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Mixed-Use Office Building with Apartment
New
For Sale
$475,000

18220 Harwood Ave, Homewood, IL 60430

Multi-tenant office property includes a second-story two-bedroom apartment and business tenants.

Property Size10,800 SF
Price / SF$43.98
Days on Market7

Property Features for 18220 Harwood Ave

General Information

Standard status Active
Size 10,800 SF

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Year Built 1975
Buildings 1
Tenancy Multi
Listing Agency: Matrix Realty Group LLC
Listed By: Anthony Baumer · License #475165136
Source: Realtopiare
Added: Aug 22 Changed: Aug 28 Last Checked: Aug 28 at 12:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matrix Realty Group LLC

Investment Insights

Based on property information with market context.

This 10,800-square-foot mixed-use property is configured primarily as a single-level office building occupied by multiple business tenants. A second-floor residential component adds one two-bedroom, one-bathroom apartment tenant, creating a combination of office and residential use within the same asset. The building was constructed in 1975 and is described as clean and well maintained.

The property is situated in Downtown Homewood at 18220 Harwood Ave. It is near the New Metra Train Station, Starbucks, Aurelio's Pizza, and Stoney Point Grill, with additional proximity to major highways and the Wind Creek Chicago Southland Casino.

Key Highlights

  • 10,800 SF mixed‑use office building
  • Multiple business tenants occupy the single‑level office component
  • Second‑story 2‑bedroom, 1‑bathroom apartment tenant

Property Analytics

Current Use

Christopher J. Seidel, ... Dental Office Panio Law Offices Law Firm The Spearman Firm, LLC Law Firm South Suburban Housing ... Charitable Organization Midwestern CFC Charitable Organization

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Real Estate Agency Restaurant Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,179
Businesses Nearby

Demographics for 60430, IL

20,146
Population
7,662
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
6.9 sq mi
ZIP Area
2,920
Density / Sq Mi
$91,402
Median Household Income
$48,509
Median Earnings
$1,419
Median Rent
$209,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-tenant office property includes a second-story two-bedroom apartment and business tenants.
Where is this mixed-use property located?
The property is located at 18220 Harwood Ave Homewood, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 10,800 SF mixed‑use office building; Multiple business tenants occupy the single‑level office component; Second‑story 2‑bedroom, 1‑bathroom apartment tenant
More about this property
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