$87,500
●
Condo -
Off Market
903 Elder Road #5
Homewood, IL 60430
2 Beds
1 Bath
800 Ft²
$1,098
Est. Monthly
$395
HOA / Fees
10.99%
Cap Rate
About This Property
Move in ready unit! Quiet hidden setting for this nice condo. 2nd
floor unit. Building has newer roof. Unit has a rebuilt balcony.
This two bedroom corner unit has nice sunlight. Newly painted
interior. New laminate floor. Master bedroom has a wall of closets.
Kitchen has an open dinette area with a pantry closet. Nicely
painted cabinets with new handles, tile backsplash & new butcher
block countertops. Some new lights. Building halls have new
carpeting & painting. Storage locker in the basement. Immediate
possession. Building allows rentals. 1st floor coin laundry. 2
parking spaces. Close to grammar school. Great school choices.
Awesome Homewood grammar schools & HF high school. Close to lots of
shopping and expressway. Close to new casino. Homewood has a great
park system. Unit has western & northern exposure. owner will
consider rent to own, owner financing or contract for deed with
certain requirements
Unit Size
800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$119
Property Type
Condo
Property Taxes
$236
HOA Dues
$395
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MRED MLS #11997227)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | Relisted | $94,900 | |
| Relisted | |||
| Sep 23, 2024 | In contract | - | |
| In contract | |||
| Sep 23, 2024 | Price Increased |
$94,900
↑ $5K
(5.6%) | |
| Price Increased | |||
Show More
Property Highlights
Garage
Parking Available
Parking Details
Total Number of Parking: 2
Parking Features: Unassigned, Off Street, Direct Access, Parking Lot
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Interior Features: Wood Laminate Floors, Storage, Some Window Treatment, Drapes/Blinds, Separate Dining Room, Pantry
Appliances: Range, Refrigerator, Gas Oven
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 51-60 Years
Rebuilt(Y/N): No
Parcel Number: 29324080181005
Property Type: Residential
Year Built: 1972
Roof: Tar and Gravel
No Disability Access
Special Conditions: None
Exterior Features: Balcony, Storms/Screens, End Unit, Cable Access
Lot Features: Common Grounds, Sidewalks, Streetlights
Lot Size Dimensions: COMMON
Water Source: Lake Michigan, Public
Financial Details
Tax Year: 2023
Tax Annual Amount: $2,833
Tax Exemptions: None
Utilities Details
Cooling: Window/Wall Units - 2
Heating: Natural Gas, Steam, Baseboard, Indv Controls
Sewer : Public Sewer
Location Details
Township: Thornton
Corporate Limits: Homewood
Directions: 183rd to Morgan (1000West), Morgan North to Elder (1 street), East on Elder to address at end of cul-de-sac
County or Parish: Cook
Elementary School District: 153
Elementary School: Willow School
Middle Or Junior School District: 153
Middle Or Junior School: James Hart School
High School District: 233
High School: Homewood-Flossmoor High School
Other Details
Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $395
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Possession: Closing, Immediate
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: John Nugent, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 11997227
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: 2 years ago
Data Source: MRED, MLS# 11997227
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017