Krisha Saldivar
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Prime Mixed-Use Investment Opportunity in Downtown Homewood - 8-Unit Building. This well-maintained, all-electric mixed-use building is located in the heart of downtown Homewood, just steps from the Metra station, shops, restaurants, and village amenities. It features four ground-floor suites (900 sq ft each)-two professional offices and two residential units-plus four upper-level 2-bedroom/1.5-bath apartments (900 sq ft each). Most units have been recently updated. Stabilized gross rents project at $12,000 per month ($144,000 annually) once fully leased, with proven rents: offices at $1,400/mo each and apartments ranging $1,368-$1,795/mo. Owner pays water, garbage, sewer, snow removal, and lot cleaning; tenants pay their own electric. Annual expenses total $35,737 (utilities $9,600, insurance $4,795, taxes $21,342). The property includes local marketing services via EmpowerLinked a unique and growing marketing agency at no cost for one year. EmpowerLinked promotes your listing(s) for lease at other EmpowerLinked host locations, on social media and on digital radio. Contact us today to schedule a showing!
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1968
General Information
County: Cook
Listed By:
Village Realty Inc
708-478-1212
MRED MLS
MLS ID: 12595175
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18154 Martin Avenue , Homewood, IL 60430.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,128,000 | $1,128,000 | $1,128,000 |
| Down Payment | $39,480 | $0 | $225,600 |
| Monthly Mortgage Amount | $6,730 | $7,001 | $5,483 |
| Taxes | $1570 | $1570 | $1570 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $677 | $0 | $0 |
| Monthly Estimated Total | $9,306 | $8,900 | $7,382 |
Krisha Saldivar
REALTOR®
Office: (563) 441-5027
Cell: (563) 940-0601
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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