Multifamily
The Hartford
2033 Ridge Rd, Homewood, IL 60430
Listing Price: $12,000,000
Investment Overview
Marcus & Millichap is pleased to present this 37-unit mixed-use property, built in 2023, located at 2033 Ridge Road in Homewood, Illinois.
The building is comprised of three studio / one-bathroom units, 21 one-bedroom / one-bathroom units, three two-bedroom / one-bathroom units, and nine two-bedroom / two-bathroom units, measuring, on average, 382, 650, 823, and 940 square feet, respectively. The building also has one retail space that measures approximately 5,835 square feet and is the entire first floor of the building. The property features an outdoor terrace, an elevator, bike racks, garage parking and off-street parking. Each unit features designer interiors, stainless steel appliances and in-unit washer and dryer.
This investment offers an investor the opportunity to acquire a newly constructed, stabilized asset that offers cash flow on day one.
The Hartford
Investment Highlights
- Desirable Unit Mix of Mostly One-Bedroom and Two-Bedroom Units and New Construction - Built in 2023
- Stoney Point Grill's Second Location Occupies the Entire First Floor of the Building, Established Since 2005, and Holds a Gaming License with Operational Machines
- Amenities Include: Outdoor Terrace, Elevator, Bike Racks, Garage Parking and Off-Street Parking and Each Unit Features Designer Interiors, Stainless Steel Appliances, and In-Unit Washer and Dryer
- Nineteen Year Tax Increment Financing with Minimum Yield of 7.94 Percent on All in Project Cost of Approximately $9.45 Million with a Maximum Benefit of Seven Million Dollars
- Located in the Heart of Downtown Homewood - Walking Distance to Homewood Metra Station, Amtrak Station and PACE Bus Stop
- Halsted Street Retail Corridor Located Two Miles East Via Ridge Road
- Surrounded by Numerous Golf Courses, including Ravisloe Country Club and Near Willow Elementary School
- Average Household Income within One Mile is $97,948
Exclusively Listed By
Listing Price: $12,000,000
Investment Highlights
- Desirable Unit Mix of Mostly One-Bedroom and Two-Bedroom Units and New Construction - Built in 2023
- Stoney Point Grill's Second Location Occupies the Entire First Floor of the Building, Established Since 2005, and Holds a Gaming License with Operational Machines
- Amenities Include: Outdoor Terrace, Elevator, Bike Racks, Garage Parking and Off-Street Parking and Each Unit Features Designer Interiors, Stainless Steel Appliances, and In-Unit Washer and Dryer
- Nineteen Year Tax Increment Financing with Minimum Yield of 7.94 Percent on All in Project Cost of Approximately $9.45 Million with a Maximum Benefit of Seven Million Dollars
- Located in the Heart of Downtown Homewood - Walking Distance to Homewood Metra Station, Amtrak Station and PACE Bus Stop
- Halsted Street Retail Corridor Located Two Miles East Via Ridge Road
- Surrounded by Numerous Golf Courses, including Ravisloe Country Club and Near Willow Elementary School
- Average Household Income within One Mile is $97,948
Investment Overview
Marcus & Millichap is pleased to present this 37-unit mixed-use property, built in 2023, located at 2033 Ridge Road in Homewood, Illinois. The building is comprised of three studio / one-bathroom units, 21 one-bedroom / one-bathroom units, three two-bedroom / one-bathroom units, and nine two-bedroom / two-bathroom units, measuring, on average, 382, 650, 823, and 940 square feet, respectively. The building also has one retail space that measures approximately 5,835 square feet and is the entire first floor of the building. The property features an outdoor terrace, an elevator, bike racks, garage parking and off-street parking. Each unit features designer interiors, stainless steel appliances and in-unit washer and dryer. This investment offers an investor the opportunity to acquire a newly constructed, stabilized asset that offers cash flow on day one.
Exclusively Listed By
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