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Listing provided courtesy of Matrix Realty Group LLCMREDas Distributed by MLSGrid- MLS# 12501081MLS Provider

18220 Harwood AvenueHomewood, IL 60430

Commercial · 10,800 Sq. ft.
$475,000 Active

18220 Harwood Avenue Overview

Time on Site:
251 days
Visits:
5

Single Level 10,800 SF Multiple Tenant Mixed Use Office Building with business tenants and 1 Second Story Residential 2 Bedroom, 1 Bathroom Apartment Tenant. Great Investment opportunity for owner-users/investors. Very well kept clean office building conveniently located in Downtown Homewood close proximity to the New Metra TrainStation, Starbucks, Aurelio's Pizza, Stoney Point Grill and everything else Downtown Homewood has to offer. Close proximity to all major highways and the New Wind Creek Chicago Southland Casino.

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18220 Harwood Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 10,800
  • Price/Sq.ft. $44

Details

General

Income/Expenses

  • Other Expense: 17182
  • Electric Expense: 8146
  • Existing Lease Type: Gross
  • Fuel Expense: 3589
  • Gross Income: 127618
  • Gross Scheduled Income: 127618
  • Insurance Expense: 6419
  • Net Operating Income: 27729
  • Operating Expense: 40336
  • Trash Expense: 4294
  • Water Sewer Expense: 5497

Building Information

  • Year Built: 1975

Business Information

  • Current Use: Office

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Homewood
  • Township: Thornton

Tax Information

  • Tax Annual Amount: $60,389.55
  • Tax Year: 2023

General Information

  • Parcel Number: 29313120290000
  • Property Type: Commercial Sale
  • Zoning: OFFIC

Interior

Building Interior

  • Building Area Total: 10800

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 225x105
  • Lot Size Square Feet: 22443
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Block, Stucco
  • Roof: Tar/Gravel

General Information

  • Number Of Units Total: 10
  • Utilities: Electric to Site,Natural Gas Available

18220 Harwood Avenue Neighborhood

Community

60430 (HOMEWOOD) Demographics

40
Median Age
2,878
Population Density (per sq. mile)
53%
College Educated
$80,056
Estimated Median Income
5,843
Estimated Total Home Owners
1,567
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

18220 Harwood Avenue Monthly Cost

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$ %
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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

18220 Harwood Avenue Market Data

Based on the last 30 days in this zip code

$241,933
Average List Price
$170
Average Price per Square Foot
28
Properties Sold
71
Average Days on Market
109
Properties for Sale
Calculations provided by Reliance Network

18220 Harwood Avenue History

Date Event Value Agent
10/26/2025Source: MRED Status Change
Active
10/21/2025Source: MRED Added to Database
October 21, 2025