Belmont Terrace is a small neighborhood on the far northwest side of Chicago, enveloped in nature and quiet residential avenues. Located between several large park-like cemeteries and one of the city's most expansive forest preserves, Belmont Terrace feels more like rural woodland than urban metropolis. Timeless bungalows and more contemporary two-stories offer homebuyers their choice of living style. You can even find a vintage farmhouse here if you like. And on top of prime real estate, golf enthusiasts will be thrilled by Belmont Terrace's proximity to one of the city's top public golf courses.
Large-scale development of Belmont Terrace didn’t really take off until the late 20th century. During most of the 1800s, the area shared the fate of the neighboring suburbs of Harwood Heights and Norwood which entailed nothing more than farmland and an agrarian lifestyle. Streets remained unpaved and muddy until the 1920s, goats were herded, and residents lived mostly in log cabins.
Soon after World War II, as cities nationwide watched a mass exodus of families to the suburbs, development began speeding up in the outlying settlement. The population of Belmont Terrace rapidly increased as roads were paved, utilities were added, and the neighborhood was annexed by Chicago. In the 1970s and ‘80s, the revival and growth of the adjacent communities of Belmont Heights and Dunning directly spilled over into Belmont Terrace, with widespread expansion in residential, institutional and commercial real estate.
Originally inhabited by European immigrant populations, the demographic makeup of Belmont Terrace has changed considerably in the last few decades. Many of the second-generation Polish Americans have left the neighborhood, replaced by younger families who are largely Latino in heritage. By the 1990s, Belmont Terrace became known among golf enthusiasts and nature lovers alike (Indian Boundary Golf Course and Forest Preserve is next door) as a quiet, peaceful community where residents can enjoy all of the benefits of the suburbs while living in the city.
Belmont Terrace facts
Location: about 13 miles northwest of the Loop Bordering Neighborhoods:Irving Woods, Belmont Heights, Franklin Park, River Grove, Elmwood Park Boundaries: Addison Street to the north, Pacific Avenue to the east, Belmont Avenue to the south and Cumberland Avenue to the west Crime Statistics: Go to CLEARMap to search specific streets and areas for crime incidents
Belmont Terrace transportation
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Belmont Terrace Real Estate
Architectural genres in Belmont Terrace range from the distinctly Chicago-style brick bungalow to new construction two-story houses, with several smaller frame homes tucked in between. Even though the ambiance of this northwest side subdivision is much more spacious and suburban than its sister neighborhoods to the east, the real estate in Belmont Terrace is pretty tightly packed on long narrow lots that still provide front and back yards and plenty of room for the kids, or the dog, to run around and play.
The streets here are typically quiet, lined with an abundance of trees and edged by well-kept sidewalks. A system of back-alley service roads allow residents to access their garages and garbage trucks to pick up the trash. Really, your standard Chicago neighborhood infrastructure, right down to the grid layout.
The trend of putting up new condominiums hasn’t hit Belmont Terrace, instead the majority of the condo units in the neighborhood occupy older low-rise buildings that start in the low $100,000s for a one-bedroom unit with a street parking spot. Two-bedroom places with a garage parking space sell for as high as $250,000. Detached single-family homes in Belmont Terrace, on the other hand, are much more diverse in character and age. There are vintage farmstead-style houses with beautiful exterior stonework and brand new models with modern amenities including granite kitchen counter tops, stainless steel appliances, hardwood flooring, not to mention the finished basements, sometimes with built-in bars. Generally speaking, the price for a two- or three-bedroom house in Belmont Terrace neighborhood ranges between the low $200,000s and the mid to upper $300,000s. Larger homes, or ones that have undergone major interior renovations, typically sell for between $350,000 and $720,000 in this part of the city.
The average sale price of a home in Belmont Terrace is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Belmont Terrace sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in Belmont Terrace spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Belmont Terrace sign up for the trends report below or contact your Dream Town broker.
The average sale price of a home compared to its listing price in Belmont Terrace is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Belmont Terrace sign up for the trends report below or contact your Dream Town broker.
The total number of listings in Belmont Terrace is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Belmont Terrace sign up for the trends report below or contact your Dream Town broker.
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