18114 Martin AVE, Homewood, IL 60430 – 12058359 - Sara Macak

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Sara Macak

saramacak1@gmail.com +1(630) 207-6658

$3,500,000

Est. payment - /mo

28,275 SqFt

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UPDATED:

08/17/2024 08:28 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 28,275 sqft

Price per Sqft $123

MLS Listing ID 12058359

Year Built 1982

Annual Tax Amount $89,727

Tax Year 2023

Lot Dimensions 150 X 200

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.

Location

State IL

County Cook

Area Homewood

Zoning COMMR

Interior

Cooling Central Individual

Flooring Varies

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site

Roof Type Reflective Coating

Building

Dwelling Type Mixed Use

Level or Stories 3

Structure Type Brick

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Listed by Judith Panozzo • Real People Realty

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Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658