18154 Martin Ave

Homewood, IL 60430

$1,075,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

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...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!
  1. Listed by Dustin Kooy • Village Realty Inc
    P: (815)-954-1346 C: (815)-954-1346 dpkooy@gmail.com; dustin@kooyrealestate.com

Property Details for 18154 Martin Avenue

Area
Homewood
Air Conditioning Type
Central Air, Wall Sleeve
Zoning
COMMR
LISTING UPDATED: 05/13/2026 01:04 PM

Property Details for 18154 Martin Avenue

StatusPrice Change
MLS #12595175
Days on Market53
Taxes$22,932 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale
Year Built1968
Lot Size0.18 AC / 7,850 SF
CountyCook County
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Location

Listing Courtesy of Village Realty Inc
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Building Information for 18154 Martin Avenue

Stories2Residences8Year Built1968Lot Size0.18 AC / 7,850 SF

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$7,324 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,413

Property Taxes

$1,911

HOA Dues

$0

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Property Information for 18154 Martin Avenue

General Information
Owner
  • Owner Pays: Snow Removal
Location and General Information
  • Geographic Locale: South Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 6
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 7850
  • Lot Size Square Feet: 7850.0
  • Stories: 2
  • Fire Protection: None
  • # Of Offices: 2
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 74
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $12,000.00
  • Gross Scheduled Income: $144,000.00
  • Insurance Expense: $4,795.00
  • Total Monthly Income: 12000
  • Operating Expense: $9,600.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 18154 Martin Avenue

DateEvent & SourcePriceAppreciation
May 13, 2026

Price Change

MRED #12595175

$1,075,000—
Apr 11, 2026

Price Change

MRED #12595175

$1,100,000—
Mar 24, 2026

Listed (Active)

MRED #12595175

$1,128,000—
DateEvent & SourcePrice
05/13/2026

Price Change

MRED #12595175

$1,075,000
04/11/2026

Price Change

MRED #12595175

$1,100,000
03/24/2026

Listed (Active)

MRED #12595175

$1,128,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18154 Martin Avenue

Taxable ValueLand$3,140Additions$46,663Total$49,803
Tax Record2023$21,342 ($1,778 / month)
Home Facts
Total Finished SqFt7,600 SqFtAbove Grade Finished SqFt7,600 SqFtStories2Lot Size7,850 SqFtStyleStoresYear Built1967CountyCOOKAPN29-31-313-019

Schools near 18154 Martin Avenue

This home is within Homewood Flossmoor Chsd 233 School District.
Rating
School
Type
Grades
Distance
Willow School
Public - PK to 2
Winston Churchill School
Public - 3 to 5
James Hart School
Public - 6 to 8
Homewood-Flossmoor High School
Public - 9 to 12
Rating
School
Distance
Willow School
PublicPK to 2

Winston Churchill School
Public3 to 5

James Hart School
Public6 to 8

Homewood-Flossmoor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 18154 Martin Avenue, Homewood, IL 60430

18154 Martin Avenue is a mixed use property for sale in Homewood, IL 60430. This property was listed for sale on March 24, 2026 by Village Realty Inc, it's currently listed at $1,075,000. It has been on the market for a total of 53 days and was last sold on October 9, 2020. This listing's school districts are Homewood Flossmoor Chsd 233 School District, Homewood School District 153. Nearby schools include Willow School, Winston Churchill School and James Hart School. 18154 Martin Avenue is a 0-bed, 0-bath, mixed use property built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Village Realty Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/13/2026 01:04 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.