Why Live in Belmont Terrace
Belmont Terrace, affectionately known as the “P Streets,” is the smallest subdivision of the Dunning neighborhood in northwest Chicago. This area combines the benefits of city living with a small-town feel, characterized by busy parks and peaceful residential streets. Hiawatha Park, located in the community’s northeast corner, is a popular spot for little league baseball, a splash pad, and various club activities for teens and seniors. For those seeking a more natural setting, Shiller Woods-South offers wooded trails for hiking and biking. The neighborhood features a mix of ranch and Cape Cod-style homes from the late 40s and early 50s, alongside newer traditional-style homes built in the 21st century. These homes are set on well-maintained yards with neat sidewalks and streetlights. Belmont Terrace is primarily residential, but dining and shopping options are nearby. Locals frequent Breakfast House & Coffee Bar and shop at Thatcher Woods Center, which includes Rich’s Fresh Market and various retailers. Edelweiss German American Cuisine offers German beer, pretzels, and live entertainment. Young students attend the highly rated Canty Elementary School, while older students go to Steinmetz College Prep. Commuting to downtown Chicago is convenient with a 15.1-mile drive via I-290 or a mile-long trip to River Grove Station for the Commuter Rail. Chicago O’Hare International Airport is 5.8 miles away, and Gottlieb Memorial Hospital and Triton College are less than 3 miles from the neighborhood.
Home Trends in Belmont Terrace, IL
On average, homes in Belmont Terrace, Chicago sell after 17 days on the market compared to the national average of 51 days. The median sale price for homes in Belmont Terrace, Chicago over the last 12 months is $347,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$347,000
Median Single Family Sale Price
$386,000
Median 2 Bedroom Sale Price
$243,750
Median 1 Bedroom Sale Price
$144,900
Average Price Per Sq Ft
$262
Number of Homes for Sale
5
Last 12 months Home Sales
33
Median List Price
$372,449
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%