Nova55LivingChicago Metro › Briarwood Lakes

Briarwood Lakes

Oak Brook, DuPage County, Illinois  ·  199 Homes  ·  55+ Active Adult Community

True CostAll Chicago Metro Communities
199
Total Homes
~$700/mo
HOA (2024 est.)
~2.0%
DuPage Co. Effective Rate

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Overview

Briarwood Lakes is one of the most exclusive 55+ condominium communities in the Chicago metro, situated in Oak Brook — a DuPage County enclave known for its corporate headquarters, Oakbrook Center mall, and luxury residential profile. HOA at approximately $700/month reflects the premium maintenance, amenities, and Oak Brook location premium. DuPage County effective rate of approximately 2.0% is the lowest in the Chicago metro. Buyers at Briarwood Lakes are primarily trading liquidity for convenience — the Oak Brook location puts Northwestern Medicine Delnor, the Route 83 corridor, and Oakbrook Center within minutes.

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Illinois exempts all retirement income from state income tax. The income tax advantage combined with DuPage County's effective property tax rate of approximately 2.0% shapes the total cost calculation for Oak Brook buyers. See the true cost page for the full 10-year projection.

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