Property Overview

Interra Realty has been engaged to exclusively market 18019 Dixie Hwy in Homewood, IL. The mixed use apartment building is located in a flourishing retail pocket of the submarket which neighbors the village hall and police station. In addition, Homewood provides a nationally acclaimed elementary and high school district and is conveniently located 25 miles south of Downtown Chicago with easy access to the Metra and off the I-80 and I-294. The property is comprised of 11 apartments and 4 commercial spaces, that includes an attractive unit mix of Four (4) 1Bdr/1Ba, Six (6) 2Bdr/1Ba and One (1) 4Bdr/2Ba units.

The building is equipped with secured entrances, storage lockers, shared laundry facilities (owned by the landlord) and an ample amount of parking spaces. The units feature central heat and a/c, in addition to premium finishes in the kitchens, bathrooms and living areas.

Qualified investors have the opportunity to finish rehabbing the remaining units and increase rents by 20%. New ownership will inherit a well-maintained asset in a prime location of the Chicago suburbs and achieve a 16%+ cash on cash return.

Highlights

  • Ability to Rehab Remaining Units & Increase Rents By 20%
  • In-Close Proximity to I-80 & I-294, Metra Station, the Village Hall & Police Station
  • Well-Maintained Mixed-Use Asset with an Attractive Unit Mix.
  • Low Sale Velocity Market

Key Details

Transaction Date
2022
NUMBER OF UNITS
11 Apartments, 4 Commercial
BUILDING SIZE
14,473 SF
LOT SIZE
19,602 SF