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Beth Kaim, Sales Associate
SOLD
$950,000
Date 07/21/2023

1956 Ridge Road
Homewood, IL 60430

Mixed Use
Residence
Courtesy: BHHS Chicago

Description for 1956 Ridge Road Homewood, IL 60430

Great Investment opportunity in the heart of downtown Homewood. Value add opportunity with 8% CAP Rate on existing income. Long time owner put approx. $115K in capital improvements over the last 5 years. All roofs replaced within last 7 years and come with 15 year warranties. Most HVAC units have been replaced. Tuckpointing and facade repairs totaling $14K completed over the last couple ofyears. Located at the main intersection of Ridge Road and Dixie Highway. Approx. 9000 SF consisting of 5 Retail units and 2 Apartments, and all fully rented and cash flowing. Annual gross income exeeding $128,000. Commercial tenants include travel agent, gourmet popcorn shop, long-time shoe repar, personal trainer and boutiqe shop/refillery. Highly desireable building in excellent location approx. 2 blocks from new metra station. New development all around include Wind Creek Casino, The Hartford, with 36 new residential units and restaurant and Homewood Brewing Company.

Property Details

11757100
Mixed Use, Other
Cook
1919
Brick,Stone
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Courtesy: BHHS Chicago
Listings courtesy of MRED as distributed by MLS GRID

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Beth Kaim 1010 Rohlwing Road, Elk Grove Village, IL 60007 | Phone: (847) 452-1994 | Email: beth@yourpad.com

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