MLS#12595175
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Prime Mixed-Use Investment Opportunity in Downtown Homewood - 8-Unit Building. This well-maintained, all-electric mixed-use building is located in the heart of downtown Homewood, just steps from the Metra station, shops, restaurants, and village amenities. It features four ground-floor suites (900 sq ft each)-two professional offices and two residential units-plus four upper-level 2-bedroom/1.5-bath apartments (900 sq ft each). Most units have been recently updated. Stabilized gross rents project at $12,000 per month ($144,000 annually) once fully leased, with proven rents: offices at $1,400/mo each and apartments ranging $1,368-$1,795/mo. Owner pays water, garbage, sewer, snow removal, and lot cleaning; tenants pay their own electric. Annual expenses total $35,737 (utilities $9,600, insurance $4,795, taxes $21,342). The property includes local marketing services via EmpowerLinked a unique and growing marketing agency at no cost for one year. EmpowerLinked promotes your listing(s) for lease at other EmpowerLinked host locations, on social media and on digital radio. Contact us today to schedule a showing!
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Wall Sleeve
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $22,932
Year Built: 1968
Feature Descriptions
Electric: Circuit Breakers
Fire Protection: None
HVAC: Electric
Lot Dimensions: 7850
Parcel#: 29313130190000
Tenant Pays: Electricity
Units: 8
Listed By / Shown By
Listed By
Agency Name: Village Realty Inc
Agency Phone: 708-478-1212
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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18154 Martin Avenue | MLS# 12595175
This commercial property located at 18154 Martin Avenue, Homewood, IL 60430 is currently listed for sale with an asking price of $1,128,000. Search Homewood real estate on www.bhhscrosby.com today.