18101 Martin Avenue



MLS# 09770456


Incredible Investment Opportunity to purchase the historical Gottschalk House in the heart of downtown Homewood - built with brick from the Homewood Brick Company! The first floor is leased to an office tenant. The second and third floors have 8 residential units consisting of one 2 bedroom, six 1 bedroom and 1 studio units. Newer improvements include water heater, boiler, coin- operated laundry and studio apartment appliances. Plenty of parking in the rear of the building! The Metra train station is located across the street! Awesome location within walking distance of schools, shopping and all of Homewood's great amenities! This property is to be included in the new TIF District too!

This listing 18101 Martin Avenue Homewood, Il 60430 is a multi family 5+ listing on a lot of 16,988 sqft (or 0.39 acres). 18101 Martin Avenue was built in 1891. 18101 Martin Avenue is located in Homewood and in ZIP Code 60430. It has been listed on our site since Oct 4, 2017.

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Homewood is a great place to buy a home and raise a family. The community is filled with tree-lined streets and brick paved sidewalks, Homewood also has great shopping districts, which include many small boutiques and restaurants. Homewood has an award winning school and park district which is great for the family. It is also known for it's downtown area which has been awarded by Chicago Tribune and Chicago Magazine. Whether it is local block parties, events, diverse or educated neighbors, this local community gives you a feeling of safety and stability that will make you never want to leave.


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*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

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