$490,000
SOLD JUL 31, 2024

916 Elder Rd Homewood, IL 60430

7 Beds
4 Baths
-- Sq Ft
9,148 Sq Ft Lot

Recently Sold

2 Days on Market

About This Home

As of March 2025

Welcome to this charming 4-unit brick building, a well-maintained property nestled in a clean, quiet, and serene community. Renovated just three years ago, this building boasts modern amenities while retaining its classic appeal. Located in the highly desired Homewood-Flossmoor High School district, it's perfect for families prioritizing top-notch education. Conveniently situated near the Lions Club pool and a sports center, this property is ideal for active families. The building features brand new pipes throughout, ensuring a worry-free living experience. The laundry room is equipped with a newer washer and dryer, adding to the convenience. The top two units are currently occupied by long-term renters, providing a stable income stream. The bottom two units are vacant and ready for new tenants, offering an excellent opportunity for investment. Each unit has separate electricity and gas meters, allowing tenants to manage their own utility expenses. Don't miss out on this fantastic investment opportunity in a prime location!

Last Agent to Sell the Property

Alexis Dawkins

Coldwell Banker Realty License #475199729 Listed on: 06/03/2024

Coldwell Banker Realty

Last Buyer's Agent

Olga Kaminska

Core Realty & Investments Inc. License #475170254

Core Realty & Investments Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,694

Year Built

  • Built in 1963 | Remodeled in 2021

Lot Details

  • Lot Dimensions are 75x180

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Homewood-Flossmoor High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,694

Year Built

Built in 1963 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: ResidentialIncome
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 490000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 4
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • High School: Homewood-Flossmoor High School
  • Middle/Junior School District: 153

Lot Info

  • Lot Dimensions: 75X180
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 15694
  • Tax Year: 2022

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold $525,000 -15.3% --
02/17/2025 02/17/25 For Sale $619,900 0.0% --
02/14/2025 02/14/25 Pending -- -- --
01/13/2025 01/13/25 Pending -- -- --
12/13/2024 12/13/24 For Sale $619,900 +26.5% --
07/31/2024 07/31/24 Sold $490,000 0.0% --
06/06/2024 06/06/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $490,000 0.0% --
10/19/2020 10/19/20 Rented $1,200 0.0% --
09/04/2020 09/04/20 For Rent $1,200 0.0% --
08/27/2020 08/27/20 Under Contract -- -- --
06/22/2020 06/22/20 For Rent $1,200 0.0% --
02/12/2019 02/12/19 Sold $330,000 -2.9% --
11/14/2018 11/14/18 Pending -- -- --
11/13/2018 11/13/18 For Sale $340,000 +3.0% --
11/12/2018 11/12/18 Off Market $330,000 -- --
11/01/2018 11/01/18 For Sale $340,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12069683

Midwest Real Estate Data (MRED)