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18114 Martin Ave Homewood, IL 60430

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For Sale
$3,500,000

High-yield Homewood condo complex, 26 units, great location.

Property size:
28,275 SF

Property Features for 18114 Martin Ave

General Information

Property type
Residential income properties
Square Feet
28,275 SF

Building Details

Year Built
1982

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Listing Contact
Judith Panozzo

Listing Agency: Real People Realty Listing Agent: Judith Panozzo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 28,275 square foot mixed-use brick building in Homewood, IL, ideally situated within the city's Transit-Oriented Development Plan. The property boasts 16 residential units (15 currently rented, 1 preparing for occupancy) and 10 commercial units (all currently rented). Each residential unit features a separate furnace and central air conditioning system. Similarly, each of the 10 commercial units (approximately 1050 sq ft each) has its own furnace and central air conditioning. The building comprises three floors, each approximately 9,425 square feet, plus a full basement. Basement amenities include a laundry room (two washers, three dryers), a half-bath, ample storage for both residential and commercial tenants, a community room, and additional building storage. The property includes a private parking lot accommodating 45+ vehicles, including two handicap-accessible spaces. The building was originally constructed as condominiums with 24 separate PINs, but is being sold as a single entity
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Homewood
County
Cook
State
Illinois
Longitude
-87.66725
Latitude
41.56057

FAQs

What type of property is this?
Residential income property - High-yield Homewood condo complex, 26 units, great location.
Where is this residential income property located?
The property is located at 18114 Martin Ave Homewood, IL.
What is the asking price?
The asking price for this property is $3,500,000.
More about this property
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