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Financial
Distress signals
Property profile

18240 Harwood Ave Homewood, IL 60430

FOR SALE
Other industrial properties
Property ID
US28-2766167
0.52 ac lot Built 1947
Last sale Feb 2024 · $260,000
Trust Owned Owner of record is a trust. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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18240 Harwood Ave, Homewood, IL 60430 For Sale
$699,900
18240 Harwood Ave, Homewood, IL 60430
View Listing

Property summary

AI-generated overview

A masonry bi-level commercial building in Homewood, Illinois at 18240 Harwood Avenue, fronting Harwood Avenue near the intersection of 183rd and Harwood. The building was historically used as a warehouse with office space, with the main level partially above grade and a basement level partially below grade. Ceiling heights are approximately 25 feet in the barrel truss section and about 16 feet in the flat sections. Existing interior improvements include approximately 3,000 square feet of office…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$48k
Tax billed · 2022
Assessed value$90k
Assessed land$20k
Assessed improvement$71k
Effective rate53.65%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k
NOI build-up
Gross scheduled income$107k
Vacancy & credit loss−$5k
Operating expenses−$31k
NOI · 10.20% cap applied$71k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
County average, outlier-cleaned · 1153 recorded sales of this use type
Observed band · Q1–Q3$33 – $146

Cap rate analysis

How does the asset earn?
10.20%
$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop17.9
Wholesale Shop17.0
Restaurant15.7

Location

18240 Harwood Ave Homewood, IL 60430
County assessor Recorded deeds · 12 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17811 Bretz, Homewood, IL 60430-1954 $270,000 Aug 2024 No data
17200 Palmer Blvd, Homewood, IL 60430-4601 $3,350,000 Apr 2024 No data
17837 Bretz, Homewood, IL 60430-1954 $95,000 May 2023 No data
17803 Bretz, Homewood, IL 60430-1954 $165,000 Dec 2022 No data
18250 Harwood, Homewood, IL 60430-2104 $236,000 Oct 2022 No data
17475 Palmer, Homewood, IL 60430-4620 $761,500 Jan 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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