$1,128,000

18154 Martin Avenue, Homewood, IL 60430

  • Property Icon other
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 14 days ago

Property 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!

Listing Status:
Active
Data Last Updated:
April 7, 2026 at 7:18AM
Listing Office:
Village Realty Inc : 815-954-1346
Listing Agent:
Dustin Kooy : 815-954-1346
MLS ID:
12595175
  • A/C: Central AirWall Sleeve
  • Originating MLS: mred
  • County: Cook
  • Zoning: COMMR29313130190000
  • Utilities: Circuit Breakers
  • Source: mred

This listing courtesy of Dustin Kooy , Village Realty Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Homewood-Flossmoor High School

999 Kedzie Ave, Flossmoor, IL, 60422

Grades 9-12

1.65 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.