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    Property profile & analytics
    OFF-MARKET Estimated value $885,000
    Office Spaces

    18114 Martin Ave 1A, Homewood, IL 60430-2132

    0.69 ac lot Built 1980
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-2100568
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Year built 1980
    Lot 0.69 ac (30,000 SF)
    APN 29-31-313-031-1001
    UPID US28-2100568
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.01M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $885k
    Owner & transaction history
    Yan & Arp LLC · 1 yrs held
    Yan & Arp LLC
    since 2025
    Last sale
    $800,000
    2 recorded transactions
    2025
    $800,000
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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