Sold
Last Sold Price
2022 Ridge Rd,Ā Homewood, ILĀ 60430
Mixed UseProperty Type
0.17 acresLot Size
1900Year Built
7 carsParking Spaces

Description

Investment opportunity! Prime location on corner in downtown Homewood; walking distance to train station & shopping. Mixed use building includes 3 retail storefront spaces (1 of the tenants occupies 2 spaces), 1 office (separate bldg on side rear) & 2 apartments ((1) 6 rm apt w/in unit laundry & (1) 3 rm apt.) All spaces are currently leased on a month to month basis to long term tenants (rental income does not reflect current market value). Full bsmt & parking lot in rear with 7-8 parking spaces....Investment opportunity! Prime location on corner in downtown Homewood; walking distance to train station & shopping. Mixed use building includes 3 retail storefront spaces (1 of the tenants occupies 2 spaces), 1 office (separate bldg on side rear) & 2 apartments ((1) 6 rm apt w/in unit laundry & (1) 3 rm apt.) All spaces are currently leased on a month to month basis to long term tenants (rental income does not reflect current market value). Full bsmt & parking lot in rear with 7-8 parking spaces. New windows in apts. All new/newer furnaces & A/C in entire bldg. Flat roof replaced 2 yrs ago.
Listing closed: 01/25/2018 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09779646

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Recent comparable sales

Median sold price

$200,000

Avg days on market

575

Sale-to-list ratio

61.0%

Homewood, IL

9 comparable properties found

a front view of a building with street view
1/13
1

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Bathrooms
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$80,000 | 19127 Crawford Avenue, Homewood, IL 60422
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Location

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Property Information for 2022 Ridge Road

Property Details
  • Taxes: $18,692 / year
  • MLS Type: Commercial Sale
  • County: Cook County
  • Area: Homewood
  • Township: THORNTON
  • Air Conditioning Type: Central Air
  • Zoning: RTAIL
Building Information
  • Stories: 2
  • Residences: 6
  • Year Built: 1900
  • Lot Size: 0.17 AC / 7,500 SF
General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces,Private Lot
Location and General Information
  • Geographic Locale: South Suburban
  • Information: 24-Hr Notice Required,Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Forced Air,Gas
  • Misc Inside: Multi-Tenant,Private Restroom/s,Storage Inside,Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
  • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50X150
  • Lot Size Square Feet: 7500.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding, EIFS (e.g. Dryvit)
  • Roof Type: Composition, Membrane
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • # Of Offices: 1
  • # Of Stores: 3
Property and Assessments
  • Buyer Financing: Conventional
  • Documents Available: Historical,Existing Survey,Tax Bill
  • Photos Count: 7
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $4,020.00
  • Gross Scheduled Income: $48,240.00
  • Insurance Expense: $1,909.00
  • Electric Expense Source: Actual
  • Expense Year: 2016
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Net Operating Income Year: 2016
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 4020
  • Water Expense Source: Actual
  • Net Operating Income: $24,634.00
  • Operating Expense: $23,606.00
  • Other Expense: $.00
  • Trash Expense: $883.00
  • Water Sewer Expense: $2,122.00

Property History for 2022 Ridge Road

DateEvent & SourcePriceAppreciation
Jan 25, 2018

Sold

MRED #09779646

$245,000—
Jan 19, 2018

Sold (Public Record)

Public Record #615155737

$245,000—
Dec 29, 2017

Pending

MRED #09779646

—
DateEvent & SourcePrice
01/25/2018

Sold

MRED #09779646

$245,000
01/19/2018

Sold (Public Record)

Public Record #615155737

$245,000
12/29/2017

Pending

MRED #09779646

—

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

Public Records for 2022 Ridge Road

Taxable ValueLand$3,499Additions$29,922Total$33,421
Tax Record2024$15,389 ($1,282 / month)
Home Facts
Baths4Total Finished SqFt6,138 SqFtAbove Grade Finished SqFt6,138 SqFtStories2Lot Size7,500 SqFtStyleMiscellaneous CommercialYear Built1930Year Renovated1975CountyCOOKAPN29-31-308-003-0000

Schools near 2022 Ridge Road

This home is within Homewood Flossmoor Chsd 233 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2022 Ridge Road, Homewood, IL 60430
$245,000
–
–
–
7,500
–
–
–
–
–
$605,000
–
5
7,155
–
–
4
3.5
3,034
8,189
$425,000
–
–
5,300
–
–
–
6,668
4,624

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Orland Park Realtors

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORSĀ® 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 REALTORSĀ® 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 05/05/2021 04:50 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.