Nitti Development

What Nitti Development does

Nitti Development, LLC is a privately held, family-owned residential homebuilder and community developer headquartered in Elmhurst, Illinois. Founded by Frank Nitti in 1977 and incorporated as a home construction company in 1986, the firm has built hundreds of new-construction single-family homes, townhomes, and rowhomes across Chicago's western and northwestern suburbs including Schaumburg, Geneva, Glen Ellyn, Elmhurst, and Barrington. The company is currently selling in two active Schaumburg communities — Summit Grove (nine single-family floorplans from 2,129 to 3,977 sq ft, priced $711,500–$887,500) and Loeber Farm (rowhomes from $500,000, townhomes from $600,000, and single-family homes from $800,000) — and maintains a portfolio of past developments including Berteau, Fairway Court, Greenhouse Pointe, Eldridge Townhomes, and Elm Creek Townhomes.

The company's core offering is constructed around a three-stage Selection Process Program (contract selections, design selections, design selections II) and a three-phase Buyer Walk-Through Program (mechanical/pre-drywall, punch list, final) supported by bi-weekly construction updates and a 1-year limited warranty. Homes are built using specified premium materials and brand partners — LP SmartSide siding, Andersen and Pella windows, Bosch and Thermador appliances, Kohler and Sterling plumbing, Schlage hardware, and Honeywell RedLINK thermostats — and Summit Grove homes include a standard Alarm.com 'Connected Home' smart-home and security package. A preferred-lender relationship with Rate (Michael Pelagio, NMLS #1929475) provides integrated mortgage origination.

Revenue is generated primarily through one-time sale of newly constructed homes (base price plus buyer-selected structural and design upgrades) with a secondary revenue stream from fee-based Land Development Services for partners and investors across single-family, multi-family, office, and mixed-use asset classes. Go-to-market is direct-to-consumer via company-owned sales offices at each community, supported by a website with searchable home inventory and an organic social presence on Instagram, Facebook, Houzz, and YouTube. The multi-generational Nitti family (founder, co-founder, and three children) operates the business.

Name

Nitti Development

Legal name

Nitti Development, LLC

Website

https://nittidevelopment.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

1–10 employees

Short description

Nitti Development is a family-owned Chicago-suburb residential homebuilder and community developer founded in 1977, selling new-construction single-family homes, townhomes, and rowhomes in active Schaumburg communities (Summit Grove, Loeber Farm) priced $500,000–$887,500, with bundled smart-home and preferred-lender services.

Ownership category

akta.pro rank

Product category

Residential Home Construction

NAICS

New Housing For-Sale Builders (236117)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Single-Family Home Construction (Detached Homes) (IMAFABAA)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

Keywords

• New home construction
• Residential home building
• Single-family homes
• Townhome development
• Land development services

Headquarters

HQ city

Elmhurst

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Home Sales: One-time sale of newly constructed single-family homes, townhomes, and rowhomes in Chicago suburban communities. Revenue generated from base home prices plus buyer-selected upgrades and structural options.
2. Land Development Services: Land development and construction services for partners and investors on various property types from single-family homes to large office buildings and mixed-use structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Nitti Development builds and sells new construction single-family homes, townhomes, and rowhomes in Chicago suburban communities (notably Summit Grove and Loeber Farm in Schaumburg, IL). Buyers select from multiple floorplan models (ranging from 2-6 bedrooms) and customize interior/exterior finishes through a three-stage selection process, with bi-weekly construction updates and three walk-through phases during the build.

Product overview

Nitti Development is a home builder and developer operating in Chicago's suburbs since 1977. The company offers new construction single-family homes, townhomes, and rowhomes through active communities (Summit Grove and Loeber Farm) with 8 distinct home floorplan models ranging from 2-6 bedrooms and $711,500 to $887,500. The portfolio includes past completed developments (Berteau Development, Fairway Court, Greenhouse Pointe, Eldridge Townhomes, Elm Creek Townhomes). Services encompass the full home building process from land development and home design selection to construction management, buyer walk-throughs, and post-close warranty support. A preferred lender partnership and Alarm.com smart home integration are offered to home buyers.

Differentiator

Problem solved

Functional benefit

Products and services

• Summit Grove New construction single-family home community located in Schaumburg, Illinois near I-90, Rt. 53, and IL-390, featuring handcrafted homes with multiple floorplans designed to suit various lifestyles and integrated Connected Home by Alarm.com smart home automation.
• Loeber Farm New community featuring single-family homes (from $800,000), townhomes (from $600,000), and rowhomes (from $500,000) located on S. Meacham Road in Schaumburg, positioned near expressways, shopping, dining, O'Hare airport, and downtown Chicago.
• The Atcher Entry-level single-family home model with 2-3 bedrooms, 2.5 bathrooms, and 2,129-2,320 sq ft. Starting from $711,500. Available in Traditional, Farmhouse, Nantucket, and Stone elevations.
• The Crestone Single-family home model with 2,436-2,632 sq ft. Starting from $753,500. Available in Traditional, Farmhouse, Nantucket, and Stone elevations.
• The Lancer Single-family home model with 2,447-2,643 sq ft. Starting from $713,500. Available in Traditional, Farmhouse, Nantucket, and Stone elevations.
• The Doherty Single-family home model with 3-4 bedrooms, 2.5-3.5 bathrooms, and 2,783-3,061 sq ft. Starting from $763,500. Available in Traditional, Farmhouse, Nantucket, and Stone elevations.
• The Morgan Versatile single-family home model with 3-5 bedrooms, 2.5-4.5 bathrooms, and 2,747-3,081 sq ft. Pricing available on request. Available in Traditional, Farmhouse, Nantucket, Stone elevations.
• The Prairie Larger single-family home model with 4-5 bedrooms, 2.5-5 bathrooms, and 3,032-3,374 sq ft. Starting from $794,500. Available in Traditional, Farmhouse, Nantucket, and Stone elevations.
• The Sunset Large single-family home model with 4-6 bedrooms and 3,390-3,592 sq ft. Starting from $824,500. Available in Traditional, Farmhouse, Nantucket, and Stone elevations.
• The Windmere Premium single-family home model with 3.5-5 bathrooms and 3,777-3,977 sq ft. Starting from $874,500. Available in Traditional, Farmhouse, Nantucket, and Stone elevations.
• The Olympic Largest single-family home model with 3.5-4.5 bathrooms and 3,360-3,528 sq ft. Starting from $887,500. Available in Traditional, Farmhouse, and Nantucket elevations.
• Land Development Services Comprehensive land development services spanning pre-construction through final phases, with experience across single-family homes, multi-family units, office buildings, and mixed-use structures, offered to partners and investors.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Toll Brothers: Nationally focused luxury and move-up single-family homebuilder. Comparable to Nitti in product type (detached, premium-finished homes), customer profile (move-up/luxury), and emphasis on design customization, though operating at materially greater scale.
• KB Home: Public for-sale homebuilder emphasizing buyer choice and personalization in California, Nevada, and select other markets. Comparable to Nitti in the customization-driven for-sale model and direct-to-buyer sales offices.
• M/I Homes: Mid-size public homebuilder delivering single-family and attached homes in targeted Midwest, Mid-Atlantic, and Southeast markets. Closely comparable in building premium suburban single-family homes with design personalization, including the Chicago metro.
• Meritage Homes: Public for-sale homebuilder with entry-level to move-up product across Sun Belt and select Midwest markets. Comparable mid-range regional builder model to Nitti, though typically at lower price points and volumes.
• David Weekley Homes: Large private homebuilder focused on semi-custom and personalized customer experience across multiple U.S. metros. Closely aligned with Nitti in family-style, customer-centric, design-choices-driven model.
• Tri Pointe Homes: Public homebuilder with premium, move-up, and luxury detached/attached product across multiple regional markets. Comparable to Nitti in its emphasis on design-driven suburban homes and brand partnerships in similar price tiers.

Broad incumbents

• Taylor Morrison: Large public homebuilder covering entry-level, move-up, and luxury across broad U.S. geographies. Comparable in product portfolio and customer profile but operates at meaningfully larger scale and broader market reach than Nitti.
• Lennar: Top-tier national homebuilder with broad product range and technology-forward offerings. Comparable to Nitti in for-sale residential construction but at much greater scale and geographic diversification.
• PulteGroup: One of the largest U.S. for-sale homebuilders with brands spanning entry-level through active adult. Overlaps with Nitti in the Chicago suburban move-up segment but at vastly greater scale, geographic breadth, and capital base.
• D.R. Horton: Largest U.S. volume homebuilder with national coverage and broad price-point reach. Overlaps with Nitti in the Chicago new-home construction market but competes more on volume and lower price points than Nitti's premium positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCVFjcUSNNZd4loPuDL0xjvQ/videos
• Facebookfacebook.com/nittidevelopmenthomes
• Instagraminstagram.com/nittidevelopment
• LinkedInlinkedin.com/company/nitti-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Nitti Development