18660 Dixie Hwy

Homewood, IL 60430

$1,690,000
Price
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Baths
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— / Sq. Ft.
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a view of a house with backyard and parking
a front view of a house with a garden
a view of a livingroom with furniture and an empty room
a view of a hallway with wooden floor
a view of a room with window and wooden floor
a view of an empty room with wooden floor and a window
a view of a hallway with wooden floor and a bathroom
a bathroom with a toilet sink and mirror
a very nice looking room with a large window
a view of a livingroom with a chandelier fan
a bathroom with a toilet sink and mirror
a view of a hallway with wooden floor
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a view of a room with window
a bathroom with a sink toilet and mirror
a view of a kitchen with kitchen island a refrigerator and a wooden floor
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a bathroom with a toilet sink and mirror
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a large room with furniture
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a view of a bathroom with a glass door shower
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a view of a car park in front of a house
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a view of parking garage with cars and other equipment
a living room with furniture and a flat screen tv
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a view of a house with backyard and garden
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Description

Rare opportunity to own a well-established strip mall in the heart of Homewood, conveniently located just steps from the Metra train station and approximately 35 minutes from downtown Chicago. This multi-unit commercial property features 11 business suites with a strong mix of long-standing tenants, including an auto repair shop (25+ years), former bakery (50+ years, closed during COVID but still equipped), photo salon, dry cleaner (equipment included), insurance agency, and more. The property also...Rare opportunity to own a well-established strip mall in the heart of Homewood, conveniently located just steps from the Metra train station and approximately 35 minutes from downtown Chicago. This multi-unit commercial property features 11 business suites with a strong mix of long-standing tenants, including an auto repair shop (25+ years), former bakery (50+ years, closed during COVID but still equipped), photo salon, dry cleaner (equipment included), insurance agency, and more. The property also offers 3 vacant units, ideal for an owner-user or additional rental income. 2024 gross income of $150,000, with upside potential to $200,000-$250,000 as rents are brought to market. All-new roof installed in 2025, providing added value and reduced future expenses. Additional highlights include over 50 parking spaces and a single-family home converted to office use, which can be reverted back to residential if desired. Zoned commercial with multiple use possibilities. Family-owned for 70 years, this property presents a solid investment with stable cash flow and strong upside potential.
  1. Listed by Olga Kaminska • Core Realty & Investments Inc.
    P: (312)-477-6806 C: (312)-477-6806 olga@olgasellschicago.com; olga@olgasellschicago.com

Property Details for 18660 Dixie Highway

Area
Homewood
Township
Bloom
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 01/23/2026 09:06 AM

Property Details for 18660 Dixie Highway

StatusActive
MLS #12374939
Days on Market299
Taxes$61,890 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1959
Lot Size0.57 AC / 24,634 SF
CountyCook County
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Location

Listing Courtesy of Core Realty & Investments Inc.
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Building Information for 18660 Dixie Highway

Stories1Residences11Year Built1959Lot Size0.57 AC / 24,634 SF

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$13,359 per month

30 year fixed, 6.11% Interest

Principal and Interest

$8,202

Property Taxes

$5,158

HOA Dues

$0

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Property Information for 18660 Dixie Highway

General Information
Addtl Parking Information
  • Outdoor Parking: 31-50 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: South Suburban
  • Information: Standard
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 255X255
  • Lot Size Square Feet: 24634.0
  • Stories: 1
  • Construction: Brick, Concrete, Block
  • Fire Protection: Alarm Monitored
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10289
  • # Of Offices: 1
  • # Of Stores: 0
Property and Assessments
  • Possible Use: Commercial, Office, Retail, Special Use, Other
  • Public Document Count: 2
  • Document Date: 2025-09-15T16:14:08
  • Photos Count: 53
Miscellaneous
  • Current Use: Commercial, Automotive
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $10.00
  • Fuel Expense: $10.00
  • Gross Income: $155,100.00
  • Gross Scheduled Income: $155,100.00
  • Insurance Expense: $5,500.00
  • Total Monthly Income: 12925
  • Net Operating Income: $93,209.00
  • Other Expense: $10.00
  • Trash Expense: $950.00
  • Water Sewer Expense: $10.00

Property History for 18660 Dixie Highway

DateEvent & SourcePriceAppreciation
Dec 30, 2025

Price Change

MRED #12374939

$1,690,000—
May 25, 2025

Listed (Active)

MRED #12374939

$1,750,000—
DateEvent & SourcePrice
12/30/2025

Price Change

MRED #12374939

$1,690,000
05/25/2025

Listed (Active)

MRED #12374939

$1,750,000

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

Schools near 18660 Dixie Highway

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 18660 Dixie Highway, Homewood, IL 60430

18660 Dixie Highway is a mixed use property for sale in Homewood, IL 60430. This property was listed for sale on May 25, 2025 by Core Realty & Investments Inc., it's currently listed at $1,690,000. 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. 18660 Dixie Highway is a 0-bed, 0-bath, mixed use property built in 1959.

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 Core Realty & Investments 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 01/23/2026 09:06 AM. 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.