourtCrystal LakeIL60014220Planned
Jade Residences at Three Oaks551 Congress PkwyCrystal LakeIL6001493Planned
Mylo Barrington300 North Hough StreetBarringtonIL60010125Planned
Deerfield Parkway15989 Deerfield PkwyBuffalo GroveIL60069120Planned
Bell Works Chicagoland2000 Center DriveHoffman EstatesIL60192375Planned
Bison Crossing945 Dundee RoadBuffalo GroveIL60089224Planned
Mylo Arlington Heights116 West Eastman StreetArlington HeightsIL60004135Planned
Arista1383 Barber Greene RoadDeKalbIL6011561Planned
Bella Casa Square880 Summit StreetElginIL60120151Planned
622 Graceland Avenue622 Graceland AvenueDes PlainesIL60016131Planned
Vue at Elk Grove VillageSouth Arlington Heights Road & East Higgins RoadElk Grove VillageIL60007286Planned
The Union100 South Villa AvenueVilla ParkIL60181238Planned
The GroveSeavey Road & State Route 47Sugar GroveIL60119350Planned
Springs at AuroraIndian Trail & Orchard RoadAuroraIL60506340Planned
Fourteen Forty Nine Senior Estates Phase II1449 Jericho CircleAuroraIL6050650Planned
Pacifica Riverview309 North River StreetAuroraIL60506187Planned
4919 Forest Avenue4919 Forest AvenueDowners GroveIL6051562Planned
Redwood Oswego Phase II317 Madrone DriveOswegoIL6054381Planned
Riverwalk Homes Redevelopment350 North Broadway StreetJolietIL60435177Planned
View at RockRunNEC Interstate 55 & Interstate 80JolietIL60431264Planned
West Point at Harmony Square67th Avenue & 173rd StreetTinley ParkIL60477123Planned
The Monarch Flats & Townhomes9101 Taft StreetMerrillvilleIN46410320Planned
Lifestyles of MantenoNEC Marquette Place South & Southcreek DriveMantenoIL6095060Planned
5th & Pine5th Street & Pine StreetMichigan CityIN46360500Planned
Tyron MeadowState Road 212 & Tryon RoadMichigan CityIN46360128Planned
Frost Flats6523 14th AvenueKenoshaWI5314372Planned
Park55 Parkway NorthDeerfieldIL60015144Planned
1801 West Grace Street1801 West Grace StreetChicagoIL6061362Planned
626 South Wabash Avenue626 South Wabash AvenueChicagoIL60605164Planned
Parcel O Tower195 North Columbus DriveChicagoIL60601607Planned
Riverline Tower1010 South Wells StreetChicagoIL60607386Planned
Wabash & Van Buren410 South Wabash AvenueChicagoIL60605344Planned
1630 South Wabash Avenue1630 South Wabash AvenueChicagoIL60605149Planned
1730 South Wabash Avenue1730 South Wabash AvenueChicagoIL60616110Planned
4600 Main Street4600 Main StreetSkokieIL6007668Planned
One Winnetka740 Elm StreetWinnetkaIL6009359Planned
Golf Mill Shopping Center Redevelopment239 Golf Mill CenterNilesIL60714305Planned
Westfield Old Orchard4999 Old Orchard RoadSkokieIL60077675Planned
Peoples Gas Redevelopment3955 North Kilpatrick AvenueChicagoIL60641253Planned
Boulevard Apartments Preservation Redevelopment1940 North Humboldt BlvdChicagoIL6064770Planned
Pershing Road1769 West Pershing RoadChicagoIL60609120Planned
910 Custer Avenue910 Custer AvenueEvanstonIL60202230Planned
3950 North Damen Avenue3950 North Damen AvenueChicagoIL60618130Planned
4640 North Western Avenue4640 North Western AvenueChicagoIL6062574Planned
5356 North Sheridan Road5356 North Sheridan RoadChicagoIL6064050Planned
1649 North Halsted Street1649 North Halsted StreetChicagoIL60614131Planned
1840 North Marcey Street1840 North Marcey StreetChicagoIL60614590Planned
2033 North Kingsbury Street2033 North Kingsbury StreetChicagoIL60614355Planned
1333 North Kingsbury Street1333 North Kingsbury StreetChicagoIL60642272Planned
1565 North Clybourn Avenue1565 North Clybourn AvenueChicagoIL60610396Planned
500 North Michigan Avenue500 North Michigan AvenueChicagoIL60611320Planned
547 West Oak Street547 West Oak StreetChicagoIL6061078Planned
Clybourn Avenue & Larrabee Street1450 North Larrabee StreetChicagoIL60610526Planned
Halsted Pointe901 North Halsted StreetChicagoIL60642460Planned
Halsted Street & Division StreetWest Division Street & North Halsted StreetChicagoIL60642100Planned
Tribune Tower East421 North Michigan AvenueChicagoIL60611439Planned
West Chestnut330 West Chestnut StreetChicagoIL60610128Planned
105 West Adams Street105 West Adams StreetChicagoIL60603400Planned
135 South LaSalle Street Redevelopment135 South LaSalle StreetChicagoIL60603430Planned
208 South La Salle Street208 South La Salle StreetChicagoIL60604226Planned
The Field135 South La Salle StreetChicagoIL60604386Planned
Monroe Residences and Hotel111 West Monroe StreetChicagoIL60603345Planned
23rd Place at Southbridge Phase II2300 South State StreetChicagoIL6061680Planned
The 78SWC South Clark Street & West Roosevelt RoadChicagoIL60605100Planned
Bronzeville Lakefront2929 South Ellis AvenueChicagoIL60616100Planned
Flats on Federal3300 South Federal StreetChicagoIL60616102Planned
Edison Park6750 North Northwest HwyChicagoIL6063182Planned
Laramie State Bank Redevelopment5200 West Chicago AvenueChicagoIL6065178Planned
400 North Elizabeth Street400 North Elizabeth StreetChicagoIL60642383Planned
400 North Elizabeth Street Phase II400 North Elizabeth StreetChicagoIL60642341Planned
400 North Morgan Street400 North Morgan StreetChicagoIL60642478Planned
420 North May Street420 North May StreetChicagoIL60642587Planned
455 North Carpenter Street455 North Carpenter StreetChicagoIL6064272Planned
Avenir Phase II730 North Milwaukee AvenueChicagoIL6064250Planned
Halsted Landing700 West Chicago AvenueChicagoIL60654688Planned
1016 West Jackson Blvd1016 West Jackson BlvdChicagoIL60607380Planned
1200 West Fulton Street1200 West Fulton StreetChicagoIL60607100Planned
1201 West Fulton1201 West Fulton MarketChicagoIL60607433Planned
1221 West Washington Boulevard1221 West Washington BlvdChicagoIL60607287Planned
1234 West Randolph Street1234 West Randolph StreetChicagoIL60607395Planned
1300 West Carroll Avenue1300 West Carroll AvenueChicagoIL60607361Planned
1300 West Lake Street1300 West Lake StreetChicagoIL60607593Planned
210 North Morgan Street210 North Morgan StreetChicagoIL60607204Planned
301 South Green Street301 South Green StreetChicagoIL60607362Planned
370 North Morgan Street370 North Morgan StreetChicagoIL60607494Planned
375 North Morgan Street375 North Morgan StreetChicagoIL60607460Planned
601 West Monroe Street601 West Monroe StreetChicagoIL60661562Planned
601 West Monroe Street Phase II601 West Monroe StreetChicagoIL60661491Planned
Amylu South1143 West Lake StreetChicagoIL60607667Planned
District Haus1744 West Hastings StreetChicagoIL6060872Planned
Pilsen Foundry Lofts1600 South Laflin StreetChicagoIL6060884Planned
Le Claire Courts4458 South Cicero AvenueChicagoIL60638183Planned

METHODOLOGY

Bryan-Sullivan-V2

Bryan Sullivan

Managing Director

bryan.sullivan@mmgrea.com

Connor-Hobbs

Connor Hobbs

Associate Advisor

connor.hobbs@mmgrea.com

Michael Nasca

Michael Nasca

Associate Advisor

michael.nasca@mmgrea.com

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Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

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