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Real Estate Development Jobs in Mount Prospect, IL

Forestar

Real Estate Analyst-FG

Schaumburg, IL · On-site

Forestar Group Inc. is a residential lot development company focused on delivering desirable ... Forestar Group is currently looking for a Real Estate Analyst-FG . The right candidate will work ...

5 Legal

Real Estate Associate

Chicago, IL

This candidate will perform transactional work as assigned, including drafting and negotiation of documents relating to the full spectrum of commercial real estate transactions, including development ...

Jobot

Real Estate Attorney

Chicago, IL

$225K - $325K/yr

Responsibilities Lead commercial real estate transactions, including acquisitions, dispositions, financing, development, and leasing matters. Draft and negotiate purchase and sale agreements, loan ...

Scout Partners

Real Estate Partner

Chicago, IL · On-site

$250K - $350K/yr

Play an active role in business development and cross-selling opportunities across firm practice groups * Provide strategic leadership within the real estate practice, including mentoring junior ...

Potbelly Corporate

Real Estate Manager

Chicago, IL

$100K - $130K/yr

Expect to immerse yourself in various dimensions of a rapidly expanding enterprise, encompassing airport and military development, real estate franchising, and an array of other ventures. FOCUS ...

Potbelly

Real Estate Manager

Chicago, IL · On-site +1

$100K - $130K/yr

Expect to immerse yourself in various dimensions of a rapidly expanding enterprise, encompassing airport and military development, real estate franchising, and an array of other ventures. FOCUS ...

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Showing results 21-40

All JobsReal Estate Development JobsReal Estate Development Jobs in Mount Prospect, IL

Real Estate Development information

See Mount Prospect, IL salary details

$54.1K

$101.6K

$160.9K

How much do real estate development jobs pay per year?

As of Aug 11, 2026, the average yearly pay for real estate development in Mount Prospect, IL is $101,605.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,500.00 and $127,200.00 per year, depending on experience, location, and employer.

What are the qualifications to get a job in real estate development?

The qualifications to get a job in real estate development vary depending on your responsibilities. For investment and development jobs, the most important thing is money, whether it is from personal wealth or investors. Some developers work specifically with municipal governments or community organizations. If you seek investors, you need to have strong financial skills, good negotiation and presentation tactics, and strategic vision. To become a construction or design worker in real estate development, you need to have a bachelor’s degree or credentials from an apprenticeship and several years of work as a commercial or residential contractor. Marketing professionals need a background in PR or real estate.

What is real estate development?

Real estate development is the process of creating new buildings or renovating existing properties for residential, commercial, or mixed-use purposes. It involves tasks such as acquiring land, securing financing, obtaining permits, overseeing construction, and managing the eventual sale or lease of the property. Developers coordinate with architects, contractors, government agencies, and investors throughout each stage of a project. The goal is to transform raw land or underutilized properties into valuable assets that meet market demand.

What are the key skills and qualifications needed to thrive as a real estate developer, and why are they important?

To thrive as a Real Estate Developer, you need strong project management, financial analysis, and market research skills, often supported by a degree in real estate, business, or a related field. Familiarity with financial modeling software, CAD tools, and zoning or permitting systems is typically required. Excellent negotiation, communication, and problem-solving abilities set top developers apart. These skills are crucial for successfully managing complex projects, securing investment, and navigating regulatory environments to deliver profitable developments.

What are some common challenges faced by professionals in real estate development, and how can they be addressed?

Professionals in real estate development often encounter challenges such as navigating complex zoning regulations, securing project financing, and coordinating with a diverse group of stakeholders including architects, contractors, and government agencies. Successfully addressing these challenges requires strong project management skills, effective communication, and a proactive approach to problem-solving. Building a network of reliable partners and staying informed about local market trends can also help mitigate risks and ensure project success.

What is the difference between Real Estate Development vs Real Estate Brokerage?

AspectReal Estate DevelopmentReal Estate Brokerage
Required CredentialsReal estate license, possibly a degree in real estate, finance, or urban planningReal estate license, sales certification
Work EnvironmentProject sites, offices, planning meetingsReal estate offices, property showings, client meetings
Industry UsageInvolved in planning, financing, and constructing new propertiesFacilitates property sales and leasing between buyers and sellers

Real estate development focuses on creating new properties from planning to construction, while real estate brokerage centers on selling and leasing existing properties. Both roles require real estate licenses but differ significantly in daily activities and project involvement.

More about Real Estate Development jobs
What cities near Mount Prospect, IL are hiring for Real Estate Development jobs? Cities near Mount Prospect, IL with the most Real Estate Development job openings:
Real Estate Development jobs near you
Infographic showing various Real Estate Development job openings in Mount Prospect, IL as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, 2% Contract, and 1% Nights. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $101,605 per year, or $48.8 per hour.

Real Estate Analyst-FG

Forestar

Schaumburg, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago

Job description

Forestar Group Inc. is a residential lot development company focused on delivering desirable communities for homebuilders in both established locations and long-term growth markets. Forestar’s vision is to be the nation’s leading residential lot developer. The Company’s strategic relationship with D.R. Horton, the nation’s largest homebuilder, complements Forestar’s vision of creating neighborhoods that enhance the lives of community residents while creating value for shareholders, trade partners and employees.

Forestar Group is currently looking for a Real Estate Analyst-FG. The right candidate will work alongside acquisitions, development and investment managers to assist with due diligence, forecasting and benchmarking of potential and existing development projects.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

  • Perform due diligence and underwriting of prospective acquisitions and developments
  • Provide support for the acquisition, financing, development and disposition process
  • Prepare financial modeling to support and guide both acquisition and asset management decisions
  • Prepare presentation materials on new and existing investments for internal and external uses
  • Analyze and monitor the financial performance of properties including financial modeling, benchmarking to budget, and collaborating with management in executing business plans
  • Assist with analysis of the overall market and monitor industry trends
  • Ability to travel overnight
  • Administer and manage databases
  • Assist with providing conceptual plans for subdividing and parceling assets

Required Qualifications

  • Degree in Finance, Accounting, Economics or a related degree
  • 1 to 3 years of real estate development experience preferred
  • Advanced Excel Financial modeling
  • Proficient in Word, Outlook, Adobe and Power Point
  • Basic knowledge of real estate transactions

Preferred Qualifications

  • Excellent written and verbal communication skills, including the ability to summarize conclusions and confidently present well-supported arguments for or against a specific investment opportunity.
  • Ability to focus under pressure and comfortable meeting tight deadlines with a high degree of accuracy and attention to detail.
  • Excellent critical reasoning, quantitative and analytical skills demonstrated by work experience and/or academic record.
  • Ability to multitask and prioritize deadlines
  • Ability to sit for majority of 8-hour workday; use hands to finger, handle or feel; reach with hands and arms; talk and hear.  Specific vision abilities required by this job include close vision, distance, color vision and peripheral vision.
  • The noise level is general moderate

Come join a winning team! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package:

       Medical, Dental and Vision

       401(K)

       Employee Stock Purchase Plan

       Flex Spending Accounts

       Life & Disability Insurance

       Vacation, Sick, Personal Time and Company Holidays

       Multiple Voluntary and Company provided Benefits

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