Sold
Last Sold Price
2049 Ridge Rd,Ā Homewood, ILĀ 60430
Mixed UseProperty Type
0.15 acresLot Size
1907Year Built
12 carsParking Spaces

Description

Great Investment Opportunity! Own an updated building in Downtown Homewood. Located steps away from the Metra Train Station in the center of the business district. This building has two store fronts that are 1800 sq ft a piece and five rental apartments on the second level with In Unit Laundry. Full unfinished basement and plenty of parking. New Roof. Both store fronts have tenants one who is Month to Month and the other has a lease through 12/31/18. Currently one tenant in the apartments on Month...Great Investment Opportunity! Own an updated building in Downtown Homewood. Located steps away from the Metra Train Station in the center of the business district. This building has two store fronts that are 1800 sq ft a piece and five rental apartments on the second level with In Unit Laundry. Full unfinished basement and plenty of parking. New Roof. Both store fronts have tenants one who is Month to Month and the other has a lease through 12/31/18. Currently one tenant in the apartments on Month to Month Lease.
Listing closed: 12/23/2016 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09190601

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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
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Location

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Property Information for 2049 Ridge Road

Property Details
  • Taxes: $19,288 / year
  • MLS Type: Commercial Sale
  • County: Cook County
  • Area: Homewood
  • Township: THORNTON
  • Air Conditioning Type: Central Air
  • Zoning: OTHER
Building Information
  • Stories: 2
  • Residences: 7
  • Year Built: 1907
  • Lot Size: 0.15 AC / 6,741 SF
General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: South Suburban
  • Information: 24-Hr Notice Required,Show-Special Instructions
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 48X151X50X150
  • Lot Size Square Feet: 6741.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 7519
  • # Of Offices: 1
  • # Of Stores: 2
Property and Assessments
  • Possible Use: Commercial
  • Photos Count: 4
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: Image360
  • Virtual Tour YN: Yes
  • Virtual Tour Date: 04-12-2016
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $2,500.00
  • Fuel Expense: $3,000.00
  • Gross Income: $7,600.00
  • Gross Scheduled Income: $91,200.00
  • Insurance Expense: $4,000.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2015
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Net Operating Income Year: 2015
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 7600
  • Water Expense Source: Broker Projection
  • Net Operating Income: $51,200.00
  • Operating Expense: $40,000.00
  • Other Expense: $2,000.00
  • Trash Expense: $1,500.00
  • Water Sewer Expense: $1,500.00

Property History for 2049 Ridge Road

DateEvent & SourcePriceAppreciation
Dec 23, 2016

Sold

MRED #09190601

$291,000—
Oct 12, 2016

Pending

MRED #09190601

—
Apr 10, 2016

Listed (Active)

MRED #09190601

$429,000—
DateEvent & SourcePrice
12/23/2016

Sold

MRED #09190601

$291,000
10/12/2016

Pending

MRED #09190601

—
04/10/2016

Listed (Active)

MRED #09190601

$429,000

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

Public Records for 2049 Ridge Road

Taxable ValueLand$2,527Additions$48,519Total$51,046
Tax Record2018$24,807 ($2,067 / month)
Home Facts
Baths5Total Finished SqFt7,359 SqFtAbove Grade Finished SqFt7,359 SqFtStories2Lot Size6,741 SqFtStyleMulti-Family Res (5+ Units)Year Built1907CountyCOOKAPN29313100190000

Schools near 2049 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: 2049 Ridge Road, Homewood, IL 60430
$291,000
–
–
–
6,741
$600,000
–
7,359
6,741
$146,000
–
–
3,417
–
–
–
–
45,004
–
$800,000
–
7,614
8,749
–
–
–
–
–

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 Coldwell Banker The Real Estate Group

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 04:46 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.