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  1. Home/
  2. Niles, IL/
  3. Terrace Square Condominiums

Terrace Square Condominiums

9118 W Elmwood Drive, Niles, IL, 60714

Terrace Square CondominiumsCommunity
Units for Sale

Front view of a multi-story building with balconies and an entrance canopy.View Listing
MLS ID #12287687
Front view of a multi-story building with balconies and an entrance canopy.View ListingMLS ID #12287687
Front view of a multi-story building with balconies and an entrance canopy.View ListingMLS ID #12048460
View from a balcony looking out towards a neighboring apartment building.View ListingMLS ID #12048460
Front view of a recreation center building with large glass windows and brick entrance.View ListingMLS ID #12048460
YearBuilt

Year Built

1980

Stories

# Stories

6

#TotalUnits

# Total Units

66
UnitSizeRange

Unit Size Range

1,400-1,500 sqft

UnitDemand

Unit Demand

Stories

Low

UnitAvailability

Unit Availability

Stories

Low


Building Description

Terrace Square Condominiums is a six-story residential building constructed in 1980, located at 9118 W Elmwood Drive, Niles, IL 60714. The building offers a variety of spacious layouts including 1 and 2-bedroom units, providing residents with a comfortable living environment. Built with durable materials typical of the era, the structure reflects a blend of practicality and classic design. Terrace Square Condominiums features a selection of convenient amenities. Residents have access to a well-maintained outdoor swimming pool and an onsite fitness center, catering to a healthy lifestyle. There is also a community room available for gatherings and events. The building includes generous green spaces, offering a relaxing outdoor area within the community. The surrounding neighborhood of Terrace Square Condominiums is enhanced by its accessibility to local shopping centers, dining establishments, and entertainment options in Niles. Public transportation is easily accessible, providing residents with straightforward commutes to surrounding areas. Proximity to parks and recreational areas further enriches the living experience, making Terrace Square Condominiums an appealing choice for those seeking a balance of residential convenience and nearby amenities.

Front view of a multi-story building with balconies and an entrance canopy.View Listing
MLS ID #12287687
Front view of a multi-story building with balconies and an entrance canopy.View ListingMLS ID #12287687
Front view of a multi-story building with balconies and an entrance canopy.View ListingMLS ID #12048460
View from a balcony looking out towards a neighboring apartment building.View ListingMLS ID #12048460
Front view of a recreation center building with large glass windows and brick entrance.View ListingMLS ID #12048460

Amenities

ParkingParking
LockerLocker
ConciergeConcierge
ElevatorElevatorCheck Icon
Central ACCentral AC
PoolPoolCheck Icon
Fitness CenterFitness CenterCheck Icon
Visitors ParkingVisitors Parking

Building Policies

Pet AllowedPets Allowed
Short-term Rental AllowedShort-term Rental Allowed
BBQ PermittedBBQ Permitted
Sublet AllowedSublet Allowed

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Terrace Square Condominiums Market Report (last 12 months)

Avg. List Price
$271,000 ($224/Sqft.)
Year-Over-Year List Price
Up Arrow 36.21%
Total Listings
Listings2
Avg. Days On Market
Calendar53
Avg. Sale Price
$267,500 ($221/Sqft.)
Year-Over-Year Sale Price
Up Arrow 37.51%
Total Sold
Sold2
Avg. HOA Fees/Sqft
$3 /monthly
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About Terrace Square Condominiums

Condo Living at Terrace Square Condominiums, located at 9118 W ELMWOOD DRIVE,NILES,IL:

Welcome to the warm and inviting community of Terrace Square Condominiums! Nestled in the heart of Niles, Illinois, this condo building has been a beloved choice for many first-time homebuyers since its establishment in 1980. With six stories and 66 total units, residents enjoy a cozy yet vibrant atmosphere. The property boasts a charming character combined with modern convenience—perfect for those entering the real estate market.

Building Features and Unit Availability:

At Terrace Square, you’ll find a range of spacious units sized between 1,400 to 1,500 square feet. While there’s currently low availability, potential buyers can rejoice at the fact that the community often draws interest due to its appealing features. Priced at an average of around $230,667, the value here is quite impressive, especially when considering the price per square foot at $221. The demand may currently be low, but this can be a golden opportunity for savvy first-time buyers looking for their dream home.

Amenities You'll Love:

Living at Terrace Square isn’t just about the condo—it’s about enjoying an active lifestyle as well! The property offers a fantastic array of amenities that’ll make you feel right at home. From a fully-equipped exercise room and health club to a refreshing pool and relaxing sauna, there’s something for everyone. You can host memorable gatherings in the clubhouse or party room, enjoy sunny days on the sundeck, or take leisurely strolls through the picnic area and park. For biking enthusiasts, bike trails are available, ensuring plenty of options for outdoor fun!

  1. Home/
  2. Niles, IL/
  3. Terrace Square Condominiums
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