Mixed-Use Building with Office
18154 Martin Avenue Homewood, IL 60430
18154 Martin Avenue, Homewood, IL, 60430
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For Sale
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Eight-unit all-electric building with four ground-floor office and residential suites and four upper 2-bedroom apartments.
Days on Market121
Property Features for 18154 Martin Avenue
General Information
- Standard status
- Active
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1968
Listing agency
Keller Williams Preferred Realty
(815) 954-1346
Listed by
Dustin Kooy · License #IL
Source
Crexi
Added: Mar 23 Updated: Jul 20 at 11:48PM Checked: Jul 20 at 11:48PM
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Investment Insights
Based on property information with market context.
This well-maintained, all-electric mixed-use building offers eight total units, including four ground-floor suites and four upper-level apartments. The ground floor comprises two professional office suites and two residential units, with most units recently updated. The upper level features four 2-bedroom, 1.5-bath apartments.
Located in downtown Homewood, the property is described as just steps from the Metra station and close to nearby shops, restaurants, and village amenities. The offering notes stabilized gross rents of $12,000 per month once fully leased, with proven rents for the offices at $1,400 per month each and apartment rents ranging from $1,368 to $1,795 per month. The owner pays water, garbage, sewer, snow removal, and lot cleaning, while tenants pay their own electric; annual expenses are reported at $35,737, including utilities, insurance, and taxes. A one-year EmpowerLinked local marketing service is also included for added exposure of the property’s listings.
Located in downtown Homewood, the property is described as just steps from the Metra station and close to nearby shops, restaurants, and village amenities. The offering notes stabilized gross rents of $12,000 per month once fully leased, with proven rents for the offices at $1,400 per month each and apartment rents ranging from $1,368 to $1,795 per month. The owner pays water, garbage, sewer, snow removal, and lot cleaning, while tenants pay their own electric; annual expenses are reported at $35,737, including utilities, insurance, and taxes. A one-year EmpowerLinked local marketing service is also included for added exposure of the property’s listings.
Key Highlights
- 8‑unit all‑electric mixed‑use building (Year Built 1968) with four ground‑floor suites and four upper 2‑bedroom apartments
- Ground floor: four 900 SF suites—two professional offices and two residential units; most units have been recently updated
- Upper units: four 900 SF apartments, each with 2 bedrooms and 1.5 baths
Property Analytics
Location Intelligence
Current Use by Public Records
Myers Fay L
Foster Care Service
Hogan Judith A
Physician
Tactful Disruption®
Psychotherapist
Report Source
Loan Service
American Design Team
Consultant
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FAQs
What type of property is this?
Mixed-use property - Eight-unit all-electric building with four ground-floor office and residential suites and four upper 2-bedroom apartments.
Where is this mixed-use property located?
The property is located at 18154 Martin Avenue Homewood, IL.
What is the asking price?
The asking price for this property is $1,128,000.
What are key features of this property?
This property features: 8‑unit all‑electric mixed‑use building (Year Built 1968) with four ground‑floor suites and four upper 2‑bedroom apartments; Ground floor: four 900 SF suites—two professional offices and two residential units; most units have been recently updated; Upper units: four 900 SF apartments, each with 2 bedrooms and 1.5 baths
