Description
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.
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Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. 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. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 7th June, 2023 2:26 PM (UTC)
sources and has not been, and will not be, verified by broker or MRED. 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. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 7th June, 2023 2:26 PM (UTC)
Listing Office: BHHS Chicago
Attribution contact: 312-944-8900