Mixed-Use Property with Masonry
18240 Harwood Avenue, Homewood, IL 60430
For Sale
$699,900
Commercial Sale, Homewood, IL
Property Size32,425 SF
Lot Size0.82 Acres
Price / SF$21.59
Days on Market135
Property Features for 18240 Harwood Avenue
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kitchen/lunch area
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Listing Agency:
Infiniti Properties, Inc.
Listed By:
Ghalia Abu Arab · License IL #475145070
(708) 206-3000
Added: Jun 29
Changed: Oct 27
Last Checked: Nov 10 at 5:06PM
MLS# 12691308
Copyright © 2026 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.
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Investment Insights
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This 1948 brick mixed-use property contains 16,585 square feet on the main level and 15,840 square feet in a partially below-grade basement. The main floor includes about 3,000 square feet of office space, four private offices, a lunch area, and four bathrooms. Existing warehouse features include two drive-in doors, a smaller side delivery door, and a loading area. Ceiling heights are approximately 25 feet in the barrel-truss section and 16 feet in the flat sections. Fire alarm and sprinkler systems are installed.
An approved redevelopment plan calls for approximately 17,000 square feet of divisible commercial or retail space downstairs and 15 apartments of 900 to 1,000 square feet upstairs; this build-out remains to be completed. The 0.8193-acre site comprises three lots and includes a paved side parking area for 20 cars. The property is on Harwood Avenue near the intersection of 183rd Street and Harwood Avenue, with local highways and public transportation nearby.
An approved redevelopment plan calls for approximately 17,000 square feet of divisible commercial or retail space downstairs and 15 apartments of 900 to 1,000 square feet upstairs; this build-out remains to be completed. The 0.8193-acre site comprises three lots and includes a paved side parking area for 20 cars. The property is on Harwood Avenue near the intersection of 183rd Street and Harwood Avenue, with local highways and public transportation nearby.
Key Highlights
- Approved plan for approximately 17,000 square feet of divisible ground‑floor commercial or retail space
- Approved plan includes 15 upstairs apartments, 900 to 1,000 square feet each; build‑out is needed
- 16,585‑square‑foot main level and 15,840‑square‑foot basement
Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
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Business Placement
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
$209,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Cook County, IL
Properties on Market for Mixed-use properties in Cook County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level commercial building has an approved concept for ground-floor retail and 15 apartments above, requiring build-out.
Where is this mixed-use property located?
The property is located at 18240 Harwood Avenue Homewood, IL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approved plan for approximately 17,000 square feet of divisible ground‑floor commercial or retail space; Approved plan includes 15 upstairs apartments, 900 to 1,000 square feet each; build‑out is needed; 16,585‑square‑foot main level and 15,840‑square‑foot basement
