18220 Harwood Ave Homewood, IL 60430
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.
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Christopher J. Seidel, DDS Dental Office
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Panio Law Offices Law Firm
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The Spearman Firm, LLC Law Firm
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South Suburban Housing Center Charitable Organization Social Service Agency
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Midwestern CFC Charitable Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.