What Can $195K Buy in Elmhurst? A 2-Bedroom Condo With 2 Baths
Elmhurst is often associated with higher-priced single-family homes, but buyers looking for a lower-maintenance option can enter the market at a very different price point.
A recent closing at 110 W Butterfield Rd Unit 309S provides a clear example.
The 2-bedroom, 2-bath condo sold for $195,000 on November 4, 2026, offering approximately 1,007 square feet, a west-facing balcony and a monthly assessment that covers several major utilities and building services.
The transaction was represented by Michael Connor of The Cory Tanzer Group at Option Premier.
The condo had most recently been listed at $209,000, meaning the final sale price came in approximately $14,000 below asking.
For buyers researching Elmhurst condos under $200K, this closing shows what an entry-level purchase can look like in one of Chicago’s more established Western Suburbs.
What $195K Bought at Royal York
Unit 309S is located on the third floor of the Royal York condominium community on Butterfield Road.
The residence includes two bedrooms, two full bathrooms and approximately 1,007 square feet.
The west-facing balcony overlooks mature trees, adding private outdoor space without the yard maintenance associated with a detached home.
Inside, the condo had been updated and offers a straightforward five-room layout with living, dining and kitchen areas plus two bedrooms.
The primary bedroom includes its own full bathroom, giving the buyer a true two-bedroom, two-bath configuration rather than the 1.5-bath layouts sometimes found at this price point.
What Does the $725 Monthly Assessment Include?
The monthly association assessment was listed at approximately $725 at the time of sale.
That number should not be evaluated by itself.
The assessment includes:
Heat
Air conditioning
Water
Gas
Parking
Common insurance
Security
Pool access
Exterior maintenance
Lawn care
Scavenger service
Snow removal
Royal York also offers building amenities that include an indoor swimming pool, storage areas, elevators and coin laundry facilities.
For buyers comparing condos, understanding what is included in the HOA payment is essential.
A lower assessment may look attractive until a buyer realizes they are separately paying for heat, water, parking or other services that are bundled into another building’s fee.
The better comparison is the total monthly ownership cost, not simply the HOA number.
How Does $195K Compare With Elmhurst Condos?
This closing sits toward the lower end of Elmhurst’s attached-home market.
For July through September 2026, MRED-based market data showed a median sale price of approximately $375,000 for Elmhurst condos and townhomes combined.
That figure includes substantially newer, larger and higher-end properties, so it is not a direct comparable for this particular Royal York unit.
Building-level sales provide more useful context.
A 1,007-square-foot two-bedroom, two-bath Unit 206S sold for $195,000 in October 2025, while other recent Royal York units have traded at different prices depending on bedroom count, size, condition and floor position.
A 1,007-square-foot Unit 510S sold for $205,000 in July 2026, while a larger 1,302-square-foot three-bedroom Unit 502S sold for $230,000 in March 2026.
That history makes the $195,000 Unit 309S closing a useful building-level benchmark rather than simply comparing it with Elmhurst’s much broader overall housing market.
Why Buyers Consider Elmhurst
Elmhurst gives Western Suburbs buyers access to a wide range of housing, from entry-level condos to multimillion-dollar new construction.
Its location also provides convenient access to Oak Brook, major shopping areas, medical facilities, expressways and regional employment centers.
Downtown Elmhurst offers restaurants, shops and Metra service into Chicago, while the broader community has access to parks, trails and other suburban amenities.
For buyers who want the location but do not need a detached house, a condo can create a substantially different entry price.
Our recent Western Suburbs October 2026 price comparison reported a $704,999 sale-price measure for detached single-family homes in Elmhurst.
That figure should not be compared directly with a condo, but it illustrates how dramatically property type can affect the budget required to buy in the same suburb.
Buyers can also explore our guide to living in Elmhurst or our broader Chicago Western Suburbs guide.
What Does Under $200K Buy in Elmhurst?
At $195,000, this buyer secured:
2 bedrooms
2 full bathrooms
Approximately 1,007 sq ft
Third-floor location
Private west-facing balcony
Parking
Indoor pool access
Several utilities included through the assessment
Exterior maintenance and snow removal handled by the association
The tradeoff is that this type of ownership comes with a monthly HOA payment and building rules, including restrictions on pets and rentals.
For a buyer comparing this condo with a more expensive townhouse or detached home, the better question is not simply which property costs less upfront.
It is which combination of purchase price, monthly costs, maintenance responsibility, amenities and ownership restrictions best fits the buyer’s lifestyle.
Why The Cory Tanzer Group at Option Premier?
Michael is backed by The Cory Tanzer Group at Option Premier, a RealTrends Verified Chicago real estate team serving buyers and sellers throughout the city and surrounding suburbs.
Based on 2025 sales activity, RealTrends Verified recorded 181 transaction sides and $79.28 million in sales volume for the team.
The Cory Tanzer Group ranked No. 3 in Chicago and No. 13 in Illinois by transaction sides, along with No. 12 in Chicago and No. 20 in Illinois by sales volume.
That experience spans everything from entry-level condos and first-time purchases to larger suburban properties and luxury homes.
Learn more about The Cory Tanzer Group at Option Premier.
Buying or Selling a Condo in Elmhurst?
This $195,000 closing shows that buyers do not necessarily need a $700K single-family budget to purchase property in Elmhurst.
A condo can offer a substantially lower entry price while shifting more exterior maintenance and several utility costs into the association structure.
Michael Connor and The Cory Tanzer Group at Option Premier can help buyers compare Elmhurst condos, HOA costs, association rules and recent building-level sales before deciding which property offers the right combination of price and ownership experience.
ELMHURST & WESTERN SUBURBS REAL ESTATE
Meet Michael Connor, Your Elmhurst Real Estate Resource
The Cory Tanzer Group at Option Premier
Michael Connor helps buyers and sellers navigate Elmhurst and communities throughout Chicago's Western Suburbs. With a professional background rooted in hospitality and management, Michael brings a service-focused approach to real estate and helps clients stay informed and supported whether they are purchasing their first home, moving into a larger property or investing.
Ready to Work With a Chicago Real Estate Expert?
When people search for the best realtor to hire in the Western Suburbs, they are looking for local expertise, visibility, and proven neighborhood focus. The Cory Tanzer Group at Option Premier continues to be a trusted authority for West Side Chicago real estate.
Thinking about buying or selling? Connect with our team and discuss current opportunities and recent sales activity.
