Listing provided courtesy of Village Realty IncMREDas Distributed by MLSGrid- MLS# 12595175MLS Provider

18154 Martin AvenueHomewood, IL 60430

Commercial
$999,999 Active

18154 Martin Avenue Overview

Time on Site:
97 days
Visits:
0

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!

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18154 Martin Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 12000
  • Gross Scheduled Income: 144000
  • Insurance Expense: 4795
  • Operating Expense: 9600
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1968

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $22,932.00
  • Tax Year: 2024

General Information

  • Parcel Number: 29313130190000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air, Wall Sleeve
  • Electric: Circuit Breakers
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 7850
  • Lot Size Square Feet: 7850

General Information

  • Number Of Units Total: 8

18154 Martin 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.

18154 Martin Avenue Monthly Cost

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* 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.

18154 Martin 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

18154 Martin Avenue History

Date Event Value Agent
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Price Reduction
$999,999 -7.0%
6/8/2026Source: MRED Status Change
Price Change
5/18/2026Source: MRED Status Change
Active
5/13/2026Source: MRED Price Reduction
$1,075,000 -2.3%
5/13/2026Source: MRED Status Change
Price Change
4/16/2026Source: MRED Status Change
Active
4/11/2026Source: MRED Price Reduction
$1,100,000 -2.5%
4/11/2026Source: MRED Status Change
Price Change
3/29/2026Source: MRED Status Change
Active
3/24/2026Source: MRED Added to Database
March 24, 2026
3/7/2026Source: MRED Status Change
Active
3/2/2026Source: MRED Added to Database
March 02, 2026