18114 Martin Ave 1A, Homewood, IL 60430-2132
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.