As the average price for a home in the Chicago area approaches $300,000, it may seem like the idea of finding a great retirement home for under $200,000 is next to impossible. However, you may be surprised to learn that there are a number of great housing options for budget conscious individuals who seek ownership in 55+ active adult housing developments. Below you will find a list of age-restricted active retirement communities with homes (currently) under $200,000.
1 Sun City Huntley (Huntley, IL) Sun City Huntley by Del Webb offers over 5,600 homes and is the Chicago area’s largest active retirement community. Sun City offers a number of ranch townhomes from 1100-1500 square feet for under $200,000. There are also Clubhomes, which are single family residences priced from the $190s.
2 Saddlebrook Farms (Grayslake, IL) Ironically, one of the most reasonably priced active retirement communities in the Chicago area is located right in the heart of Lake County. Saddlebrook Farms is a manufactured home community. The unique land-lease program allows residents to purchase a 1,073 square foot single family home for under $150,000.
3 Carillon (Plainfield, IL) Carillon offers townhomes and condos from the $130s and is the lowest priced active adult community in the southwest suburbs. In addition, single family homes can be found from the $190s.
4 Grand Haven (Romeoville, IL) Grand Haven in Romeoville offers 1300 square foot townhomes from the $190s. Their 2 bedroom ranch townhomes are very open and spacious.
5 Carillon Lakes (Crest Hill, IL) Carillon Lakes, which is conveniently located right across the street from Grand Haven, has ranch townhomes from the $170s.
6 Shorewood Glen (Shorewood, IL) Shorewood Glen just unveiled their new Capitol series of duplex homes. These spacious duplex homes offer 2 bedrooms and 2 car garages and start from the $190’s
Prices in 55+ active adult retirement communities are not likely to stay this reasonable as the baby boomers continue to drive demand for this type of housing. So if you want to find a great home in an active retirement community for under $200,000, you should start your search soon!
