18154 Martin Avenue,Homewood, IL 60430
Homewood, IL 60430
Description
Prime Mixed-Use Investment Opportunity in Downtown Homewood - 8-Unit Building. This well-maintained, all-electric mixed-use building is located in the heart of downtown Homewood, just steps from the Metra station, shops, restaurants, and village amenities. It features four ground-floor suites (900 sq ft each)-two professional offices and two residential units-plus four upper-level 2-bedroom/1.5-bath apartments (900 sq ft each). Most units have been recently updated. Stabilized gross rents project at $12,000 per month ($144,000 annually) once fully leased, with proven rents: offices at $1,400/mo each and apartments ranging $1,368-$1,795/mo. Owner pays water, garbage, sewer, snow removal, and lot cleaning; tenants pay their own electric. Annual expenses total $35,737 (utilities $9,600, insurance $4,795, taxes $21,342). The property includes local marketing services via EmpowerLinked a unique and growing marketing agency at no cost for one year. EmpowerLinked promotes your listing(s) for lease at other EmpowerLinked host locations, on social media and on digital radio. Contact us today to schedule a showing!
Details
| MLS # | 12595175 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1968 |
| Days On Site | 184 |
| Listing Provided By | Village Realty Inc | Dustin Kooy |
Features
| Story(s) | 2 |
|---|---|
| Units | 8 |
| Zoning | COMMR |
| Acreage | 7850.00 |
Interior
| Cooling | Central Air, Wall Sleeve |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 22932 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Homewood |
| Zip Code | 60430 |
| Area | Homewood |
| Listing VS Median (in 60430) | |
Price: $999,999 low | high Med: $264,900 On site: 184 low | high Med: 303 | |
Market Activity 60430
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Homewood |
| Zip Code | 60430 |
| Area | Homewood |
| Listing VS Median (in 60430) | |
Price: $999,999 low | high Med: $264,900 On site: 184 low | high Med: 303 | |
