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1956 Ridge Road

$950,000
1956 Ridge Road, Homewood, IL 60430
1956 Ridge Road

1956 Ridge Road

$950,000

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.
Rommi Achterhof
Rommi Achterhof Contact

Features & Amenities

Exterior

Stories 2
ROOF Membrane
Air Conditioning Central Air

Area & Lot

Status Sold
LIVING SPACE 9,500 Sq.Ft.
LOT SIZE 10,395 Sq.Ft.
MLS® ID 11757100
Type Other
Year Built 1919

Financial

SALES PRICE $950,000
REAL ESTATE TAXES $24,395/yr
Zoning RTAIL

Work With Rommi

Work with Rommi, and experience the Golden Rule of Real Estate firsthand. She is dedicated to putting your needs first, providing honest guidance, maintaining your privacy, and building a relationship based on trust and professionalism. Whether buying or selling, she is committed to keeping communication open and making your real estate journey seamless and rewarding.

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