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Property Development Jobs in Illinois (NOW HIRING)

Arriva

Property Project Coordinator

Lacon, IL · Hybrid

Supporting the planning, scheduling, and coordination of property development, refurbishment, and maintenance projects. * Ensure all operational activities meet relevant legal, regulatory, and ...

Prairie Management & Development, Inc.

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Maintenance Technician

Elk Grove Village, IL · On-site

$35K - $52K/yr

Deadline and detail-oriented Company Description Prairie Management & Development, Inc. (PMD) is a mission-driven property development and management firm with over 40 years of industry experience.

Prairie Management & Development, Inc.

Be Seen First

Maintenance Technician

Chicago, IL · On-site

$35K - $52K/yr

Deadline and detail-oriented Company Description Prairie Management & Development, Inc. (PMD) is a mission-driven property development and management firm with over 40 years of industry experience.

Brookfield Properties

Property Accountant

Chicago, IL

$70K - $90K/yr

The Property Accountant is responsible for accurately recording and reporting property-level ... development programs * Charitable donation matching * Generous paid time off (i.e., vacation ...

Brookfield Properties

Property Accountant

Chicago, IL · On-site

$70K - $90K/yr

The Property Accountant is responsible for accurately recording and reporting property-level ... development programs * Charitable donation matching * Generous paid time off (i.e., vacation ...

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All JobsProperty Development JobsProperty Development Jobs in Illinois

Property Development information

See Illinois salary details

$34.4K

$73.8K

$114.8K

How much do property development jobs pay per year?

As of Jul 17, 2026, the average yearly pay for property development in Illinois is $73,813.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,700.00 and $88,700.00 per year, depending on experience, location, and employer.

What is the difference between Property Development vs Property Management?

AspectProperty DevelopmentProperty Management
Primary FocusPlanning, designing, and constructing new properties or renovating existing onesOverseeing daily operations and maintenance of existing properties
Required CredentialsReal estate, construction, or urban planning certifications; often requires project management skillsReal estate license; property management certifications often preferred
Work EnvironmentConstruction sites, planning offices, development meetingsOn-site property visits, leasing offices, tenant interactions
Industry UsageDevelopers, investors, construction firmsProperty managers, leasing agents, landlords

Property development involves creating or improving properties from the ground up, focusing on planning and construction. Property management centers on maintaining and operating existing properties, ensuring tenant satisfaction and property upkeep. Both roles are essential in the real estate industry but differ significantly in scope and daily activities.

What are the key skills and qualifications needed to thrive in Property Development, and why are they important?

To succeed in Property Development, you need strong project management, financial analysis, and real estate market knowledge, often supported by a degree in real estate, construction management, or a related field. Familiarity with tools like project management software, CAD programs, and financial modeling platforms, as well as relevant certifications such as RICS or PMP, is highly beneficial. Excellent negotiation, communication, and problem-solving skills help build relationships with stakeholders and navigate complex regulatory environments. These skills ensure projects are delivered on time, within budget, and in line with market demands, maximizing investment returns.

What is property development?

Property development is the business process that involves the purchase of land or existing properties, making improvements or constructing new buildings, and then selling, leasing, or managing them for profit. This field covers a wide range of activities, including site selection, financing, design, construction, and marketing. Property developers often work with architects, builders, planners, and real estate agents to bring projects to completion. The goal is to add value to real estate and meet market demand, whether for residential, commercial, or industrial purposes.

What are some common challenges faced by professionals in property development, and how can they be managed?

Property development professionals often encounter challenges such as navigating zoning laws, securing project financing, and coordinating with multiple stakeholders like architects, contractors, and local authorities. Managing these challenges requires strong project management skills, adaptability, and effective communication. Proactively staying updated on regulatory changes and building solid relationships with community partners can also help mitigate risks and ensure projects stay on track.
What are the most commonly searched types of Property Development jobs in Illinois? The most popular types of Property Development jobs in Illinois are:
Property Development jobs near you
Senior Property Accountant

Senior Property Accountant

Prairie Management & Development, Inc.

Chicago, IL • On-site

$70K - $97K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 20 days ago

Job description

We are seeking a Senior Property Accountant to join the accounting team at our corporate headquarters in the heart of downtown Chicago.

Position Summary

The Senior Property Accountant will oversee and manage all accounting functions for a portfolio of Midwest properties. Responsibilities include general ledger preparation and financial reporting through the Yardi Accounting system, as well as reporting to property owners and various governmental agencies.

This role works closely with the Controller and will be responsible for supervising and mentoring Junior/Staff Property Accountants. The Senior Property Accountant will also collaborate regularly with Property Managers and Regional Managers to address property-related accounting matters and ensure accurate financial reporting, compliance, and operational efficiency.

Responsibilities

Responsibilities may include:

  • Understanding and complying with GAAP and internal control policies and procedures
  • Reviewing rent rolls and Gross Potential Rent reports and recording adjustments as needed
  • Reviewing and processing Accounts Payable and assisting with check generation
  • Maintaining monthly general ledgers for assigned properties and reviewing the work of others
  • Reviewing and reconciling related bank accounts, as well as select Balance Sheet and Income Statement accounts
  • Posting recurring journal entries and assisting with the month-end close process
  • Preparing and submitting Monthly Housing Assistance Payment (HAP) vouchers to the Department of Housing and Urban Development (HUD)
  • Maintaining escrow accounts, including mortgage, reserve, and insurance accounts, as well as depreciation schedules
  • Preparing and compiling reports for management personnel, investors, and governmental agencies on a monthly, quarterly, and annual basis, including reports required for audit and tax purposes

Staff Responsibilities

  • Documenting and assisting in the resolution of process and procedural issues
  • Reviewing, directing, and supervising the work of Junior/Staff Accountants
  • Performing additional duties and special projects as assigned by the Controller and CFO

Qualifications

  • Bachelor’s degree in Accounting with sufficient coursework to be eligible to sit for the CPA exam
  • Minimum of three (3) years of experience as a Property Accountant required
  • Strong understanding of GAAP principles
  • Advanced proficiency in Microsoft Office applications, particularly Excel, Outlook, and Word
  • Experience with accounting software, preferably Yardi
  • Strong communication, organizational, and time management skills
  • Highly detail-oriented with strong analytical abilities
  • Ability to maintain the highest level of professionalism, integrity, and confidentiality

Physical Requirements

General mobility within office areas is required, along with the ability to operate standard office and data processing equipment.

Company Description

Prairie Management & Development, Inc. (PMD) is a mission-driven property development and management firm with over 40 years of industry experience. PMD’s primary focus is to provide, through construction and preservation, clean, safe and affordable housing for the residents, including for some who are most in need. The company owns and/or manages 40+ projects, all of which are located in the Midwest. Company headquarters is located on North Michigan Avenue in Chicago.
Prairie Management & Development, Inc. is an equal opportunity employer.