$430,654Average Value$314Average Price per Sq Ft1Home For Sale
The Terrace sits 20 miles from The Loop
The Terrace is a compact residential community 20 miles north of Downtown Chicago. Located in the village of Niles, the neighborhood is lined with affordable midcentury homes—typical of Chicago’s northern suburbs. “People choose Niles when they’re looking for proximity,” says Steve Genyk, a local broker with Dream Town Real Estate. “Maybe they want to live near the city, but far enough away from the expenses. Niles offers that.” Bordered by two of the village’s bustling thoroughfares, residents of The Terrace indeed benefit from proximity: both to Downtown Chicago and to Niles’ shopping and dining hubs. Additionally, highly rated public and private schools mean city-dwellers similarly commute back and forth. This exchange keeps residents in the loop, despite living 20 miles from The Loop.
Midcentury homes line gridded streets in The Terrace
Compact blocks of single-family homes form a grid in The Terrace community. Cape Cods and midcentury ranch-style homes line streets like Osceola, Olcott and Oleander Avenues, each one flaunting a series of square lawns sprouting modest gardens, shrubs and trees. Sidewalks run between them, often branching off into front stoops or paved driveways leading to detached garages. With the exception of a few retailers on Dempster Street, the neighborhood is almost entirely residential. Further, The Terrace’s CAP Index crime score sits at 2, compared to the national average of 4. Homebuyers can expect prices to fall between $300,000 and $500,000, about average in Niles. Rentals also sit in the northeastern corner of Terrace, in low-rise brick buildings reminiscent of Georgian Revival architecture.
Mature tree's line the charming streets of Nile's The Terrace neighborhood.
Mid-century ranch homes have providied The Terrace with affordable entry points since 1950.
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Dempster Street & Milwaukee Avenue offer ample shops and eats
Dempster Street is a major thoroughfare in Niles, lined with shops and restaurants serving the entire village. Residents of The Terrace are within walking distance of the strip’s Village Plaza, which houses Hobby Lobby, TJ Maxx, Home Goods and Michael’s. Casual eats like Culver’s surround the shopping center, neighboring international spots like Tava Fresh Taste of India and Savory Crust Gourmet Empanadas.
Farther south, Jewel-Osco neighbors Jerry’s Fruit & Garden, a popular market known for its wide variety of produce options. Residents time their visits to avoid the masses, shopping for everything from dragon fruit to kabocha Japanese squash. Over on Milwaukee Avenue, Golf Mill Shopping Center is slated for demolition in 2025. The site will undergo a $440 million rebuild set for completion in 2027, retaining a few of its current tenants, including Target, Burlington and Ulta. Fresh Farms International Market, Walmart Supercenter and Patel Brothers are across the street and will remain open throughout the construction process. Milwaukee Avenue boasts various global cuisine restaurants, including Taco Maya and Mykonos Greek Restaurant, which has served authentic Grecian recipes since 1981.
Village Plaza is the one stop destination for retail needs in the Terrace.
Mykonos Greek restaurant is long standing community staple in Oak Park.
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Chicagoans commute to the private Catholic school next door
Students in The Terrace attend East Maine School District 63, beginning at Melzer Elementary. With a B-plus on Niche, the school prides itself on an active Parent-Teacher Organization that sponsors annual events like a Valentine’s Day dance and book fair. With the same Niche grade, Gemini Middle School is the district’s only intermediate institution, integrating elementary students from across the village. Maine East High School is part of Maine Township High School District 207. Located in Park Ridge, the public high school earns an A on Niche and provides 18 Advanced Placement courses alongside dual-credit opportunities with Oakton College.
Notre Dame College Prep is a private, all-boys Catholic high school on Ozark Avenue, less than a mile west of The Terrace. With an A-minus on Niche, Notre Dame is part of the Roman Catholic Archdiocese of Chicago. “North Niles has good public schools, so most people use them,” Genyk says. “But when you’re living in northwest Chicago, you send your kids somewhere private if you can—Most students at Notre Dame live in the city and commute for school.”
Maine East High School receives a A on Niche.com for its test scores and diversity.
Notre Dame College Prep is a well rated private school in Niles.
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Chicago commuters heading to The Loop have options
Most residents in The Terrace are car-dependent, but Pace Suburban buses stop along Oketo Avenue, Main Street, Dempster Street and Harlem Avenue. The nearest emergency room, Advocate Lutheran General Hospital, sits 3 miles west on Dempster. Chicago commuters typically drive about 20 miles south on Interstate 94, but many opt for the Metra. The nearest station is Morton Grove on Lehigh Avenue, 2 miles away. The nearest L train station is Oakton-Skokie, home of the “Skokie Swift” Yellow Line route, which heads south to Howard station, where riders can transfer to the Purple Line Express or the Red Line to reach The Loop. “Niles doesn’t have a direct stop for the L train or the Metra,” Genyk says. “If you’re heading to The Loop, you’re going to take the Metra. But you'd drive if you don’t have the luxury of time.” Alternatively, out-of-state travelers almost always drive the 8 miles south to Chicago O’Hare International Airport.
Miami Woods houses a portion of the North Branch Trail
Oak Park is a community gathering place within walking distance of The Terrace. A walking path along the park’s perimeter surrounds ball fields, courts, a playground and a butterfly garden just a few blocks west on Overhill Avenue. On Friday nights throughout the summer, residents from The Terrace and neighboring communities even break out their lawn chairs for the park’s free concert series. Less than a mile south, Grennan Heights Park’s outdoor fields, courts and playground pair with an indoor gym for fall and winter youth athletic programs.
“There’s also this great trail that runs through Niles,” Genyk says, referring to the North Branch Trail, accessible from Miami Woods. “It’s this uninterrupted biking and walking path that leads all the way from the village to the Chicago Botanic Garden in Glencoe.” The Terrace residents are only a mile north of Miami Woods, a 113-acre preserve bordering the North Branch Chicago River. A 1.5-mile portion of the North Branch Trail cuts through, heading into nearby preserves like Wayside Woods and, even farther north, George F. Nixon Woods.
The paved North Branch Trail winds through the forest preserves in The Terrace.
Visitors to the Miami Woods enjoy the serene woods and prairie, a stunning wildflowers.
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Catching the annual Fourth of July Parade on Main Street
On Friday nights throughout the summer, residents from The Terrace and neighboring communities even break out their lawn chairs for the park’s free concert series. Plenty more annual events occur within a few miles of the community. At the end of each school year, District 63 hosts an Education Foundation Fun Fest & Carnival at Golf Mill Park, complete with games, food vendors and carnival rides to celebrate the start of summer break. On Independence Day, the village’s annual Fourth of July Parade begins at Notre Dame College Prep. Residents can catch the floats pass on Main Street as the parade heads south to Grennan Heights Park. Later in July, St. Haralambos Orthodox Church hosts a Big Greek Food Fest complete with homemade food and pastries, traditional Greek dancing, a raffle and even tours of the church’s ornate sanctuary.
There are festive outfits and dances during the Morton Grove Fourth of July Parade.
The magic carpets flew through the Morton Grove Fourth of July Parade.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Matthew Schneider,
an experienced agent in this neighborhood.
Parks in this Area
Linne Woods Forest Preserve
Bike Trails
Boating
Picnic Area
Grennan Heights Park
Baseball/Softball
Basketball
Soccer
Oak Park
Baseball/Softball
Basketball
Picnic Area
Miami Woods
Transit
Airport
Chicago O'Hare International
16 min drive
Bus
Main St & Olcott Ave
Bus
Oketo Ave & Crain St
Bus
Dempster St & Olcott Ave
Bus
Main St & Oleaner Ave
Bus
Oketo & Breen
Bus
Oketo & Lill
Bus
Oketo & Greenleaf
Crime and Safety
1 - Low Crime, 10 - High Crime
The Terrace
US
Homicide
2
4
Sexual Assault
1
4
Assault with Weapon
2
4
Robbery
2
4
Burglary
2
4
Motor Vehicle Theft
2
4
Larceny
2
4
Crime Score
2
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in The Terrace, Niles sell after 13 days on the market compared to the national average of 47 days. The average sale price for homes in The Terrace, Niles over the last 12 months is $435,577, up 12% from the average home sale price over the previous 12 months.
Beautifully updated 3-bedroom unit in Prime Niles Location. This bright and spacious 3-bedroom, 1.5-bath unit features a welcoming foyer, a large living room, a formal dining room, and hardwood floors throughout. Enjoy a brand-new kitchen with 42-inch cabinets, quartz countertops, and stainless-steel appliances. Updated bathrooms, generous-sized bedrooms, central heating and A/C, plus a one-car
Christos Prappas@properties Christie's International Real Estate
Interested in learning more about homes in this area?
Reach out to
Matthew Schneider,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,010
Median Age
51
Population under 18
16.9%
Below the national average
23.8%
Population over 65
30%
Above the national average
19.1%
Finances
Median Household Income
$97,265
Significantly above the national average
$71,702
Average Household Income
$106,478
Education and Workforce
High School Graduates
88.3%
College Graduates
45.4%
Above the national average
34.1%
Advanced Degrees
15.1%
% Population in Labor Force
68%
On par with the national average
65.1%
Weather
Annual Precipitation
40''
Average Winter Low Temperature
17°F
Average Summer High Temperature
83°F
Annual Snowfall
18''
Area Factors
Bikeable
Bike Score®
55/ 100
Somewhat Walkable
Walk Score®
57/ 100
Some Transit
Transit Score®
46/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
