2022 Ridge Road, HOMEWOOD IL 60430 Photo 1 2022 Ridge Road, HOMEWOOD IL 60430 Photo 2 2022 Ridge Road, HOMEWOOD IL 60430 Photo 3 2022 Ridge Road, HOMEWOOD IL 60430 Photo 4 2022 Ridge Road, HOMEWOOD IL 60430 Photo 5 2022 Ridge Road, HOMEWOOD IL 60430 Photo 6 2022 Ridge Road, HOMEWOOD IL 60430 Photo 7
Listing Courtesy of Orland Park Realtors

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2022 Ridge Road - 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 three bdrm apt w/in unit laundry & 1 one bdrm 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 & newer furnaces & A/C in apts. Roof replaced 2 yrs ago.

Listing information

  • MLS® ID: 09366639
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Mixed Use
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1900
  • Parking Type Description: Private 7 cars
  • Estimated Annual Taxes: $18,516

Features

Air Conditioning Central Air
Approximate Age Older
Backup Info Existing Survey, Historical District, Tax Bill
Built Before 1978 (Y/N) Yes
Electrical Service Circuit Breakers, Separate Meters
Exterior Building Type EIFS (e.g. Dryvit)., Vinyl Siding
Fire Protection Fire Extinguisher/s
Foundation Concrete
Franchisor Feed(y/n) No
Fuel Expense Source Owner Projection
Geographic Locale South Suburban
Heat/Ventilation Forced Air, Gas
Information 24-Hr Notice Required, Show-Call Listing Office
Misc Inside Basement, Multi-Tenant, Private Restroom/s, Storage Inside
Misc Outside Enclosed Stairs, Storms and Screens (as exist)
Other # Of Apts - 2, # Of Offices - 1, # Of Tenants - 5, # Of Units - 6, Electricity Expense - 0, Expense Year - 2015, Fuel Expense - 0, Gross Rent Multiplier - 8.67, Gross Rental Income $ - 3835, Insurance Expense - 2600, Net Oper Income $ - 21899, Net Operating Income Year - 2015, Other Expenses - 0, Scavenger Expense - 883, Tax Year - 2015, Total Annual Exp - 24121, Total Annual Income - 46020, Total Monthly Income - 3835, Township - Thornton, Water Expense - 2122, Zoning Type - Rtail
Outdoor Parking 6-12 Spaces, Private Lot
Owners Assoc (Y/N) No
Ownership Type Individual
Possession Closing, Immediate
Property Type Mixed Use
Roof Coverings Membrane, Shingle Composition
Roof Structure Flat
Sale Terms Conventional
Tenant Pays Air Conditioning, Electric, Heat
Listing Courtesy of Orland Park Realtors