Sold
Closed
1956 Ridge Road
Homewood IL, 60430
$950,000
$100.00 per sqft
Sold
Closed
9,500 sqft
Other
Built in 1919
Courtesy of BHHS Chicago
Great Investment opportunity in the heart of downtown Homewood. Value add opportunity with 8% CAP Rate on existing income. Long time owner put approx. $115K in capital improvements over the last 5 years. All roofs replaced within last 7 years and come with 15 year warranties. Most HVAC units have been replaced. Tuckpointing and facade repairs totaling $14K completed over the last couple ofyears. Located at the main intersection of Ridge Road and Dixie Highway. Approx. 9000 SF consisting of 5 Retail units and 2 Apartments, and all fully rented and cash flowing. Annual gross income exeeding $128,000. Commercial tenants include travel agent, gourmet popcorn shop, long-time shoe repar, personal trainer and boutiqe shop/refillery. Highly desireable building in excellent location approx. 2 blocks from new metra station. New development all around include Wind Creek Casino, The Hartford, with 36 new residential units and restaurant and Homewood Brewing Company.
11757100
MLSⓇ ID
April 12, 2023
Listed
November 25, 2024
Updated
Map
1956 Ridge Road
Homewood IL, 60430
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.24 Acres
Roof
Membrane
Other Property Details
Area Name
Homewood
Taxes
$24,395
Tax Frequency
Annually
Days on Market
81
Garage
No
View
No
County
Cook
Pool
No
Zoning
RTAIL
Courtesy of BHHS Chicago, Denise Raines,
Listing Contact: 312-953-5780
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than DeMarcus Hunter are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 11/25/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 3:08 PM UTC, 11/25/2024
