Naperville Real Estate
Get Cash at Closing When Purchasing in Naperville, IL
Excellent schools, high-tech employers, and easy access to Chicago have turned the once small farm town of Naperville into the fifth largest city in Illinois. Founded in 1831 by Joseph Naper and family, this quiet village on the banks of the DuPage River has seen an explosion in growth particularly after construction of the East-West Tollway in the 1980’s. In 2006 Money magazine ranked Naperville, IL as #2 on its annual list of America's best small cities to live in.
Because of tax incentives and easy access to Chicago, many major corporations have located along the I-88 technology corridor including BP, Nalco Chemical, Tellabs, and Alcatel-Lucent. This has resulted in many high-paid professionals relocating to Naperville creating a solid demand for real estate.
Real estate in Naperville consists primarily of single-family homes with a median price of about $400,000 but condominium units are plentiful with prices at around $200,000.