$97,000
●
House -
Off Market
903 Elder Road #7
Homewood, IL 60430
2 Beds
1 Bath
$987
Est. Monthly
$393
HOA / Fees
About This Property
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!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$118
HOA Dues
$393
Year Built
-
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Cap Rate Calculator
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Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
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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.
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Parking Features: Unassigned, Off Street, Permit Required, Yes
Interior Details
Full Bathrooms: 1
Appliances: Range, Refrigerator
Rooms: 5
Basement: None
Exterior Details
Construction Materials: Brick
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Annual Amount: $1,412
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Gas, Insurance, Maintenance Grounds, Snow Removal, Exterior Maintenance, Scavenger
HOA Fee: $393
HOA Fee Frequency: Monthly
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: Ajariel Murphy, POWER Realty Chicagoland,PLLC
Data Source: MRED, MLS# MRD12495759
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.
Data Source: MRED, MLS# MRD12495759
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