2023 Ridge Road

Homewood, IL 60430

$680,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Here is your chance to own over 7,000sf in the center of Downtown Homewood. 3 STORE-FRONT SUITES (1 being a corner store-front) and 5 office suites on the ELEVATOR-accessible second floor. 2023 is just a block away from the the Amtrak/Metra Station, across the street from the brand new Hartford building with luxury apartments and, the highly talked about, Stoney Point Grill. Martin Ave Square is the center of Downtown, where the community holds their farmers markets and where residents and visitors...Here is your chance to own over 7,000sf in the center of Downtown Homewood. 3 STORE-FRONT SUITES (1 being a corner store-front) and 5 office suites on the ELEVATOR-accessible second floor. 2023 is just a block away from the the Amtrak/Metra Station, across the street from the brand new Hartford building with luxury apartments and, the highly talked about, Stoney Point Grill. Martin Ave Square is the center of Downtown, where the community holds their farmers markets and where residents and visitors shop and dine out together. Homewood is finding many ways to put back into their community. The Historic Amtrak/Metra station is undergoing a $15 million reconstruction, restoring the historic structures and building an adjacent station. This includes renovating the existing tunnel. Stoney Point Grill is not the only new restuarant in town, Homewood Brewery Company, an 18,000+sf brewpub, is set to open this year and a Brand New Casino will be open this year, in Hazel Crest. Don't miss out on this incredible opportunity to bring your business to the Heart of Homewood.
  1. Listed by Shandra Phillips • Weichert, Realtors The Home Team
  2. Listed by Teresa Joyce • Weichert, Realtors The Home Team

Property Details for 2023 Ridge Road

Area
Homewood
Township
Thornton
Zoning
COMMR

Location

Listing Courtesy of Weichert, Realtors The Home Team
Add your commute
LISTING UPDATED: 04/27/2024 10:04 PM

Property Details for 2023 Ridge Road

StatusActive
MLS #11950182
Days on Market130
Taxes$49,425 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1977
Lot Size0.20 AC / 8,533 SF
CountyCook County

Location

Listing Courtesy of Weichert, Realtors The Home Team
Add your commute

Building Information for 2023 Ridge Road

Stories-Residences8Year Built1977Lot Size0.20 AC / 8,533 SF

Payment Calculator

$7,830 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,711

Property Taxes

$4,119

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2023 Ridge Road

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
  • Open Parking Spaces: 12.0
Location and General Information
  • Frontage Type: City Street, Public Road
  • Geographic Locale: South Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Flooring: Varies
  • Heat/Ventilation: Forced Air,Gas
  • Washer/Dryer Lsd: No
  • Misc Inside: Elevator/s Passenger,Accessible Entrance,Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Lot Dimensions: 8533
  • Lot Size Square Feet: 8533.0
  • Stories: 2
  • Exterior Building Type: Brick, Stucco
  • Roof Type: Rubber
  • Fire Protection: Alarm Monitored,Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Block
  • Building Area Total: 7400
  • # Of Offices: 5
  • Office SqFt: 3110
  • Retail SqFt: 4250
  • # Of Stores: 3
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Documents Available: Rent Roll,Leases,Tax Bill,Backup Package
  • Public Document Count: 0
  • Photos Count: 21
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District
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: $1,098.00
  • Fuel Expense: $3,000.00
  • Gross Income: $98,268.00
  • Gross Scheduled Income: $178,416.00
  • Insurance Expense: $2,032.00
  • Electric Expense Source: Combination
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Other Expense Source: Actual
  • Total Monthly Income: 14868
  • Water Expense Source: Combination
  • Operating Expense: $77,625.00
  • Other Expense: $22,023.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,000.00

Property History for 2023 Ridge Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2023 Ridge Road

Taxable ValueLand$15,137Additions$76,994Total$92,131
Tax Record2022$49,425 ($4,119 / month)
Home Facts
Baths5Total Finished SqFt7,155 SqFtAbove Grade Finished SqFt7,155 SqFtStories2Lot Size8,650 SqFtStyleStoresYear Built1938CountyCOOKAPN29-31-311-020

Schools near 2023 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.

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.

2023 Ridge Road is a mixed use property for sale in Homewood, IL 60430. This property was listed for sale on December 20, 2023 by Weichert, Realtors The Home Team, it's currently listed at $680,000. It has been on the market for a total of 130 days and was last sold on January 13, 2005. 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. 2023 Ridge Road is a 0-bed, 0-bath, mixed use property built in 1977.

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.