Naperville IL Real Estate

Ranked number two in Money Magazine’s “Best Places to Live” for 2006, the beautiful city of Naperville, Illinois is home to a population of over 136,000. Situated along the scenic banks of the DuPage River, Naperville is highly regarded as being the ultimate community in which to live, raise a family, and retire. Because of this, Naperville, IL real estate is among the most sought after in the Midwest. The city, a Western suburb of Chicago, attracts thousands of new residents each year, making Naperville, IL real estate one of the fastest growing markets in the United States.

Naperville properties are located just 30 miles West of the City of Chicago. Naperville, IL real estate is bounded by Lisle to the East; Wheaton to the North; Plainfield to the South; and Aurora to the West. Naperville boasts some of the top nationally acclaimed schools, an excellent public library system, and an exceptionally low crime rate. Not to mention, Naperville residents receive some of the best healthcare available in the world.

The city of Naperville offers an affordable alternative to housing found within Chicago’s city limits. Median selling prices for Naperville properties in 2007 were as follows: single-family homes were at $453,000 and were listed on the market for an average of 128 days. One- and two-bedroom condos and townhomes in Naperville had a median price of $182,000 and averaged 91 days on the market, while three-bedroom or more condos and townhomes had median prices of $264,500 and stayed on the market for an average of 93 days.
 
A Thriving Economy

Naperville properties are located within close proximity to a variety of transportation and employment options. The city is home to the two busiest suburban metra train stations in the entire metra system, with nearly 5,000 boardings a day at the Route 59 Station and 3,600 boardings at the Downtown Naperville Station. The metra line (Burlington Santa Fe) is the train line that brings Naperville, Downers Grove and the most of the Western Suburbs into the City of Chicago. Additionally, highways into the city include the I-55 (Stevenson) and the I-290 (Eisenhower). I-355 is a North/South highway that connects the Northern, Western, and Southern suburbs.

The City of Naperville is home to a largely diversified employer base, which includes high technology firms, retailers, factories, and even small businesses and home-based businesses. The major business center in town makes Naperville, IL real estate particularly valuable, as it boasts several national and multi-national corporate headquarters located along or within the city limits. Businesses in Naperville range from quaint shops in its historic downtown area to bustling shopping malls along the area’s Route 59.

Naperville is home to several of Chicago’s most reputable retailers, as well as a varying assortment of four-star and casual dining restaurants.

Commercial Naperville properties are home to several major private employers, including Lucent Technologies, Nicor Gas, BP Amoco, Tellabs, Ondeo Nalco, ConAgra Foods, Laidlaw, Calamos Investments, Solar Communications and Kraft Foods.

For more information about Naperville, IL real estate, please contact expert Naperville Realtor Mike Long of Rubloff Residential Properties at 773-851-3654 today.