For Sale
$3,500,000

18114 Martin Ave Homewood, IL 60430

High-yield Homewood condo complex, 26 units, great location.

Overview

Added:
Feb 3
Days on market:
73
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 Details for 18114 Martin Ave

Property type
Apartment buildings
Square Feet
28,275 SF
Year Built
1982

Location Insight

City
Homewood
County
Cook
State
Illinois
Latitude
41.56057
Longitude
-87.66725
18114 Martin Ave, Homewood, Illinois

FAQs

What type of property is this?
Apartment building - High-yield Homewood condo complex, 26 units, great location.
Where is the apartment building located?
The property is located at 18114 Martin Ave Homewood, IL.
What is the asking price?
The asking price for this property is $3,500,000.
How can I contact the broker?
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18114 Martin Ave
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