$72,090*
●
Condo -
Off Market
903 Elder Road #7
HOMEWOOD, IL 60430
2 Beds
1 Bath
$40,000 - $50,000
Reference Base Price*
51.77%
Since Dec 1, 2018
National-US
Primary Model
About This Property
Great rehab in the beautiful town of Homewood. Recent updates
include NEW bathroom, bedroom windows and blinds, A/C, kitchen
sink, faucet and fixtures, laminate flooring and fresh paint
throughout. Light and bright! Close to shopping,
dining, transportation, parks and schools. In the award winning HF
District and close to hip downtown Homewood! Don't miss out
on this opportunity to own your own home!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$135
HOA Dues
$33
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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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 |
|---|---|---|---|
| Sep 21, 2026 | Listed | $95,000 | |
| Listed | |||
   | |||
|
Beautifully spacious and maintained home in the desirable community of Homewood, Illinois! This light and bright residence features , a stylish kitchen with quality fixtures, laminate flooring, and a comfortable layout throughout. Conveniently located near a major shopping center, the new Wind Creek Casino, dining, transportation, parks, and schools. Situated within the award-winning HF District and just minutes from vibrant Downtown Homewood. A wonderful opportunity to own in a sought-after location! (AS IN CONDITION)
| |||
| Sep 19, 2026 | No longer available | - | |
| No longer available | |||
| Jul 1, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | No longer available | - | |
| No longer available | |||
| Mar 16, 2026 | Listed | $95,000 | |
| Listed | |||
   | |||
|
Beautifully spacious and maintained home in the desirable community of Homewood, Illinois! This light and bright residence features , a stylish kitchen with quality fixtures, laminate flooring, and a comfortable layout throughout. Conveniently located near a major shopping center, the new Wind Creek Casino, dining, transportation, parks, and schools. Situated within the award-winning HF District and just minutes from vibrant Downtown Homewood. A wonderful opportunity to own in a sought-after location! (AS IN CONDITION)
| |||
Show More
Property Highlights
Air Conditioning
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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