New Construction Set to Take Off in New Year
In the wake of the pandemic, supply chain issues and labor shortages resulted in a historic inventory squeeze on new construction. However, as those constraints begin to ease, the number of new homes on the market is stabilizing, slowly returning to normal levels. According to Cyndy Salgado, executive vice president with @properties Development Group, which handles sales and marketing for residential developments nationwide, the stage is currently set for more new construction to hit the market, with a healthy pipeline of projects that will continue to deliver into 2023 and beyond. Here is a window into new homes currently on the market in Chicagoland.
5627 Childs Ave., Hinsdale – $2,499,900
This new-construction residence is available for immediate delivery and situated on a large corner lot. It offers five bedrooms, five full baths, and two half baths. There’s no end to the customized luxury within this stunner. The kitchen features high-end cabinetry in contrasting white and charcoal tones with gold hardware; a massive island; four Wolf ovens; and an integrated Sub-Zero refrigerator and freezer. There is also a second kitchen near the back of the home, designed for easy entertaining indoors or out. A three-season room with floor-to-ceiling windows opens to a large paver-patio, pergola, and in-ground pool. Soaring 10-foot ceilings and countless windows further amplify an exceptional open-concept floor plan. Other conveniences include a three-car garage, large mudroom with built-in storage and laundry room, additional second floor laundry room. The lower level features a large rec room, exercise room, and space that has been prepped for a golf simulator.
1648 W. Wolfram St., Chicago – $2,180,000
This luxury home is move-in ready and sits within Wolfram 18, a new development of 18 single-family residences straddling two of Chicago’s most coveted neighborhoods – Lincoln Park and Lakeview. The home has five bedrooms, four baths, and two half baths, and is nestled on a quiet tree-lined street close to shopping, dining, public transportation, and sought-after Chicago Public schools. The main floor features 10’6” ceilings and large windows throughout. Dark wood cabinetry in the kitchen and butler’s pantry is offset by white quartz countertops and backsplash. The second floor features three bedrooms, including the primary suite, and a laundry room, while the third floor offers a media room with a wet bar and access to a large rooftop. The lower level has an additional living room, wet bar, and two bedrooms. Conveniences abound in this brand-new city showpiece.
370 E. Schiller St., Elmhurst – $1,499,000
A farmhouse-inspired exterior gives way to a light, bright, and modern interior within this four-bedroom, four-and-a-half-bath new home. Neutral tones paired with distinctive tilework throughout are ready to be elevated by the design tastes of this home’s new owners. A two-car attached garage opens to a full-sized mudroom with built-in storage. And a chef’s kitchen, butler’s pantry, and breakfast nook further add to the comfortable lifestyle this home will provide. The spacious second-floor primary suite features a vaulted, beamed ceiling, and the en-suite bath has a large soaking tub, separate shower and double-vanity. Additional conveniences include a second-floor laundry room and a full, finished lower level with exercise room, living room, and wet bar.
100 Hestercombe Lane, Lake Forest – $1,699,000
Have it all in this single-family home within Kelmscott Park, a rare maintenance-free community in the heart of downtown Lake Forest. Ready for delivery in spring 2023, this three-bedroom, two-and-a-half-bath home is one of the only remaining residences in the development. The kitchen features custom-built floor to ceiling cabinetry, high-end appliances, stone countertops and a subway tile backslash. An attached two-car garage and first-first floor primary suite with private patio are just a few more benefits this residence offers. Steps from the tony restaurants and upscale shopping of Lake Forest, this new home is a fabulous find for its new owners.
1648 W. Division St., Unit 101 – $979,000
This three-bedroom, two-and-a-half bath duplex residence – one of the last remaining homes at Alcove Wicker Park – offers the privacy of a townhome with the convenience of a mid-rise condominium building. Although the community has a Division Street address, it is tucked away from the street in a gated courtyard that offers quiet and privacy amidst the hustle and bustle of one of the coolest neighborhoods on the North Side. The home’s front door is located directly on the courtyard, but owners coming in through the building’s heated garage can also enter via the condominium hallway. Upscale finishes include Italian cabinetry, quartz countertops, Viking appliances, and wide- plank hardwood floors on the main level, which also features nine-foot ceilings, and floor-to-ceiling windows for ample natural light. The community has a shared roof deck with spectacular views of the city.
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