Hanover Terrace is an established single-family home community in Hanover Park, Illinois, located near Lake Street and north of Walnut Avenue. Developed primarily from the mid-1960s through the 1970s, the neighborhood features established residential streets with homes that reflect the architectural styles and layouts common to that period.

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Homes in Hanover Terrace offer a variety of floor plans and sizes, with residences generally ranging from approximately 830 to more than 2,200 square feet. Properties include a mix of ranch and two-story designs, with many homes featuring three or four bedrooms, one or more bathrooms, basements, and garages. Individual features and lot sizes vary throughout the neighborhood.

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Location adds to Hanover Terrace's convenience, with easy access to Lake Street, Walnut Avenue, nearby parks, shopping, dining, and other Hanover Park amenities. The neighborhood's established homes, varied floor plans, and location within the village make Hanover Terrace a recognizable residential community in Hanover Park.