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    18229 Hart Dr Homewood, IL 60430

    Sponsored
    For Sale
    Pending
    $535,000

    Residential Income - Homewood, IL

    Lot size:
    0.23 Acres
    Days on Market:
    118
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 18229 Hart Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    29324070110000
    Parking
    4
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1967
    Architectural style
    Other

    Infiniti Properties Inc (708) 206-3000 [email protected]

    Listing agent Yvette Phipps (708) 206-3000 License #475133509

    Listing date Sep 10, 2025

    MLS# 12461739 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Homewood Brick 4-Unit Building

    This brick four-unit building in Homewood, Illinois, presents an investment opportunity. The property features three two-bedroom units and one one-bedroom unit. A coin-operated washer and dryer provide additional income. Tenants are responsible for their electric and gas expenses. The owner's gas bill remains low throughout the year. Rents are currently below market value, suggesting potential for increased income. The property is situated close to shopping, transportation, and Homewood schools. The lot size is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homewood
    County
    Cook
    State
    Illinois
    Longitude
    -87.6407994
    Latitude
    41.558736

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    FAQs

    What type of property is this?
    Quadplex - Four-unit residential income property in Homewood, Illinois, near amenities.
    Where is this quadplex located?
    The property is located at 18229 Hart Dr Homewood, IL.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: - Fully rented 4-unit brick building, providing immediate rental income.; - Below-market rents offer significant potential for increased revenue.; - Tenants pay for their own electric and gas, minimizing owner expenses.
    (708) 206-3000
    Request Owner's contact information
    18229 Hart Dr Homewood, IL 60430
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    Homewood, IL 60430
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18229 Hart Dr Homewood, IL 60430
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