18101 Martin Avenue

Homewood, IL 60430

$460,000
Last Sold Price
9
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Own a part of Homewood history! Great investment opportunity to purchase the historical Gottschalk House in the heart of downtown Homewood! Property was built with brick from the Homewood Brick Company and retains a lot of the original characteristics and charm. The second and third floors have 8 residential units consisting of one 2 bedroom, six 1 bedroom and 1 studio apartment. The first floor was converted to an office, but owners have architectural plans to de-convert it back to residential units...Own a part of Homewood history! Great investment opportunity to purchase the historical Gottschalk House in the heart of downtown Homewood! Property was built with brick from the Homewood Brick Company and retains a lot of the original characteristics and charm. The second and third floors have 8 residential units consisting of one 2 bedroom, six 1 bedroom and 1 studio apartment. The first floor was converted to an office, but owners have architectural plans to de-convert it back to residential units - which we believe is it's highest and best use. Located across the street from Homewood's planned redevelopment of the Triumph building. Plenty of parking in the rear of the building and the Metra train station is located about a block away. Awesome location within walking distance of schools, shopping and all of Homewood's great amenities!
  1. Listed by Denise Raines • Weichert, Realtors The Home Team

Property Details for 18101 Martin Avenue

Area
Homewood
Township
Bloom
Num Of Parking Spaces
16.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 05/05/2021 09:38 AM

Property Details for 18101 Martin Avenue

StatusClosed
MLS #10781275
Days on Market290
Taxes$24,396 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1891
Lot Size0.40 AC / 17,236 SF
CountyCook County

Location

Add your commute

Building Information for 18101 Martin Avenue

Stories-Residences10Year Built1891Building Size-Lot Size0.40 AC / 17,236 SF

Payment Calculator

$4,543 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,510

Property Taxes

$2,033

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18101 Martin Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Basement Description: Unfinished
  • Heat/Ventilation: Electric,Forced Air,Gas
  • # Of Window/Ac: 8
  • # Of Refrigerators: 8
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside,Laundry Room
  • # Of Dryers: 1
  • Num of Baths: 0.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 144X162X84X150
  • Lot Size Square Feet: 17236.0
  • Stories: 3
  • Exterior Building Type: Aluminum Siding, Brick
  • Construction: Brick, Wood Frame
  • Roof Type: Composition
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s,Smoke or Fire Protectors
  • Roof Structure: Gable
  • Foundation Details: Block
  • Building Area Total: 12500
  • # Of Ranges: 8
  • Conversion: Y
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Condominium, Multi-Family, Single Family, Retail
  • Buyer Financing: Conventional
  • Documents Available: Rent Roll,Leases-Copies,Legal-Description
  • Public Document Count: 0
  • Photos Count: 13
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 11-06-2020
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $3,056.00
  • Fuel Expense: $4,458.00
  • Gross Income: $105,540.00
  • Gross Scheduled Income: $112,740.00
  • Insurance Expense: $4,295.00
  • Maintenance Expense: $7,856.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2020
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2020
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Total Monthly Income: 9645
  • Water Expense Source: Actual
  • Net Operating Income: $46,572.00
  • Operating Expense: $7,500.00
  • Other Expense: $3,529.00
  • Trash Expense: $1,531.00
  • Water Sewer Expense: $3,912.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 1: 10
  • # Of Full Bthrms - Type 1: 1.2
  • Monthly Income - 1: 3136
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 2: 4
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 860
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 3: 3
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 725
  • Monthly Income Max - 3: 750
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 4: 3
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 625
  • Monthly Income Max - 4: 665
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 2
  • # Of Rooms - Unit 5: 3
  • # Of Full Bthrms - Type 5: 1
  • Monthly Income - 5: 700
  • Monthly Income Max - 5: 765
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
  • # Of Full Bthrms - Type 6: 1
  • Monthly Income - 6: 685
  • Monthly Income Max - 6: 685
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 7: 2
  • # Of Full Bthrms - Type 7: 1
  • Monthly Income - 7: 600
  • Monthly Income Max - 7: 630

Property History for 18101 Martin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 18101 Martin Avenue

Taxable ValueLand$12,273Additions$41,229Total$53,502
Tax Record2021$26,764 ($2,230 / month)
Home Facts
Total Finished SqFt4,304 SqFtAbove Grade Finished SqFt4,304 SqFtStories3Lot Size17,534 SqFtStyleStoresYear Built1905CountyCOOKAPN29-31-311-003

Schools near 18101 Martin Avenue

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Weichert, Realtors The Home Team

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.