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New Construction Homes for Sale in River Forest, IL

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    $1,200,000 Lot/Land

    1101 Bonnie Brae Place, River Forest, IL 60305

    • 0.42 Acre
    • $2,857,143 per Acre

    Rare opportunity to purchase 100x184.53 lot in River Forest. Possibility to build up to 11 condos or townhomes (buyer to confirm). Currently vacant lot, paved for parking. Buyer to complete all necessary due diligence.

    Tim Sheahan Compass

    1101 Bonnie Brae Place, River Forest, IL 60305
  • /19

    $4,500,000 Lot/Land

    7521 Madison St, Forest Park, IL 60130

    • 0 Acre

    Incredible Redevelopment or Investment Opportunity! Over 38,000 sq. ft. single-story former bank with dedicated drive-thru and adjacent restaurant. Massive basement offers excellent accessibility and potential indoor parking for 100+ cars. Positioned on a high-traffic corridor surrounded by popular shops, restaurants, and specialty stores. Ideal site for a luxury residential rental development or

    Barry Newman eXp Realty

    7521 Madison St, Forest Park, IL 60130
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    $739,900 Lot/Land

    1125 Erie St, Oak Park, IL 60302

    • 0.21 Acre
    • $3,523,333 per Acre

    Perfect location for your next project. Land already cleared. Picture is a rendering of a possible project!! Can build 7 units, by right. Or possibly apply for a Planned Development and go to 5 stories and 12 total units, with ground floor parking. Buyer responsible for their own due diligence.

    Tim Sheahan Compass

    1125 Erie St, Oak Park, IL 60302

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in River Forest, IL usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in River Forest, IL hold their value?
Yes, especially in fast-growing areas of River Forest, IL. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in River Forest, IL

Housing Trends

Median Sale Price
$662,500
Median Single Family Sale Price
$950,000
Median Townhouse Sale Price
$374,250
Median 2 Bedroom Sale Price
$275,000
Median 1 Bedroom Sale Price
$159,000
Average Price Per Sq Ft
$303
Number of Homes for Sale
16
Last 12 months Home Sales
174
Months of Supply
1.10
Median List Price
$635,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
12%
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