18114 Martin Ave Homewood, IL 60430
- Office Properties & Spaces
- 0.69 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 18114 Martin Ave
- Year built
- 1980
- Lot size
- 0.69 lot acres
- Property type
- Office Properties & Spaces
- APN
- 29-31-313-031-1001
- APU
- 29313130311001
Description
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
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $930,000
- ML approach
- $1,005,000
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Location Insight
- Map
- Local Demand
- City
- Homewood
- County
- Cook
- State
- Illinois
- Longitude
- -87.6674
- Latitude
- 41.5606
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
