$48,160*
●
Condo -
Off Market
903 Elder Road #10
HOMEWOOD, IL 60430
2 Beds
1 Bath
$30,000 - $40,000
Reference Base Price*
50.97%
Since Mar 1, 2019
National-US
Primary Model
About This Property
Two bedroom condo in Homewood Flossmoor High School district! Big,
bright living room, breakfast area, two large bedrooms. Great
location near shopping, dining & park. Unit comes with 1 car
garage. This is a Fannie Mae HomePath property.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$1,679
HOA Dues
$35
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 27, 2025 | Listed | $110,000 | |
| Listed | |||
| | |||
|
Photos reflect what the unit looked like before the tenant moved in. 2 bedroom condo. Freshly Painted, with Plenty of Natural Lighting. Large Master Bedroom with Double Closets. Updated Flooring in the Living Room, Dining Room and Stainless Kitchen with Glass Subway Tile Backsplash and New Countertops. Private Balcony. Beautiful Updated Bathroom with Ceramic Flooring and Tiles. Unit comes with a Garage Space. Coin Laundry in the Building. Heat and Water Included, Winning H-F Public Schools. Convenient to Retail Shops, Restaurants Public Transportation I57/I294 and walking distance to neighborhood parks and Lions Club Pool.tenanat will move out end of August. Call now to set up your private tour with 24 hr.notice.
| |||
| Jul 21, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed | $100,000 | |
| Listed | |||
| | |||
|
Photos reflect what the unit looked like before the tenant moved in. 2 bedroom condo. Freshly Painted, with Plenty of Natural Lighting. Large Master Bedroom with Double Closets. Updated Flooring in the Living Room, Dining Room and Stainless Kitchen with Glass Subway Tile Backsplash and New Countertops. Private Balcony. Beautiful Updated Bathroom with Ceramic Flooring and Tiles. Unit comes with a Garage Space. Coin Laundry in the Building. Heat and Water Included, Winning H-F Public Schools. Convenient to Retail Shops, Restaurants Public Transportation I57/I294 and walking distance to neighborhood parks and Lions Club Pool.tenanat will move out end of August. Call now to set up your private tour with 24 hr.notice.
| |||
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Property Highlights
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/14/2025
|
2 Bed
|
1 Bath
|
-
|
$115,000
2 Bed
1 Bath
|
-
-
|
Ajariel Murphy
POWER Realty Chicagoland,PLLC
| |
|
07/17/2025
|
2 Bed
|
1 Bath
|
1000 ft²
|
$100,000
2 Bed
1 Bath
1000 ft²
|
-
-
|
Sheila Barney-Shannon
26.2 Realty, Inc
| |
|
04/27/2024
|
2 Bed
|
1 Bath
|
800 ft²
|
$99,500
2 Bed
1 Bath
800 ft²
|
$87,500
-12.06%
11/07/2024
|
John Nugent
Coldwell Banker Realty
| |
|
10/06/2022
|
2 Bed
|
1 Bath
|
900 ft²
|
$84,900
2 Bed
1 Bath
900 ft²
|
$85,000
+0.12%
12/13/2022
|
Cecilia Conti
Realtopia Real Estate Inc
| |
|
04/25/2022
|
2 Bed
|
1 Bath
|
900 ft²
|
$85,000
2 Bed
1 Bath
900 ft²
|
$80,000
-5.88%
12/19/2022
|
Richard Peretz
HF Realty
| |
|
02/28/2022
|
2 Bed
|
1 Bath
|
900 ft²
|
$74,900
2 Bed
1 Bath
900 ft²
|
$68,000
-9.21%
05/02/2022
|
Richard Peretz
HF Realty
| |
|
10/29/2021
|
2 Bed
|
1 Bath
|
700 ft²
|
$79,900
2 Bed
1 Bath
700 ft²
|
$70,000
-12.39%
11/23/2021
|
Caroline Odom-Wade
Caroline Odom-Wade
| |
|
06/08/2021
|
2 Bed
|
1 Bath
|
1000 ft²
|
$75,900
2 Bed
1 Bath
1000 ft²
|
$80,000
+5.40%
09/27/2021
|
Margaret Banks
Home Sellers Realty Inc.
| |
|
06/03/2021
|
1 Bed
|
1 Bath
|
-
|
$55,000
1 Bed
1 Bath
|
-
-
|
-
| |
|
09/16/2020
|
2 Bed
|
1 Bath
|
-
|
$65,000
2 Bed
1 Bath
|
-
-
|
-
| |
|
07/08/2019
|
2 Bed
|
1 Bath
|
-
|
$53,900
2 Bed
1 Bath
|
$57,500
+6.68%
10/07/2019
|
Michelle Goldstein
| |
|
09/04/2018
|
2 Bed
|
1 Bath
|
-
|
-
2 Bed
1 Bath
|
-
-
|
-
| |
|
04/06/2018
|
2 Bed
|
1 Bath
|
-
|
$39,900
2 Bed
1 Bath
|
$31,000
-22.31%
02/11/2019
|
Jim Rossi
|
Building Info
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