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 Details
Price:
$1,075,000
MLS #:
MRD12595175
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
homewood
Listed Date:
Mar 24, 2026
Year Built:
1968
See this Listing
Schools
Interior
Cooling
Central Air, Wall Sleeve
Exterior
Stories
2
Financial
Tax Year
2024
Taxes
$22,932
Map
Community
- Address18154 Martin Avenue Homewood IL
- CityHomewood
- CountyCook
- Zip Code60430
Market Summary
Current real estate data for Commercial in Homewood as of May 16, 2026
5
Commercial Listed
164
Avg DOM
$851,780
Avg List Price
Property Summary
- 18154 Martin Avenue Homewood IL is a Commercial for sale in Homewood, IL, 60430. It is listed for $1,075,000
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Copyright 2026. All rights reserved.
18154 Martin Avenue
Homewood, IL


