18154 Martin Avenue Homewood, IL 60430

$1,128,000

Active / MLS# 12595175 / Commercial - Business / Homewood

0 Beds

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!

Property Details

Property Type: Commercial - Business

Cooling: Central Air, Wall Sleeve

Lot Size: 0.18 Acres

Stories: 2.0

Taxes: $22,932

Year Built: 1968

Feature Descriptions

Electric: Circuit Breakers

Fire Protection: None

HVAC: Electric

Lot Dimensions: 7850

Parcel#: 29313130190000

Tenant Pays: Electricity

Units: 8

Location

See details and scored characteristics about this location.

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