$80,000
●
Condo -
Off Market
903 Elder Road #2
Homewood, IL 60430
2 Beds
1 Bath
900 Ft²
$90,175
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
Very nice 2 bed 1st floor unit with 2 garages, in the Homewood
school district. For investors, the building allows rentals.
The current long term tenant pays $989/month, but rents can be much
higher! Make it your home, or perfect for an investor who
would like to keep the current long term tenant. Assessment
includes everything except electric for the unit. Two (2)
outside parking places are assigned to the unit. Rare
opportunity to purchase a large 2 car garage with two spaces (each
space has its own PIN). Only five garage spaces within the complex.
Perfect for storing two vehicles, or one vehicle and plenty of
storage. Or rent one or both spaces for additional income!
Homeowners' exemption taken. Note: The original
$80,000 selling price was without the garages.
Unit Size
900 Ft²
Days on Market
-
Land Size
-
Price per sqft
$94
Property Type
Condo
Property Taxes
$90
HOA Dues
$390
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.
Last updated: 3 years ago (MRED MLS #11385084)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2022 | Sold | ||
| Sold | |||
| Apr 25, 2022 | Listed by HF Realty | $85,000 | |
| Listed by HF Realty | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Total Number of Parking: 4
Garage Spaces: 2
Garage On-Site: Yes
Garage Type: Attached
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Rooms: 5
Basement: Full
Basement Description: Unfinished
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 41-50 Years
Rebuilt(Y/N): No
Parcel Number: 29324080181002
Property Type: Residential
Year Built: 1973
No Disability Access
Special Conditions: None
Lot Size Dimensions: PER SURVEY
Water Source: Lake Michigan
Financial Details
Tax Year: 2020
Tax Annual Amount: $1,076
Tax Exemptions: Homeowner
Utilities Details
Cooling: Central Air
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Township: Thornton
Corporate Limits: Homewood
Directions: 183rd to Morgan to Elder to address
County or Parish: Cook
Elementary School District: 153
Middle Or Junior School District: 153
High School District: 233
High School: Homewood-Flossmoor High School
Other Details
Association Fee Includes: Heat, Water, Gas, Parking, Insurance
Association Fee: $390
Association Fee Freq: Monthly
Holds Earnest Money: No
Some Photos Virtually Staged (Y/N): No
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
About Homewood
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Listed by: Richard Peretz, HF Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11385084
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11385084
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