Cedarwood , IL

63 Cedar Street

Park Forest, IL 60466

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A unique alternative to home ownership on 70 acres of beautifully landscaped grounds, Cedarwood Cooperative, a housing cooperative in Park Forest, Illinois, offers the convenience of maintenance-free renting with the value-added benefits of home ownership. Cedarwood Cooperative features 1, 2, and 3 bedroom townhomes for sale with full basements, private porches, guaranteed parking and large open spaces.  Cedarwood is adjacent to Sauk Trail Forest Preserve which boasts miles of pristine hiking trails. Convenient, nearby amenities include: multiple Metra Stations, expressways, shopping, local cafes, universities, authentic festivals and so much more.

Our moderate monthly assessments cover the member’s proportionate share of the operating expenses of the corporation. These include property taxes, management costs, maintenance costs, property insurance, capital improvements, etc. While the maintenance of the buildings exteriors, furnace, air conditioning systems, hot water heaters, plumbing, and electrical wiring are the co-op’s responsibility, our members are free to individually decorate and remodel their units to complement their personal tastes and lifestyles.

Although we are not for profit organization, we are a fair market cooperative.  For an initial modest investment, you can own your own membership.  Prices are negotiable and financing is available.


  • 1, 2, & 3 Bedrooms
  • Annual Capital Improvement Projects
  • Assigned Parking + Additional Parking
  • Door to Door Refuse Pick-Up
  • Door to Door Mail Service
  • Central Heating and Cooling
  • Club House Rental Available
  • Cost-Share Window Program
  • Cost-Share Kitchen Cabinet Program
  • Full Basements
  • Hardwood Floors
  • Low Monthly Carrying Charges
  • Low Maintenance Costs for Improvements
  • Paid Property Taxes
  • Pet Friendly
  • Private Porches
  • Club House
  • Residents control
  • Gas -Water included
  • Accumulate equality
  • Low maintenance
  • Community Control


Benefits of Living in Park Forest, IL

Park Forest began life in 1948 as a plan to provide housing for GIs returning from World War II.  It was the first post war planned community and its innovative design has been recognized and used as a model for towns throughout the world.  The Village of Park Forest has received numerous livability citations including Two All-America City Awards, Two Governors Hometown Awards, The Burnham Award for Excellence in planning for its downtown redevelopment, in 2007 was named one of Americas Most Livable Suburbs by Forbes Magazine, and in 2017, was ranked third in the nation in affordable housing by Business Insider.


The 2,000 acres of parks, recreation facilities, open land put Park Forest amongst the largest per capita in Illinois. In addition to numerous playgrounds, ball fields, and picnic facilities, the Village contains an abundance of tennis courts and is home to one of the most popular outdoor swimming complexes in the state. the Village’s pioneers planted trees in both parks and along the Village’s developing road system. the urban forest has now matured, along with the Village.  Today, despite the challenge of maintenance, it provides an enormous asset to the Village.

In the heart of Park Forest and opening n July 2022, Somonauk Park will provide  new and unique opportunities for both active and passive recreation that adds to the native habitats in the Village.  Amenities include a 1-acre pond with docks, fishing piers, kayaking, zip lines, elevated seating terraces, bridges, accessible walking paths, and a pavilion with a kitchen.

Creating Community Excellence, One Member at a Time.

For Upscale living without the Upscale cost, choose Cedarwood Housing Cooperative for your next home!

Call Cedarwood Coop For More Information