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  3. Homewood, IL
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  5. Homewood Terrace Condominiums
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Homewood Terrace Condominiums

840 Elder Road, Homewood, IL, 60430 |Homewood Terrace Condominiums

YEAR BUILT

1977

# STORIES

4

# TOTAL UNITS

69

UNIT SIZE RANGE

1,050-1,150 sqft

Description

Homewood Terrace Condominiums is located at 840 Elder Road in Homewood. This mid-rise building has 4 stories and contains a total of 69 units. Constructed in 1977, it presents a solid layout that many find appealing. Units range in size from 1,050 to 1,150 square feet. Prices for these units fall between $114,900 and $135,000. Recent sales show an average closed price around $123,050, which translates to roughly $158 per square foot. The average time on the market for a unit is about 52 days. Residents can find great amenities here. The building includes features like an indoor pool, exercise room, and sauna. Outdoor options also exist, with a park offering green space nearby. The clubhouse and party room are perfect for social gatherings. Living here provides access to local businesses. Harold's Chicken Homewood and DOLLAR GENERAL are close by. These spots cater to everyday needs, making life a bit simpler. Plus, the area is near local roads, making travel easy. This community has a lot to offer, with water views adding to the appeal. The available features create a comfortable atmosphere. Nearby spots provide a sense of neighborhood while also enhancing the quality of life for residents.

Building ImageMLS ID #12331984
Building ImageMLS ID #12265064
Building Image
Building ImageView Listing

Homewood Terrace Condominiums

840 Elder Road, Homewood, IL, 60430

|Homewood Terrace Condominiums

YEAR BUILT

1977

# STORIES

4

# TOTAL UNITS

69

UNIT SIZE RANGE

1,050-1,150 sqft

Description

Homewood Terrace Condominiums is located at 840 Elder Road in Homewood. This mid-rise building has 4 stories and contains a total of 69 units. Constructed in 1977, it presents a solid layout that many find appealing. Units range in size from 1,050 to 1,150 square feet. Prices for these units fall between $114,900 and $135,000. Recent sales show an average closed price around $123,050, which translates to roughly $158 per square foot. The average time on the market for a unit is about 52 days. Residents can find great amenities here. The building includes features like an indoor pool, exercise room, and sauna. Outdoor options also exist, with a park offering green space nearby. The clubhouse and party room are perfect for social gatherings. Living here provides access to local businesses. Harold's Chicken Homewood and DOLLAR GENERAL are close by. These spots cater to everyday needs, making life a bit simpler. Plus, the area is near local roads, making travel easy. This community has a lot to offer, with water views adding to the appeal. The available features create a comfortable atmosphere. Nearby spots provide a sense of neighborhood while also enhancing the quality of life for residents.

Next

Description

Homewood Terrace Condominiums is located at 840 Elder Road in Homewood. This mid-rise building has 4 stories and contains a total of 69 units. Constructed in 1977, it presents a solid layout that many find appealing. Units range in size from 1,050 to 1,150 square feet. Prices for these units fall between $114,900 and $135,000. Recent sales show an average closed price around $123,050, which translates to roughly $158 per square foot. The average time on the market for a unit is about 52 days. Residents can find great amenities here. The building includes features like an indoor pool, exercise room, and sauna. Outdoor options also exist, with a park offering green space nearby. The clubhouse and party room are perfect for social gatherings. Living here provides access to local businesses. Harold's Chicken Homewood and DOLLAR GENERAL are close by. These spots cater to everyday needs, making life a bit simpler. Plus, the area is near local roads, making travel easy. This community has a lot to offer, with water views adding to the appeal. The available features create a comfortable atmosphere. Nearby spots provide a sense of neighborhood while also enhancing the quality of life for residents.

Homewood Terrace Condominiums Market Stats Last 12 months

Avg. Listed Price$125,467($154/Sqft.)

Avg. Sale Price$123,050($158/Sqft.)
Year over year list priceUp Arrow14.93%

Year over year sale priceUp Arrow 16.45%
Total Listings3 Listed

Total sold2 Sold
Average Days on Market52 days

Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list priceUp Arrow14.93%

Year over year sale priceUp Arrow16.45%
Total Listings3 Listed

Total sold2 Sold
Average Days on Market52 days

Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Homewood Terrace Condominiums Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit A116A11665011512025-06-02
MLS#: 12331984
Closed$114,900
Unit 30230295022522025-02-27
MLS#: 12265064
Closed$131,200
Unit A301A30180022962024-09-16
MLS#: 12081397
Closed$135,000
Unit 302
302

2 Beds

2 Baths

950 sqft


DateStatusPrice
2025-02-27Closed$131,200
MLS#: 12265064
Days On Market52
Unit A116
A116

1 Beds

1 Baths

650 sqft


DateStatusPrice
2025-06-02Closed$114,900
MLS#: 12331984
Days On Market51
Unit A301
A301

2 Beds

2 Baths

800 sqft


DateStatusPrice
2024-09-16Closed$135,000
MLS#: 12081397
Days On Market96
View Complete Unit Listing HistorySource By: MRED

Amenities

Homewood Terrace packs in an impressive lineup of amenities that will have you feeling right at home. Complete with an indoor pool and a spacious exercise room, staying fit and relaxed is easy. The property features an inviting sauna, steam room, and even a clubhouse for social gatherings or quiet nights in. Want to soak up the sun? The sundeck is a perfect spot to catch some rays. And for those who enjoy outdoor activities, you’ll love the bike room and the nearby trails for cycling and walking. These perks make condo living at Homewood Terrace not just convenient but a lifestyle choice you’ll treasure.

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Amenities Description

Homewood Terrace packs in an impressive lineup of amenities that will have you feeling right at home. Complete with an indoor pool and a spacious exercise room, staying fit and relaxed is easy. The property features an inviting sauna, steam room, and even a clubhouse for social gatherings or quiet nights in. Want to soak up the sun? The sundeck is a perfect spot to catch some rays. And for those who enjoy outdoor activities, you’ll love the bike room and the nearby trails for cycling and walking. These perks make condo living at Homewood Terrace not just convenient but a lifestyle choice you’ll treasure.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Water View

Water View

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Pool

Pool

In Ground Pool

In Ground Pool

Indoor Pool

Indoor Pool

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Coin Laundry

Coin Laundry

Sundeck

Sundeck

Patio

Patio

Steam Room

Steam Room

Sauna

Sauna

Clubhouse

Clubhouse

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

It’s essential to know what to expect with building policies, especially for pet lovers. At Homewood Terrace, cats are welcome, while dogs are subject to certain size restrictions, so your furry friends are mostly accommodated. The policies include a deposit requirement and an additional pet rent, ensuring that everyone follows the rules that keep the community feeling its best.

Next

Amenities Description

It’s essential to know what to expect with building policies, especially for pet lovers. At Homewood Terrace, cats are welcome, while dogs are subject to certain size restrictions, so your furry friends are mostly accommodated. The policies include a deposit requirement and an additional pet rent, ensuring that everyone follows the rules that keep the community feeling its best.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Homewood Terrace Condominiums$158/sqft.$3 /sqft.
Homewood Terrace Condominiums$107/sqft.$3 /sqft.
830 Elder Rd$147/sqft.$3 /sqft.
840 Elder Rd$158/sqft.$3 /sqft.
820 Elder Rd$170/sqft.$3 /sqft.
Homewood Terrace Condominiums$170/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to Homewood Terrace Condominiums.

James Hart School

C+
Public|Grades 6–8
18220 Morgan St|0.31 miles away

Longwood Elementary School

C
Public|Grades PK–4
441 N Longwood Dr|0.65 miles away

Glenwood Academy

--
Private|Grades 2–8
500 W 187th St|1.27 miles away

Winston Churchill School

B+
Public|Grades 3–5
1300 190th St|1.47 miles away

Hello Montessori Preschool & Kindergarten

--
Private|Grades PK–KG
18850 Riegel Rd|1.48 miles away

Willow School

--
Public|Grades PK–2
1804 Willow Rd|1.55 miles away
Next

Schools

James Hart School

C+
Public|Grades 6–8
18220 Morgan St|Less than 1 Mile Away

Longwood Elementary School

C
Public|Grades PK–4
441 N Longwood Dr|Less than 1 Mile Away

Glenwood Academy

--
Private|Grades 2–8
500 W 187th St|1.27 Miles Away

Winston Churchill School

B+
Public|Grades 3–5
1300 190th St|1.47 Miles Away

Hello Montessori Preschool & Kindergarten

--
Private|Grades PK–KG
18850 Riegel Rd|1.48 Miles Away

Willow School

--
Public|Grades PK–2
1804 Willow Rd|1.55 Miles Away

Bright Start Child Care

--
Private|Grades PK–KG
1800 Ridge Rd|1.62 Miles Away

Wolcott School

B+
Public|Grades KG–8
200 N Wolcott St|1.87 Miles Away

Serena Hills Elementary School

C-
Public|Grades KG–5
255 Pleasant Dr|2.63 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

Halsted St & Elder Rd

0.12 miles away|3 min walk

Halsted St & 183rd St

0.18 miles away|4 min walk

Halsted St & Ridge Rd

0.31 miles away|6 min walk

Halsted / Ridge

0.31 miles away|6 min walk

Halsted / Boston Market / L.J.S.

0.49 miles away|10 min walk

Pace Homewood Park-n-Ride

0.52 miles away|10 min walk
Next

Transit

Halsted St & Elder Rd

0.12 miles away|3 min walk

Halsted St & 183rd St

0.18 miles away|4 min walk

Halsted St & Ridge Rd

0.31 miles away|6 min walk

Halsted / Ridge

0.31 miles away|6 min walk

Halsted / Boston Market / L.J.S.

0.49 miles away|10 min walk

Pace Homewood Park-n-Ride

0.52 miles away|10 min walk

Halsted St & Strieff Ln

0.54 miles away|11 min walk

17855 Halsted St

0.56 miles away|11 min walk

Halsted St & Maple Ave

0.68 miles away|14 min walk

Halsted St & 187th St

0.87 miles away|17 min walk

17579 Halsted St

0.92 miles away|18 min walk

Halsted St & 175th St

1.15 miles away|22 min walk

Halsted St & Bowling Green Dr

1.3 miles away|25 min walk

Halsted St & 174th St

1.36 miles away|26 min walk

19000 Halsted St / Army Reserve Center

1.43 miles away|28 min walk

Halsted St & Holbrook Rd

1.84 miles away|36 min walk

Williams St & Margaret St

1.9 miles away|37 min walk

183rd St & Dixie Hwy

1.9 miles away|37 min walk

Dixie Hwy & Ridge Rd

1.91 miles away|37 min walk

Dixie Hwy & 183rd St

1.91 miles away|37 min walk

Dixie Hwy & Elm Rd

1.94 miles away|38 min walk

Williams St & Eleanor St

1.98 miles away|38 min walk

Ridge Rd & Martin Ave

1.98 miles away|38 min walk

Eleanor St & Julian St

2.08 miles away|40 min walk

Dixie Hwy & Maple Rd

2.08 miles away|40 min walk

183rd St & Morris Ave

2.09 miles away|41 min walk

Dixie Hwy & Cedar Rd

2.09 miles away|41 min walk

Homewood

2.14 miles away|42 min walk

Homewood Metra Station

2.16 miles away|42 min walk

Calumet

2.16 miles away|42 min walk

Calumet Metra Station

2.17 miles away|42 min walk

183rd St & Harwood Ave

2.17 miles away|42 min walk

Halsted St & 172nd St / 171st St

2.17 miles away|42 min walk

Harwood Ave & 183rd St

2.17 miles away|42 min walk

Halsted St & 195th St

2.21 miles away|43 min walk

Dixie Hwy & 175th St

2.21 miles away|43 min walk

Eleanor St & Blackstone St

2.25 miles away|44 min walk

Wood St & 172nd Rd

2.27 miles away|44 min walk

Wood St & 172nd Pl

2.3 miles away|45 min walk

Hazel Crest

2.46 miles away|48 min walk

Chicago Rd & Queens Ln

2.49 miles away|48 min walk

501 Chicago Rd

2.52 miles away|49 min walk

Halsted St & 167th St

2.54 miles away|49 min walk

Wood St & 170th St

2.56 miles away|50 min walk

183rd St & Western Ave

2.58 miles away|50 min walk

Chicago Rd & Indianwood Dr

2.6 miles away|50 min walk

Halsted St & 197th Pl

2.64 miles away|51 min walk

The Neighbourhood: Homewood Terrace Condominiums

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Homewood Terrace Condominiums Demographics

Age Demographics

0–14 Years

24.73%

15–29 Years

16.92%

30–44 Years

18.87%

45–59 Years

20.11%

60+ Years

19.37%

Commute

7.18%

Transit

4.06%

Walk

80.68%

Drive

0.16%

Bike

Housing Ownership

78.77%

Owner Occupied

21.23%

Rental Units

Household Types

Single Family
27.03%
Multi Family
14.13%
Single Person
26.92%
Multi Person
73.08%

Average Income

Household:$8,213,527.67 /yr

Individual:$3,362,721.36 /yr

Education

Bachelors Degree24.96%
High School College18.91%
Diploma9.14%
Post Graduate16.3%
Others30.69%
Next

Education

Diploma9.14%
Post Graduate16.3%
Others30.69%
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    Homewood Terrace Condominiums
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