What Noah Properties does

Noah Properties is a privately held, founder-owned luxury real estate developer headquartered in Schiller Park, Illinois, operating exclusively in the Chicago metropolitan area. The firm designs, builds, and manages new-construction residential real estate, including luxury single-family homes (with a focus on the North Shore Signature Collection in Glencoe, Winnetka, Kenilworth, and Northfield), condominiums, townhomes, and a portfolio of luxury rental apartment communities spanning Bucktown/Wicker Park (The Ash Chicago), Niles (Novu), River Grove (The Grove, Encore, River Grove Station), Mount Prospect (Prospect Place), and a planned $150M, 354-unit redevelopment of the White Eagle site in Niles. The company also offers a Custom Builds service guiding clients through lot acquisition, budgeting, architecture, design, and construction, and has historically delivered more than 500 projects over nearly 25 years.

The core technology is luxury construction and contemporary architectural design rather than software or AI; the firm operates a fully integrated value chain from land acquisition through property management. Revenue is generated through three streams: one-time sales of luxury homes, townhomes, and condominiums; recurring rental income across the owned apartment portfolio (including a 55+ active-adult offering at Encore); and professional-service fees from custom build engagements. Distribution is direct-to-consumer via the corporate site (noahchicago.com), dedicated property websites, social channels (Instagram, Facebook, YouTube, LinkedIn), and earned media in regional luxury and business publications (Chicago Magazine, Modern Luxury, Curbed Chicago, Crain's Chicago Business, Chicago Tribune, Mansion Global). The customer base is fragmented across high-net-worth individual buyers, long-tail luxury renters, and bespoke custom-build clients, with project financing supported by partners such as Merchants Capital.

Name

Noah Properties

Legal name

Noah Properties

Website

https://noahchicago.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Noah Properties is a Chicago-based luxury real estate developer that designs, builds, and manages new-construction single-family homes, condominiums, townhomes, and rental apartment communities for affluent buyers, renters, and 55+ residents in the Chicago metropolitan area.

Ownership category

akta.pro rank

Headquarters

HQ city

Schiller Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Property Sales: One-time sale of luxury single-family homes, townhomes, and condominiums to end buyers. Revenue generated through individual property transactions at various price points.
2. Rental Income: Revenue from luxury rental properties including apartments and townhomes managed by the company. Properties include The Ash Chicago, Novu Luxury Apartments, The Grove Townhomes, Encore Luxury Apartments, Prospect Place, and River Grove Station.
3. Custom Build Services: Full-service custom home building for clients, including land acquisition assistance, architecture and design, site preparation, construction, and project management. The company works with clients throughout the building process with a dedicated development team.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Noah Properties is a Chicago-area luxury residential real estate developer that builds, sells, leases, and manages contemporary-design new-construction homes. Its portfolio spans single-family homes (notably on Chicago's North Shore), townhomes, condominiums, and a network of luxury rental apartment and townhome communities, supplemented by a custom home building service for clients who own or acquire land.

Product overview

Noah Properties operates a diversified portfolio of luxury real estate offerings across the Chicago metropolitan area, comprising luxury single-family homes, condominiums, townhomes, and rental apartments. The company offers pre-built luxury properties through collections like the North Shore Signature Collection and Custom Builds services for bespoke home construction. Rental offerings include luxury apartments at The Ash Chicago, Novu Luxury Apartments, The Grove (both townhomes and apartments), Encore Luxury Apartments (55+), Prospect Place, River Grove Station, and North Oak Lofts. Development projects include The Avondale (townhome/condo), 227 West Chicago (mixed-use), and the planned $150M White Eagle redevelopment in Niles. The company provides full integration of real estate development services including land acquisition, architecture and design, site preparation, construction, and property management.

Differentiator

Problem solved

Functional benefit

Products and services

• North Shore Signature Collection Portfolio of luxury new-construction single-family home developments in Glencoe, Winnetka, Northfield, and Kenilworth on Chicago's North Shore, including named homes on Oak Ridge Drive, Elm Ridge Drive, and Hohlfelder Road; marketed to affluent buyers seeking contemporary design and premium finishes in prestigious suburbs.
• Custom Builds Service Full-service custom home building service that guides clients through the entire building process, including locating available lots, setting budgets, assembling development teams, determining architectural style, and establishing construction schedules; targeted at individuals who own or are purchasing a lot in the Chicago area.
• The Ash Chicago Luxury apartment building at 1257 N Ashland Avenue in Chicago's Bucktown/Wicker Park neighborhoods, featuring a health and fitness center with Peloton, Nike, and Tona equipment alongside an entertainment penthouse lounge; targeted at upscale renters seeking amenity-rich city living.
• Novu Luxury Apartments New-construction luxury apartment community at 6633 N Milwaukee Avenue in Niles, Illinois, situated off the North Branch Chicago River and offering one-, two-, and three-bedroom apartments with first-class amenities; targeted at upscale professionals and families.
• The Grove Townhomes Luxury townhome development at 3000 Cottonwood Lane in River Grove, Illinois, set in a privately gated community with a 24-hour fitness center and relaxation sauna, swimming pool with private cabana sun deck lounge, outdoor grilling stations, and social lounge; recognized by BUILD Magazine's 2024 Best New Luxury Residential Construction Development – Illinois award.
• The Grove Apartments High-luxury apartment community at 8001 W Belmont Avenue in River Grove, Illinois, featuring designer finishes including custom European cabinetry, full-suite kitchen appliances, and spa-esque ensuite bathrooms; targeted at upscale renters in Chicago's northwest suburbs.
• Encore Luxury Apartments Luxury apartment community at 8020 O'Connor Drive in River Grove, Illinois, specifically designed for residents 55 and older with daily programming that focuses on physical activities, social engagement, and mental wellness; targeted at active-adult renters seeking resort-style senior living.
• Prospect Place Luxury residential community at 11 W Prospect Avenue in downtown Mount Prospect, Illinois, combining modern elegance, comfort, and functionality with resident-exclusive amenities; targeted at upscale renters in the northwest suburbs.
• River Grove Station Luxury residential community at 2801 N Thatcher Avenue in River Grove, Illinois, featuring high-end designer finishes, open-concept floor plans, a 24-hour fitness center, outdoor grilling stations, and a co-work community center; targeted at upscale renters.
• North Oak Lofts Luxury loft apartments offered in Phase I and Phase II developments; targeted at upscale renters seeking modern loft-style living in the Chicago area.
• The Avondale New mixed for-sale community in Chicago's Avondale neighborhood comprising 52 townhomes and 15 condominiums; targeted at urban buyers seeking contemporary new-construction residences.
• 227 West Chicago 10-story, 56-unit mixed-use development at the corner of Chicago Avenue and Franklin Street in Chicago's River North neighborhood, featuring ground-floor retail space and a 22-car parking garage; targeted at urban for-sale and retail buyers.
• White Eagle (Niles) Planned $150 million, 354-unit apartment complex redevelopment of the shuttered White Eagle banquet hall site in Niles, Illinois, comprising townhouses and mid-rise buildings with public amenities and potential retail space; positioned as a large-scale multifamily rental redevelopment.
• Luxury Rental Property Management Property management and leasing services for Noah Properties' owned and operated luxury apartment and townhome communities; supports both unit turnover and ongoing resident experience across the rental portfolio.

Quantifiable outcome

• 500+ completed projects over nearly 25 years
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Toll Brothers: National luxury homebuilder with a deep portfolio of move-up and luxury single-family homes; comparable to Noah's luxury for-sale product across multiple U.S. metros, though at far greater scale and with public-company breadth.
• Related Companies: National developer of large-scale luxury and mixed-use real estate (e.g., Hudson Yards, 111 West Wacker); a broader incumbent comparable in luxury high-rise residential and multifamily expertise though at incomparably greater scale.

Direct peers

• The John Buck Company: Chicago-based developer of luxury condominiums, mixed-use towers, and high-end multifamily; directly comparable to Noah's River North (227 West Chicago) and broader luxury condo/multifamily product.
• Magellan Development Group: Large Chicago developer behind mega-projects like Lakeshore East and numerous riverfront multifamily towers; comparable in Chicago luxury/mixed-use development scale and rental portfolio orientation.
• LMC, A Lennar Company: National multifamily developer (under Lennar) with a strong Chicago presence building Class A rental communities; comparable in product type, amenity positioning, and target renter to Noah's apartment portfolio.
• CA Ventures: Chicago-headquartered real estate investment and development firm operating across multifamily, student, and mixed-use; comparable in Chicago footprint and apartment development focus.
• Gorman & Company: Chicago-area vertically integrated real estate developer and operator active in multifamily and mixed-use; comparable in integrated build-and-operate model and Chicago geographic concentration.
• Sterling Bay: Chicago developer known for large-scale neighborhood redevelopments (e.g., Lincoln Yards, Fulton Market); comparable in repositioning sites into high-end residential/mixed-use districts akin to the White Eagle project.
• The Habitat Company: Chicago-based real estate developer and property manager with multifamily and mixed-use assets; comparable in integrated development-plus-management approach and Chicago luxury/multifamily mix.
• Focus Development: Chicago developer specializing in luxury urban townhomes, condominiums, and custom single-family homes in Lincoln Park, Bucktown, and the North Shore; highly comparable product overlap and target buyer profile to Noah.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/noahpropertieschicago
• Facebookfacebook.com/noahpropertieschicago
• LinkedInlinkedin.com/company/noahpropertieschicago
• Instagraminstagram.com/noahpropertieschicago

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Noah Properties