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Listed by Dustin Kooyof Village Realty Inc
$ 1,100,000
Est. payment | /mo
$ 1,100,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12595175
Year Built 1968
Annual Tax Amount $22,932
Tax Year 2024
Lot Dimensions 7850
Property Sub-Type Mixed Use
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!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air, Wall Sleeve
Fireplace N
Exterior
View Y/N true
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