Plainfield · Will County · IL
Homes for sale in
Riverstone.
- Active listings
- 9
- Median list
- $711K
- Avg time on market
- 64 days
- Sold · last year
- 9
Active listings
9 homes on the market
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About the community
A new-construction riverfront community along the DuPage River in Plainfield.
Riverstone is a new-construction community by M/I Homes on the northwest side of Plainfield in Will County, off 127th Street west of Naperville-Plainfield Road, along the DuPage River. The builder describes it as its first riverfront community in the Chicago area, and the plan leans into that setting with tree-lined streets, four pocket parks, and walkways along the river. Land development began in 2024 with first deliveries starting late that year, so the standing homes are brand-new construction. The community pairs single-family homes with a separate section of attached ranch villas, and its price character is upper-tier for new-construction Plainfield.
At a glance
Riverfront setting
Homes along the DuPage River, with walkways and benches connected to a larger trail system.
New construction
M/I Homes single-family homes and attached ranch villas, with land development begun in 2024.
Parks and trails
Four pocket parks, a playground, and a planned 30-acre riverside park tied to the Plainfield Park District.
Two home types
Two-story single-family Classic Series homes plus single-level attached ranch villas for low-maintenance living.
District 202 schools
Plainfield CCSD 202, with the builder listing Eichelberger Elementary, JFK Middle, and Plainfield East High. Confirm by address.
HOA around $67 per month
Single-family dues listed near $67 per month; the villas carry a separate low-maintenance assessment.
Route 59 and I-55
Minutes from the Route 59 retail corridor, with I-55 the main regional expressway.
What’s close
Riverstone sits on the northwest side of Plainfield along the DuPage River near Route 59, with the Route 59 retail corridor and I-55 a short drive away.
- Amenities on-site
- Riverside walkways, four pocket parks, a playground, and a planned 30-acre riverside park managed by the Plainfield Park District.
- Downtown Plainfield
- The walkable historic downtown, with local restaurants, shops, and community events, is a short drive.
- Schools
- Plainfield CCSD 202, with the builder listing Eichelberger Elementary, John F. Kennedy Middle, and Plainfield East High. Confirm by address.
- Highway
- Route 59 for shopping and Interstate 55 for the regional commute toward Chicago, Bolingbrook, and Joliet.
- Train
- Plainfield has no Metra station of its own; commuters drive to stations on the Heritage Corridor, BNSF, or SouthWest Service lines. Confirm the nearest option by address.
- Hospital
- Edward Hospital operates a Plainfield outpatient campus, with its full-service hospital in Naperville and Ascension Saint Joseph in Joliet to the south.
What it’s actually like to live here
Riverstone's pitch is the river. It is the first riverfront community M/I Homes has built in the Chicago area, and the plan leans into that: walkways and benches along the DuPage River, four pocket parks, tree-lined streets, and a planned 30-acre riverside public park tied into the regional trail system. For a buyer who wants new construction with genuine open space and water frontage rather than a plain grid of lots, that is a real differentiator. Day to day, you get the Plainfield formula: a walkable historic downtown, a strong park district, and everyday retail a few minutes away on Route 59.
The honest tradeoffs start with commuting. Plainfield is an expressway-and-car town more than a train town, since there is no Metra station in the village, so a Chicago commute usually means driving to a station on the Heritage Corridor, BNSF, or SouthWest Service, or a longer I-55 drive. Route 59 is convenient for shopping but is a busy corridor at peak hours. Taxes are the other reality: Will County effective property tax rates run high, and on a new build the assessment climbs toward full value over the first cycle or two, so the true annual cost is higher than an early partial-year bill suggests.
Then there are the ordinary new-construction considerations. This is an actively building community, so expect construction traffic, noise, and evolving streetscapes until build-out, and some planned amenities such as the large riverside park and portions of the trail network are staged and may deliver after you move in. Landscaping and tree canopy are young. The upside is that everything is new and under warranty, floor plans and finishes can be personalized during construction, and homes are built to current energy-efficiency standards. It fits move-up families wanting space and downsizers drawn to the low-maintenance ranch villas.
The questions buyers actually ask
Riverstone FAQ
The questions I get most from buyers shopping Riverstone. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- Single-family homes are $67 per month.
- What does the HOA actually cover?
- The M/I Homes community lists HOA dues around $67 per month for the single-family homes, covering common-area and pocket-park upkeep, riverfront green space, and community landscaping. The attached ranch villas are a low-maintenance product that typically carries a separate assessment covering exterior and lawn maintenance. Confirm the current dues and the full list of what each assessment covers in the association documents before purchase.
- What are property taxes like?
- Roughly $12,000 – $20,000 per year, depending on home size and value. Will County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Riverstone built?
- M/I Homes built the community between 2024 and 2026.
- What's the typical closing timeline?
- 30 to 60 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 60.
- Who is the builder of Riverstone, and is it new construction?
- Riverstone is built by M/I Homes and is its first riverfront community in the Chicago area. Land development began in 2024 with first move-ins starting late that year, so the homes are brand-new construction. The community offers both single-family homes and a separate section of attached ranch villas.
- What kinds of homes and sizes are available?
- Two-story single-family homes from M/I Homes' Classic Series, in a range of floor plans, plus single-level attached ranch villas for low-maintenance living. Sizes span from the ranch villas at a little over 1,600 square feet up through larger single-family plans, with three or more bedrooms, full basements, and two or three-car garages on the single-family homes.
- What are the HOA dues and what do they cover?
- The M/I Homes community lists HOA dues around $67 per month for the single-family homes, covering common-area and pocket-park upkeep, riverfront green space, and community landscaping. The low-maintenance villas typically carry a separate assessment for exterior upkeep. Confirm the current dues and full inclusions in the association documents before purchase.
- What schools serve Riverstone?
- Riverstone is in Plainfield CCSD 202. The builder lists Eichelberger Elementary, John F. Kennedy Middle School, and Plainfield East High School. District 202 assigns schools by exact address and boundaries can change, so confirm the current assignment with the district for your specific homesite before relying on it.
- How is the commute from Riverstone?
- Plainfield is an expressway-and-car town. There is no Metra station in the village, so a Chicago commute usually means driving to a station on the Heritage Corridor, BNSF, or SouthWest Service lines, or taking I-55. Route 59 handles everyday shopping but gets busy at peak hours.
- What do homes cost, what are the taxes, and how is the market?
- New-construction pricing and incentives change frequently, so for current prices and activity see the live Market snapshot on this page and confirm base prices with M/I Homes. For taxes, expect a high effective rate: Plainfield and Will County generally run in the range of roughly 2.0 to 2.7 percent of market value, and on a new build the assessed value catches up to the finished home over the first cycle or two, so budget toward the higher end.
- Who is the real estate agent for Riverstone?
- Joe Keegan is the local licensed Illinois real estate broker who covers Riverstone in Plainfield, 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 Riverstone 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 Riverstone
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
- Plainfield specialist
- Honest local market take
- Brokerocity
Market snapshot
Riverstone, 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
$710,960
Typical sale price · last 90 days
$591,990
Homes for sale right now
9
Avg time on market
64 days
Sold in the last year
9
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 8, 2025 through August 8, 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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