Real Estate Development Jobs in Illinois
Real Estate Development jobs in Illinois are active and competitive, concentrated in commercial, mixed-use, and affordable housing development, with openings for analysts and project coordinators through senior development managers and vice presidents. Chicago anchors the market as one of the most dynamic real estate development environments in the Midwest, with additional activity in Naperville, Evanston, and the broader Chicagoland suburbs. Major employers with lasting Illinois presences include Clayco, Golub and Company, and Related Midwest, with consistent demand for professionals specializing in entitlements, financial underwriting, and public-private partnership projects. Find a role that fits below and apply directly.
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See related jobsJoin our successful team dedicated to investing in New Markets Tax Credits (NMTC) projects.
As a Structured Finance Management Associate in Community Development Banking, you will play a key role in managing the bank's New Markets Tax Credits (NMTC) and State Tax Credits initiatives. You will serve as the primary point of contact for Community Development Entities (CDEs) and project borrowers (QALICBs) following the closing of a New Markets Tax Credit transaction. Additionally, you will act as the business-side liaison between our clients and the internal groups that service our Tax Credit transactions. The ideal candidate will excel in a fast-paced, entrepreneurial environment, showcasing adaptability and keen attention to detail.
Job Responsibilities
- Prepare credit approval documents for Community Development Tax Credit equity investments
- Execute closing activities in partnership with project team members and internal stakeholders.
- Assist in creating monthly, quarterly, and semi-annual investment reports.
- Perform reporting of community development project impact and program reporting to the U.S. Treasury.
- Maintain ticklers for internal and external reporting.
- Assist in program compliance reviews and manage organizational tasks required during the closing of New Market Tax Credit investments.
- Collaborate with QALICBs, CDEs, and lenders post-close to ensure accurate transaction flow during the 7-year compliance period.
- Partner closely with the Project Team members, Chase Credit, and Legal on distressed projects
Required qualifications, skills, and capabilities
- Minimum of 2 years experience in banking, lending, or credit.
- Strong analytical and writing skills.
- Excellent interpersonal, communication, and teamwork abilities.
- Proficient in computer skills.
Preferred qualifications, skills, and capabilities
- Bachelor's degree
- Completion of a major corporate bank credit training program (or the equivalent corporate banking/corporate finance experience)
The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.
ABOUT USWe offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
Global Investment Banking supports a broad range of corporations, institutions and governments by providing strategic advice, capital raising and risk management expertise.
Join our successful team dedicated to investing in New Markets Tax Credits (NMTC) projects.
As a Structured Finance Management Associate in Community Development Banking, you will play a key role in managing the bank's New Markets Tax Credits (NMTC) and State Tax Credits initiatives. You will serve as the primary point of contact for Community Development Entities (CDEs) and project borrowers (QALICBs) following the closing of a New Markets Tax Credit transaction. Additionally, you will act as the business-side liaison between our clients and the internal groups that service our Tax Credit transactions. The ideal candidate will excel in a fast-paced, entrepreneurial environment, showcasing adaptability and keen attention to detail.
Job Responsibilities
- Prepare credit approval documents for Community Development Tax Credit equity investments
- Execute closing activities in partnership with project team members and internal stakeholders.
- Assist in creating monthly, quarterly, and semi-annual investment reports.
- Perform reporting of community development project impact and program reporting to the U.S. Treasury.
- Maintain ticklers for internal and external reporting.
- Assist in program compliance reviews and manage organizational tasks required during the closing of New Market Tax Credit investments.
- Collaborate with QALICBs, CDEs, and lenders post-close to ensure accurate transaction flow during the 7-year compliance period.
- Partner closely with the Project Team members, Chase Credit, and Legal on distressed projects
Required qualifications, skills, and capabilities
- Minimum of 2 years experience in banking, lending, or credit.
- Strong analytical and writing skills.
- Excellent interpersonal, communication, and teamwork abilities.
- Proficient in computer skills.
Preferred qualifications, skills, and capabilities
- Bachelor's degree
- Completion of a major corporate bank credit training program (or the equivalent corporate banking/corporate finance experience)
The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.
ABOUT USWe offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
Global Investment Banking supports a broad range of corporations, institutions and governments by providing strategic advice, capital raising and risk management expertise.
See All 5 Real Estate Development Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Real Estate Development JobsReal Estate Development Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Real Estate Development Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring
What Illinois Employers Look For
The qualifications that appear most often in real estate development jobs across Illinois.
- Bachelor's degree in real estate, finance, urban planning, or a related field
- Experience with project underwriting, proforma modeling, and deal structuring
- Familiarity with Illinois municipal entitlement and zoning approval processes
- Proficiency in Argus, Excel, or comparable real estate financial modeling software
- Demonstrated experience managing development timelines from site acquisition through construction
- Strong understanding of public financing tools including TIF and low-income housing tax credits
Real Estate Development Jobs in Illinois: Frequently Asked Questions
How do you become a real estate development in Illinois?
Most real estate development roles in Illinois require a bachelor's degree in real estate, urban planning, finance, or a related field, followed by direct project experience. Illinois does not issue a specific state license for real estate developers, but many employers require or strongly prefer an Illinois real estate broker license issued by the Illinois Department of Financial and Professional Regulation. A master's degree in real estate development or an MBA strengthens candidacy for mid-level and senior positions.
Which companies hire real estate developments in Illinois?
Employers hiring real estate developments in Illinois right now include JPMorganChase, East Lake Management, and Full Circle Communities, based on current listings on Migrate Mate as of August 2026. Illinois also sees consistent hiring from institutional developers, REITs, and nonprofit community development organizations, particularly those active in Chicago's opportunity zones and suburban mixed-use corridors.
Which Illinois cities have the most real estate development jobs?
Chicago have the most real estate development openings in Illinois. Chicago dominates because it hosts the headquarters of major development firms, institutional investors, and large nonprofit housing developers, while suburbs like Naperville and Evanston generate openings through commercial redevelopment and transit-oriented mixed-use projects anchored by local government and university-affiliated institutions.
Are there remote real estate development jobs in Illinois?
Yes, but they're rare. Real estate development is fundamentally a site-dependent discipline, requiring on-the-ground work with municipalities, contractors, and community stakeholders. About 100% of real estate development openings tied to Illinois are remote or hybrid as of August 2026, and these tend to be concentrated in analytical roles such as financial underwriting, market research, and acquisitions rather than project management or entitlements positions.
How can I get hired as a real estate development in Illinois with little or no experience?
The most realistic entry path is a real estate analyst or development associate role, which large Illinois firms such as Clayco, the Chicago Housing Authority, and community development financial institutions use to bring in early-career candidates. Adjacent roles in commercial real estate brokerage, urban planning, or construction project coordination are common stepping stones. Earning an Illinois real estate broker license through the Illinois Department of Financial and Professional Regulation and building a proforma or financial modeling portfolio significantly strengthens entry-level applications.
Where can I find and apply to real estate development jobs in Illinois?
You can find and apply to real estate development jobs in Illinois on Migrate Mate, which lists current Illinois openings across Chicago, the suburbs, and downstate markets. Find roles that fit your experience and specialization and apply directly to the employers posting them.
See All 5 Real Estate Development Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
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