18114 Martin Avenue , Homewood, IL 60430
Homewood, IL 60430
Description
Opportunity is knocking. Original owners are parting with this fabulous brick, mixed-use building with 16 residential rentals (15 rented, 1 being readied) and 10 commercial rentals (10 rented). The property sits in the middle of Homewood's new Transit-Oriented Development Plan. Superb location with all conveniences right in the neighborhood: New Metra Station, restaurants, shopping, banking, post office, etc. A New Casino is being built in Homewood, Wind Creek Chicago Southland. The building has 25 gas and water meters with 26 electric meters. Each residential unit has separate furnaces and central a/c units. The commercial units have separate furnaces and central air units for each 1050 asq of office space. The building was built as condos with separate PINs (24) and none were ever sold. There is no separate pin for the parking lot. No HOA was ever established and no credit will be given. Selling all as one entity. Original owners have kept the rents very low for long-term tenants. If rents were at market value, gross rental income would be over $440k. Tenants pay all utilities: gas, electricity, and water. This includes the heat and air conditioning. The property has a private parking lot for 45+ cars with 2 being handicap spaces. Each floor has approximately 9,425 sq ft plus a full basement. The basement has a laundry room (2 washers, 3 dryers), half bath, storage for commercial and residential spaces, community room, several building storage rooms, and commercial space included with street level unit. See spec sheet and Homewood's TOD map under additional information. The property has multiple addresses ranging from 18106 - 18124. Do not disturb the tenants. Do not enter the commercial spaces.
Details
| MLS# | 12058359 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1982 |
| Days On Site | 249 |
| Listing Provided By | Real People Realty | Judith Panozzo |
Features
| SQ Feet | 28,275 |
|---|---|
| Story(s) | 3 |
| Units | 26 |
| Zoning | COMMR |
Market Activity 60430
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Homewood |
| Zip Code | 60430 |
| Area | Homewood |
| Listing VS Median (in 60430) | |
Price: $3,500,000 low | high Med: $243,500 SqFt: 28,275 low | high Med: 1,143 $ / SqFt: $124 low | high Med: $213 On Site: 249 low | high Med: 61.000000 | |