Aurora · DuPage County · IL
Homes for sale in
Gramercy Square.
- Active listings
- 3
- Median list
- $410K
- Avg time on market
- 25 days
- Sold · last year
- 12
Active listings
3 homes on the market
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About the community
Newer M/I townhomes in Indian Prairie District 204.
Gramercy Square is a newer townhome community built by M/I Homes at the southwest corner of 75th Street and Route 59 in east Aurora, on the Aurora and Naperville border. The roughly 25-acre site, once owned by Indian Prairie School District 204 and considered for a high school, was approved for 171 townhomes in 2018 and built out through about 2022. It is a low-maintenance, association-run community organized around a landscaped central courtyard, on the busy Route 59 retail corridor, with the schools and commuter access that draw buyers to this part of Aurora.
At a glance
Newer townhomes
Roughly 171 M/I townhomes across two series, generally 2 to 3 bedrooms with attached 2-car garages, built 2018 to 2022.
Range of layouts
Plans from about 1,480 square feet up toward 3,000, including three-story rear-load garage designs.
Central courtyard
A landscaped grand courtyard with walking paths, sitting areas, and pergolas, plus bike paths along the edges.
Indian Prairie District 204
Gombert Elementary, Still Middle, and Waubonsie Valley High cited at development; some sources list Metea Valley. Confirm by address.
Route 59 Metra BNSF
The busy Route 59 BNSF station, with direct trains to Union Station, is a short drive north up Route 59.
Route 59 and I-88
Route 59 retail at the doorstep and I-88 nearby for commutes toward Naperville, Oak Brook, and Chicago.
Low-maintenance model
Monthly dues in the low $200s cover the courtyard and common-area upkeep.
What’s close
Gramercy Square sits at 75th Street and Route 59 in east Aurora, on the Naperville border, dense with retail and close to Metra and I-88.
- On-site amenities
- A landscaped central courtyard with walking paths and sitting areas, plus bike paths and a nearby park site.
- Shopping and dining
- The 75th Street and Route 59 corridor, dense with big-box stores, groceries, fitness, and dining.
- Downtown Naperville
- The Naperville riverwalk and dining district a moderate drive east.
- Hospital
- Rush Copley Medical Center in Aurora, a moderate drive to the southwest; confirm drive time by address.
- Highways
- Route 59 at the edge of the community and I-88 (Reagan Tollway) nearby for regional commuting.
- Train
- The Route 59 Metra BNSF station, one of the busiest on the line, a short drive north with direct service to Chicago.
What it’s actually like to live here
Gramercy Square suits buyers who want newer, lock-and-leave townhome living with strong commuter access and top-tier suburban schools, without the maintenance load of a single-family home. Because the homes date to 2018 through 2022, systems, finishes, and floor plans are modern, with open main levels, attached garages, and three-story layouts, and the association handles the shared landscaping and courtyard upkeep. Sitting right on the Route 59 corridor, residents are minutes from big-box shopping, groceries, gyms, and casual dining, and a reasonable reach to both downtown Naperville and the Route 59 BNSF Metra station.
Assignment to Indian Prairie District 204, one of the region's most sought-after districts, is a major draw for families, and it is worth confirming by address since the community sits near a boundary. The combination of newer construction, District 204 schools, and commuter access is the core of the pitch, and it lines up well for households that prioritize convenience and schools over historic-downtown character.
The honest trade-offs start with setting and expectations. This is suburban infill on a busy commercial corridor near the Naperville border, not a walk-to-downtown, riverfront neighborhood, so life here is car-oriented for most errands and Route 59 traffic is heavy at peak times. Financially, weigh two recurring costs: DuPage County property taxes in this part of Aurora sit on the higher side, and there is a monthly HOA fee on top of the mortgage. As a townhome community, units share walls and the neighborhood is denser than a detached-home subdivision, which is the usual trade for the lower-maintenance lifestyle.
Market trends
Why this market moves the way it does
Gramercy Square is a newer, sold-out townhome community, so activity now is resale, and pricing turns on the plan, the series, condition, and the pull of Indian Prairie District 204 rather than on new-construction incentives. Well-kept units in a strong school district and commuter location tend to move.
What holds value
The fundamentals matter more than the cosmetics here. Buyers want floor plan, lot, and basement, in that order. Cosmetics are the tiebreaker.
- District 204 schools
- Assignment to a sought-after district is a durable, repeatable demand driver for family buyers.
- Newer construction
- Modern 2018 to 2022 layouts and finishes support value against older attached stock nearby.
- Commuter access
- The Route 59 BNSF Metra and I-88 keep demand steady from Chicago-bound and western-suburb commuters.
- Floor plan and series
- The two series and range of plans mean layout and size drive price as much as the address.
- Carrying costs
- A higher-side DuPage effective tax rate plus the monthly HOA factor into buyer math and pricing.
Real talk
Who shouldn’t buy here
Here is the honest version before you tour.
Set expectations on setting. Despite the Aurora address, this is not a walk-to-downtown, riverfront neighborhood. It is suburban infill on the busy Route 59 corridor near the Naperville border, so the appeal is convenience and schools, and daily life is car-oriented.
Weigh the recurring costs. Property taxes in this part of Aurora sit on the higher side of the DuPage range, driven largely by school levies, and there is a monthly HOA on top of the mortgage. Both are typical for the area and the product, but they matter to total cost of ownership, so verify the current rate and bill for the specific parcel.
Confirm the school assignment by address. District statements at development cited Gombert Elementary, Still Middle, and Waubonsie Valley High, though some sources list Metea Valley. Because the community sits near a boundary, confirm the exact schools with District 204 before you rely on them.
One piece of advice
“Gramercy Square is a solid pick for a buyer who wants newer townhome living, District 204 schools, and easy commuter access, and is fine trading historic charm for corridor convenience. Just verify the school assignment by address, pull the actual tax bill for the specific home, and choose the plan and series that fit how you live. Do that and it lines up well.”
The questions buyers actually ask
Gramercy Square FAQ
The questions I get most from buyers shopping Gramercy Square. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- townhomes and condos are $208 per month.
- What does the HOA actually cover?
- Monthly townhome dues run roughly $206 to $209, covering the central courtyard and common-area landscaping, walking paths, streetlights, and exterior common-area upkeep. Confirm the current amount and exact inclusions, including any lawn, snow, or reserve items, with the association before relying on it.
- When was Gramercy Square built?
- M/I Homes built the community between 2018 and 2022.
- What's the typical closing timeline?
- 30 to 45 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 45.
- Who built Gramercy Square and when?
- M/I Homes developed it on a former Indian Prairie District 204 parcel at 75th Street and Route 59. The City of Aurora approved 171 townhomes in 2018, and the community was built out through about 2022. New-construction sales are complete, so homes now trade as resales.
- Are these townhomes or single-family houses?
- All townhomes. The community includes a River North Series (three-story, rear-load two-car garage) and a Charlestown Series, generally 2 to 3 bedrooms with attached garages. There are no detached single-family homes here.
- What school district serves Gramercy Square?
- Indian Prairie Community Unit School District 204. District statements at development cited Gombert Elementary, Still Middle, and Waubonsie Valley High School, though some sources list Metea Valley High. Because the community sits near a boundary, confirm the exact assigned schools by street address with District 204 before relying on them.
- Is there an HOA, and what does it cover?
- Yes. Dues run roughly $206 to $209 per month and support the shared landscaping, central courtyard, walking paths, and common-area upkeep that make this a low-maintenance community. Confirm the current dues amount and exact inclusions with the seller or the association's documents.
- What are the property taxes like?
- Think in terms of a rate. DuPage County effective property tax rates generally run about 2.0 to 2.2 percent of value county-wide, and Aurora parcels in the 60504 area tend to sit at the higher end, roughly 2.2 to 2.6 percent, driven largely by school levies. Verify the current rate and bill for the specific parcel rather than relying on a community-wide figure.
- What do homes cost here and how is the market?
- Pricing shifts with the market, so rather than quote a number, check the live Market snapshot on this page for current list prices, recent sales, and how quickly homes are moving. In general terms, this is newer construction priced mid-tier for the Aurora and Naperville border townhome market.
- Who is the real estate agent for Gramercy Square?
- Joe Keegan is the local licensed Illinois real estate broker who covers Gramercy Square in Aurora, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Gramercy Square specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Gramercy Square
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Aurora specialist
- Honest local market take
- Brokerocity
Market snapshot
Gramercy Square, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$410,000
Typical sale price · last 90 days
$428,000
Homes for sale right now
3
Avg time on market
25 days
Sold in the last year
12
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 10, 2025 through August 10, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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Schools serving Gramercy Square
Where Gramercy Square homes go to school
Homes in Gramercy Square are most often zoned to Waubonsie Valley HS. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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