Properties

Features
: Central Individual
: Varies
: Electric to Site , Gas to Site , Water to Site , Sanitary Sewer , Water-Municipal
Address Map
US
IL
Cook
Homewood
60430
Martin
18114
Avenue
E0° 0' 0''
N0° 0' 0''
Dixie to Kroner, West to Martin. Parking lot in the rear of the building. Martin is a one-way going South. Ridge Rd to Martin, South to Building. Harwood Ave to Hickory or Kroner, East to the parking lot. Property on the Southwest corner of Martin & Kroner or the Northwest corner of Martin and Hickory.
Homewood
COMMR
Additional Information
28275
: Brick
: Commercial
Separate Meters
: Concrete Perimeter
150 X 200
26
Commercial
3
Real People Realty
Judith Panozzo
Financial
89727
Listing Information
702991
79910
Contingent
2024-08-17T08:28:07Z
MRED
2024-07-22T13:47:48Z
Property 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.

Commercial Sale For Sale

18114 Martin Avenue, Homewood, Illinois 60430

$3,500,000
Listing ID#12058359
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12058359
Price : $3,500,000
Year Built : 1982
Listing Status : Active Under Contract
Property Sub Type : Condominium,Apts/Ofc
Roof : Reflective Coating
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