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Property profile & analytics
OFF-MARKET
Mixed-use properties

18220 Harwood Ave Homewood, IL 60430

10,800 SF Built 1975
Entity Owned 7-yr Hold
Property ID
US28-5383314
Property summary
AI-generated overview

This exceptional 10,800-square-foot mixed-use building presents a compelling investment opportunity in the heart of vibrant Downtown Homewood, Illinois. The single-level property is currently occupied by multiple business tenants, generating consistent rental income, and includes a separate two-bedroom, one-bathroom residential apartment. This diverse tenant mix provides a stable and attractive return on investment. The building itself is exceptionally well-maintained and clean, reflecting pride of ownership. Its prime location offers unparalleled convenience, with immediate proximity to the Metra train station, providing easy access to Chicago and surrounding areas. Furthermore, the property enjoys a walkable location to a variety of amenities, including popular restaurants like Aurelio's Pizza and coffee shops such as Starbucks, along with all the other businesses and services Downtown Homewood offers. The strategic location also benefits from easy access to major highways, ensuring excellent connectivity for both tenants and owners. This property is ideal for owner-occupiers seeking a blend of income generation and personal workspace, or for investors looking for a strong, diversified income stream in a thriving downtown area. The building's current occupancy and desirable location make this a truly exceptional investment opportunity. The address is 18220 Harwood Avenue, Homewood, IL, and the asking price is $620,000.

Property profile
Verified
Property type Mixed-use properties
Year built 1975
Total area 10,800 SF
UPID US28-5383314
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
Current use
Occupant on record · Public records
  • Christopher J. Seidel, DDS Dental Office
  • Panio Law Offices Law Firm
  • The Spearman Firm, LLC Law Firm
  • South Suburban Housing Center Charitable Organization Social Service Agency
  • Midwestern CFC Charitable Organization
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
18220 Harwood LLC · 7 yrs held
18220 Harwood LLC
since 2019
5 recorded transactions
2019
Price N/A
2019
$505,000
2018
Price N/A
2017
Price N/A
2017
$160,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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