Chicago Suburban Construction Pipeline 1Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Prospective

21,002 Units

Planned

8,097 Units

Under Construction

2,620 Units

UC/Lease-Up

3,349 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

*The chart displays Multifamily Starts data that include construction activities in overall  Chicago market (urban and suburban combined

Chicago Suburban Submarket Breakdown

Chicago Suburban Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. 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.

Full Data Table

SubmarketProperty NameAddressCityStateZIPUnit CountProperty Status
1 - Kenosha - northKenosha Uptown Lofts6204 22nd AvenueKenoshaWI53143107Under Construction/Lease-Up
17 - Arlington HeightsUnion231 Wheeling RoadWheelingIL6009053Under Construction/Lease-Up
26 - LombardVyne on Haven115 West 1st StreetElmhurstIL60126200Under Construction/Lease-Up
34 - YorkvilleEmblem Oswego2000 Emblem CircleOswegoIL60543312Under Construction/Lease-Up
38 - Palos Heights - Oak ForestOne Fifty Seven Oak Forest4800 157th StreetOak ForestIL6045290Under Construction/Lease-Up
13 - Crystal LakeEnclave Crystal Lake101 East Crystal Lake AvenueCrystal LakeIL6001499Under Construction/Lease-Up
23 - St CharlesSprings at St. Charles405 Smith RoadSt. CharlesIL60174340Under Construction/Lease-Up
10 - MundeleinMorris Station538 Morris AvenueMundeleinIL60060139Under Construction/Lease-Up
20 - SchaumburgSeasons at Hoffman Estates1800 Autumn DriveHoffman EstatesIL60169296Under Construction/Lease-Up
34 - YorkvilleBristol Bay of Yorkville271 Barrett DriveYorkvilleIL60560240Under Construction/Lease-Up
34 - YorkvilleHome at Ashcroft137 Dorset AvenueOswegoIL60543178Under Construction/Lease-Up
52 - Outlying Will CountyLincoln Station208 North Prairie RoadNew LenoxIL60451220Under Construction/Lease-Up
31 - Naperville - westMcDowell Point1420 West Diehl RoadNapervilleIL60563174Under Construction/Lease-Up
35 - BolingbrookSeasons at Plainfield13915 South Autumn WayPlainfieldIL60544320Under Construction/Lease-Up
2 - Kenosha - southWaters at Pike Creek, The6965 70th CourtKenoshaWI53142130Under Construction/Lease-Up
39 - JolietRedwood Lockport17215 Juniper DriveLockportIL60491112Under Construction/Lease-Up
23 - St CharlesReserve at Prairie Centre Phase II, The2049 Marlowe BlvdSt. CharlesIL60174499Under Construction/Lease-Up
1 - Kenosha - northKenosha Pointe5610 37th AvenueKenoshaWI5314450Prospective
5 - McHenry - Round LakeTaylor Place812 Mill StreetMcHenryIL6005050Planned
12 - Huntley - WoodstockPlum Creek of Crystal Lake8300 US Route 14Crystal LakeIL60012200Prospective
13 - Crystal LakeCommonwealth Senior LoftsCommonwealth Drive & Congress PkwyCrystal LakeIL6001452Prospective
15 - CarpentersvilleGardiner Place Seniors Phase II251 River Haven DriveEast DundeeIL6011870Prospective
15 - CarpentersvilleSpring Hill Senior Residences Phase II939 West Main StreetWest DundeeIL60118110Prospective
21 - Mt ProspectBlue Sky Residence946 North AvenueDes PlainesIL6001655Planned
29 - WheatonSouth Exmoor Avenue & Roosevelt RoadSouth Exmoor Avenue & Roosevelt RoadGlen EllynIL6013756Prospective
30 - AuroraFourteen Forty Nine Senior Estates1449 Jericho CircleAuroraIL6050670Planned
34 - Yorkville570 Colchester Drive570 Colchester DriveOswegoIL6054350Prospective
35 - Bolingbrook103rd Street103rd Street & State Route 59NapervilleIL6056472Prospective
35 - BolingbrookGreenleaf Redevelopment502 Kildeer DriveBolingbrookIL60440321Under Construction
39 - JolietJC Murphy Lofts311 North Ottawa StreetJolietIL60432139Prospective
42 - Chicago Heights - northOtto Veterans Square1423 Chicago RoadChicago HeightsIL6041182Under Construction
44 - Gary - westLakeshore ManorEast 136th Street & Guthrie StreetEast ChicagoIN46312206Under Construction
52 - Outlying Will CountySt. Elizabeth Senior Residences Phase I & II24550 South Navajo DriveChannahonIL60410109Prospective
1 - Kenosha - north52nd Street & 56th Avenue52nd Street & 56th AvenueKenoshaWI53144100Prospective
1 - Kenosha - northDiamond Estates of Somers743 Sheridan RoadKenoshaWI5314068Planned
1 - Kenosha - northFox Meadowview50th Street & 52nd AvenueKenoshaWI53144144Prospective
1 - Kenosha - northGreeneway Residences5522 104th AvenueKenoshaWI53144360Planned
1 - Kenosha - northHawthorn Phase II1070 59th AvenueKenoshaWI53144140Prospective
1 - Kenosha - northKenosha Innovation Neighborhood56th Street & Green Bay RoadKenoshaWI53144100Prospective
1 - Kenosha - northMaples at Somers, The9401 18th StreetKenoshaWI53144746Prospective
1 - Kenosha - northSavannah Pike Creek18th Street & Green Bay RoadKenoshaWI53144190Prospective
1 - Kenosha - northSavannah Pike Creek Phase II18th Street & Green Bay RoadKenoshaWI53144148Prospective
1 - Kenosha - northSimmons Terrace5939 7th AvenueKenoshaWI53140101Prospective
1 - Kenosha - northSomersville72nd Avenue & Somers RoadKenoshaWI53144396Planned
1 - Kenosha - northTheater Terrace5945 6th AvenueKenoshaWI5314061Under Construction
2 - Kenosha - south104th Avenue82nd Street & 104th AvenuePleasant PrairieWI53158459Prospective
2 - Kenosha - south63rd Avenue & 93rd Street63rd Avenue & 93rd StreetPleasant PrairieWI53158100Prospective
2 - Kenosha - southAuthentix Pike Creek6541 60th StreetKenoshaWI53144312Prospective
2 - Kenosha - southSeasons at River View Phase II10906 Seasons PlacePleasant PrairieWI53158159Planned
3 - BristolLeo at Bristol, The75th Street & 130th AvenueBristolWI53104531Prospective
3 - BristolStrawberry Fields13620 75th StreetBristolWI53104798Planned
5 - McHenry - Round Lake36299 North Barron Blvd36299 North Barron BlvdRound Lake BeachIL60073204Prospective
5 - McHenry - Round LakeBlake Blvd Senior LoftsBlake Road & State Route 31McHenryIL6005052Prospective
5 - McHenry - Round LakeResidences of Fox Meadows1840 Aastri DriveMcHenryIL60050270Under Construction
5 - McHenry - Round LakeResidences of Fox Meadows Phase II1840 Aastri DriveMcHenryIL60050270Planned
9 - WaukeganArmory Terrace1701 North McAree RoadWaukeganIL6008550Prospective
9 - WaukeganBelvidere Road & South Thaxter AvenueBelvidere Road & South Thaxter AvenueWaukeganIL60085190Prospective
9 - WaukeganDelany Point34850 North Delany RoadWaukeganIL60087364Planned
9 - WaukeganGreen Town RedevelopmentSWC South Sheridan Road & Washington StreetWaukeganIL60085200Prospective
10 - MundeleinBeech Street Senior Lofts27888 North Beech StreetIsland LakeIL6004252Under Construction
10 - MundeleinCornerstone of GrayslakeSWC Peterson Road & State Route 83GrayslakeIL60030100Prospective
10 - MundeleinEast Hawley Street & Plaza CircleEast Hawley Street & Plaza CircleMundeleinIL60060230Planned
10 - MundeleinIvanhoe Farms21888 State Route 60MundeleinIL60060100Prospective
10 - MundeleinSB Mundelein Station444 East Courtland StreetMundeleinIL60060201Prospective
10 - MundeleinStation 250250 Plaza CircleMundeleinIL60060166Under Construction
11 - Highland Park - Libertyville1610 Deerfield Road1610 Deerfield RoadHighland ParkIL60035381Prospective
12 - Huntley - WoodstockMill Street & Route 47NWC Mill Street & State Route 47HuntleyIL60142196Prospective
12 - Huntley - WoodstockResidences of AlgonquinSEC West Algonquin Road & Wentworth DriveAlgonquinIL6010260Prospective
13 - Crystal Lake395 Pathway Court395 Pathway CourtCrystal LakeIL60014312Prospective
13 - Crystal Lake422 West Krenz Avenue422 West Krenz AvenueCaryIL60013254Prospective
13 - Crystal Lake755 South Main Street755 South Main StreetCrystal LakeIL6001477Prospective
13 - Crystal LakeCrystal Village110 West Woodstock StreetCrystal LakeIL6001488Prospective
13 - Crystal LakeFox River Grove Phase II401 Algonquin RoadFox River GroveIL60021200Prospective
13 - Crystal LakeFox River Grove Phase IIIAlgonquin Road & Lincoln AvenueFox River GroveIL60021176Prospective
13 - Crystal LakeIndustrial Drive & Reuben LaneNWC Industrial Drive & Reuben LaneCaryIL6001398Prospective
13 - Crystal LakeJade Residences at Three Oaks, The551 Congress PkwyCrystal LakeIL6001493Prospective
13 - Crystal LakeRedwood Townhomes1120 Central Park DriveCrystal LakeIL60014120Planned
13 - Crystal LakeRedwood Townhomes Phase II1120 Central Park DriveCrystal LakeIL6001489Prospective
13 - Crystal LakeRedwood Townhomes Phase III1120 Central Park DriveCrystal LakeIL6001496Prospective
13 - Crystal LakeWater's Edge at Three Oaks5641 Northwest HwyCrystal LakeIL60014260Planned
14 - Buffalo Grove15989 Deerfield Pkwy15989 Deerfield PkwyBuffalo GroveIL60069120Planned
14 - Buffalo Grove250, TheLake Cook Road & McHenry RoadBuffalo GroveIL60089295Under Construction
14 - Buffalo GroveLake Zurich Road & North Quentin RoadLake Zurich Road & North Quentin RoadEla TownshipIL6004760Prospective
15 - Carpentersville300 North Hough Street300 North Hough StreetBarringtonIL60010125Planned
15 - CarpentersvilleBell Works Chicagoland2000 Center DriveHoffman EstatesIL60192375Planned
15 - CarpentersvilleColosseum, TheLongmeadow Pkwy & South Randall RoadAlgonquinIL60102325Prospective
15 - CarpentersvilleIron Flats211 West Main StreetCarpentersvilleIL60110130Planned
15 - CarpentersvillePlum FarmsWest Higgins Road & Old Sutton RoadHoffman EstatesIL60192310Planned
15 - CarpentersvillePlum FarmsNWC West Higgins Road & Sutton RoadHoffman EstatesIL60192230Prospective
16 - Palatine180 North Smith Street180 North Smith AvenuePalatineIL6006785Prospective
16 - PalatineDistricts at Veridian1297 East Algonquin RoadSchaumburgIL60173574Prospective
16 - PalatineLofts, The850 East Algonquin RoadSchaumburgIL60173411Planned
16 - PalatinePriya Living at Veridian2171 Parkside DriveSchaumburgIL60173182Prospective
17 - Arlington Heights300 Pointe Drive300 Pointe DriveNorthbrookIL6006280Prospective
17 - Arlington Heights625 Wheeling Road625 Wheeling RoadWheelingIL6009050Prospective
17 - Arlington HeightsForest View350 East Dundee RoadWheelingIL6009053Prospective
17 - Arlington HeightsFourNorth4 North Hickory AvenueArlington HeightsIL6000476Under Construction
17 - Arlington HeightsMylo Arlington Heights116 West Eastman StreetArlington HeightsIL60004135Prospective
17 - Arlington HeightsOak Avenue1001 Oak AvenueProspect HeightsIL6007069Prospective
17 - Arlington HeightsShorewood945 Dundee RoadBuffalo GroveIL60089224Prospective
18 - DeKalb2156 Primm Drive2156 Primm DriveSycamoreIL6017866Prospective
18 - DeKalbArista1383 Barber Greene RoadDeKalbIL6011561Planned
18 - DeKalbCity Hall Suites200 South 4th StreetDeKalbIL6011576Under Construction
18 - DeKalbDeKalb CommonsLincoln Hwy & North Peace RoadDeKalbIL60115585Prospective
18 - DeKalbSt. Albans Greens Redevelopment711 South Main StreetSycamoreIL6017868Under Construction
19 - ElginBella Casa Square880 Summit StreetElginIL60120151Planned
19 - ElginSeasons at Elgin2601 Hopps RoadElginIL60124280Prospective
20 - SchaumburgDelamore, TheNEC Barrington Road & Boardwalk BlvdHoffman EstatesIL60169600Prospective
20 - SchaumburgHyatt Residential Development at Woodfield1800 East Golf RoadRolling MeadowsIL60008208Prospective
21 - Mt Prospect2200 East Devon Avenue2200 East Devon AvenueDes PlainesIL60018100Prospective
21 - Mt Prospect3031 Salt Creek Lane3031 Salt Creek LaneArlington HeightsIL60005145Prospective
21 - Mt Prospect622 Graceland Avenue622 Graceland AvenueDes PlainesIL60016131Planned
21 - Mt ProspectBlock 56East Busse Avenue & South Emerson StreetMount ProspectIL60056250Prospective
21 - Mt ProspectContour Place1217 Thacker StreetDes PlainesIL60016106Prospective
21 - Mt ProspectHQ Residences112 East Northwest HwyMount ProspectIL6005688Under Construction
21 - Mt ProspectSurrey Ridge Senior ResidencesSouth Milbrook Lane & South Surrey Ridge DriveArlington HeightsIL6000574Prospective
21 - Mt ProspectTrammell Crow Senior2045 South Arlington Heights RoadArlington HeightsIL60005193Prospective
22 - Bensenville372 N Wood Dale Road372 North Wood Dale RoadWood DaleIL60191178Prospective
22 - BensenvilleElk Woods LoftsSouth Arlington Heights Road & East Higgins RoadElk Grove VillageIL60007286Prospective
23 - St Charles200 North Riverside Avenue200 North Riverside AvenueSt. CharlesIL60174140Prospective
23 - St CharlesCharlestowne Mall Redevelopment3740 East Main StreetSt CharlesIL60174340Prospective
24 - RoselleMetro 19519 Lawrence AvenueRoselleIL60172295Under Construction
26 - LombardEco Terra405 Ardmore AvenueVilla ParkIL60181348Planned
26 - LombardEsplanade at Locust PointFinley Road & Lacey RoadDowners GroveIL60515297Prospective
26 - LombardGolf Social600 East Butterfield RoadLombardIL60148100Prospective
26 - LombardHaven at Highland, The2001 South Highland AvenueLombardIL60148144Planned
26 - LombardNorth Larch Avenue Townhomes231 North Larch AvenueElmhurstIL6012650Prospective
26 - LombardYorktown Center230 Yorktown Shopping CenterLombardIL60148700Prospective
27 - ElbumGrove, TheSeavey Road & State Route 47Sugar GroveIL60119350Prospective
28 - Batavia365 Shumway Avenue365 Shumway AvenueBataviaIL60510167Prospective
28 - BataviaCityGate WestState Route 59 & Westings AvenueNapervilleIL60563410Prospective
28 - BataviaCornerstoneKirk Road & East State StreetGenevaIL60134250Prospective
28 - BataviaFarmingdale2135 City Gate LaneNapervilleIL60563184Prospective
28 - BataviaRiver View WestFerry Road & Torch PkwyWarrenvilleIL6055560Under Construction
28 - BataviaRiverview West28301 Ferry RoadWarrenvilleIL60555107Prospective
29 - WheatonBanner Willow AvenueSouth Wheaton Avenue & West Willow AvenueWheatonIL60187306Prospective
29 - WheatonGlenwood Station464 Glenwood AvenueGlen EllynIL6013786Under Construction
29 - WheatonHale StreetSouth Hale Street & West Liberty DriveWheatonIL60187334Planned
30 - AuroraAurora Lights116 West New York StreetAuroraIL6050654Planned
30 - AuroraEast Bank100 North BroadwayAuroraIL60505258Planned
30 - AuroraPacifica Riverview309 North River StreetAuroraIL60506197Planned
30 - AuroraRedwood of AuroraWest Indian Trail & North Randall RoadAuroraIL60506198Planned
31 - Naperville - westLumen at Fox Valley Phase II4450 Fox Valley Center DriveAuroraIL60504323Prospective
31 - Naperville - westMetro 59 Phase II1016 Station BlvdAuroraIL60504228Prospective
32 - Naperville - eastLisle - Family Square4701 Main StreetLisleIL60532176Prospective
33 - Downers GroveAutumn OaksKensington Court & Kensington RoadOak BrookIL60523170Prospective
33 - Downers GroveCivic Center Redevelopment801 Burlington AvenueDowners GroveIL60515100Prospective
33 - Downers GroveOak Brook Reserve31st Street & Jorie BlvdOak BrookIL60523100Prospective
34 - YorkvilleFox Ridge StoneMinkler Road & State Route 71Oswego TownshipIL60560100Prospective
34 - YorkvilleRoth Road & Wolf's Crossing RoadRoth Road & Wolf's Crossing RoadOswegoIL60543321Planned
35 - BolingbrookBelvedere, The24254 111th StreetNapervilleIL60564212Under Construction
35 - BolingbrookRedwood at PlainfieldWest 143rd Street & South Steiner RoadPlainfieldIL60544223Prospective
37 - Hickory HillsJade Residences at Waterfall Glen, The2305 Sokol CourtDarienIL6056170Under Construction
39 - JolietRiverwalk Homes Redevelopment350 North Broadway StreetJolietIL60435177Planned
39 - JolietRock Run Crossing Phase IINEC Interstate 55 & Interstate 80JolietIL60431315Prospective
39 - JolietView at RockRun, TheNEC Interstate 55 & Interstate 80JolietIL60431264Planned
40 - Orland ParkBoulevard at Central Station Phase II6701 South StreetTinley ParkIL6047799Prospective
40 - Orland ParkMelody Square Subdivision183rd Street & Harlem AvenueTinley ParkIL60477300Prospective
40 - Orland ParkPointe, TheNWC West 143rd Street & Southwest HwyOrland ParkIL6046264Prospective
40 - Orland ParkSprings at LockportWest 159th Street & Adelmann DriveLockportIL60441320Planned
40 - Orland ParkWest Point at Harmony Square67th Avenue & 173rd StreetTinley ParkIL60477125Prospective
42 - Chicago Heights - northMarket Square CrossingSouth Cicero Avenue & Lincoln HwyMattesonIL60443600Prospective
44 - Gary - westBanc, The5231 Hohman AvenueHammondIN46320100Under Construction
44 - Gary - westGary Manor1064 Jefferson CourtGaryIN4640260Prospective
44 - Gary - westLakeshore Manor4720 Railroad AvenueEast ChicagoIN46312206Prospective
44 - Gary - westTailor Row5230 Hohman AvenueHammondIN46320208Prospective
45 - Gary - eastSouth Calumet Road & East Porter AvenueSouth Calumet Road & East Porter AvenueChestertonIN4630462Prospective
45 - Gary - eastWaverly RoadUS Highway 20 & Waverly RoadPorterIN46304246Prospective
45 - Gary - eastWaverly Road Phase IIUS Highway 20 & Waverly RoadPorterIN4630472Prospective
46 - Gary - south22 West Joliet Street22 West Joliet StreetScherervilleIN46375100Prospective
46 - Gary - south93rd Avenue & Taft Street9101 Taft StreetMerrillvilleIN46410320Prospective
46 - Gary - southBroadway and Interstate 659047 Connecticut StreetMerrillvilleIN46410270Under Construction
46 - Gary - southConnecticut Street9000 Connecticut DriveMerrillvilleIN46410275Under Construction
46 - Gary - southWilson Street8200 Wilson StreetMerrillvilleIN46410100Prospective
47 - ValparaisoIndiana Avenue259 Indiana AvenueValparaisoIN46383100Prospective
47 - ValparaisoLinc, The217 LincolnwayValparaisoIN46383121Planned
49 - Outlying Kane CountyResidences at Pingree CreekDamisch Road & Highland AvenueElginIL60140306Planned
52 - Outlying Will CountyCentral Park East24740 West Eames StreetChannahonIL6041050Prospective
52 - Outlying Will CountyMagnuson, The19248 Magnuson LaneTinley ParkIL60477144Planned
1 - Kenosha - northFrost Flats6523 14th AvenueKenoshaWI5314372Planned
1 - Kenosha - northParkview CommonsBirch Road & Sheridan RoadKenoshaWI5314096Prospective
2 - Kenosha - southBreeze Landing30th Avenue & 80th StreetKenoshaWI53143264Prospective
8 - GrayslakeMonastery32551 State Highway 21LibertyvilleIL60048456Prospective
13 - Crystal LakeGrove Residences, The401 Algonquin RoadFox River GroveIL60021100Under Construction
17 - Arlington HeightsArlington 425225 West Campbell StreetArlington HeightsIL60005319Prospective
21 - Mt ProspectArlington Heights GatewayEast Algonquin Road & South Arlington Heights RoadArlington HeightsIL60005301Prospective
31 - Naperville - west5th AvenueEast 5th Avenue & North Washington StreetNapervilleIL60563292Prospective

RETURN TO
NATIONAL MAP

METHODOLOGY

Image of Kieth Cade

Keith Cade

Senior Director

keith.cade@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

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AS FEATURED IN

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.