18660 Dixie Highway S Homewood, IL ^$ 1,750,000

18660 Dixie Highway S

^$ 1,750,000

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18660 Dixie Highway S

Homewood, IL, 60430

^$ 1,750,000

Bedrooms-- Baths-- Sq 10,289

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Property for Rent in Homewood, IL

for $1,750,000. This 10,289 square foot property was built in 1959 on a lot size of 0.565519.

Rare opportunity to own a well-established strip mall in the heart of Homewood, just 35 minutes from downtown Chicago and steps from the Metra train station. This multi-unit commercial complex includes: * 11 business suites, currently featuring successful long-standing tenants including an auto repair shop (25+ years), a former bakery (50+ years, closed during COVID but still equipped), a photo salon, dry cleaners (with equipment included), an insurance agency, and more. * 3 vacant units-perfect for owner-user or additional rental income. * Gross income in 2024: $150,000 with potential to reach $200,000-$250,000 when rents are brought to market. * Over 50 parking spots for customers and tenants. * Includes a single-family home converted to an office-easily reverted to residential use if desired. Family-owned for 70 years, this property has a legacy of success and offers a fantastic investment opportunity with solid cash flow and strong upside. Zoned commercial, multiple uses possible. Reach out today to schedule a showing of the three available units and explore the potential this property has to offer!

Rental Active

Price

^$ 1,750,000

Taxes

^$ 61,890

Style

Commercial,Automotive

Lot Size

0.565519

Year Built

1959

Town/City

Homewood

County/Region

Cook

MLS | Web ID

12374939

Features

General

Cooling Central Air

Zoning COMMR

Construction Materials Brick Concrete Block

Year Built 1959

Electric Circuit Breakers

Stories Count 1

Township Bloom

Tax Year 2023

Current Use Commercial Automotive

Gross Income 155100

County Cook

Net Operating Income 93209

Insurance Expense 5500

Property Type Commercial Sale Mixed Use

Possible Use Commercial Office Retail Special Use Other

Status Active

Directions 80-E exit 4 for Dixie Hwy turn left to stay on Dixie HWY

City Homewood

Number Of Units Total 11

MLS Area Homewood

Lot Size Square Feet 24634

Tax Annual Amount 61890.29

Electric Expense 10

Fuel Expense 10

Trash Expense 950

Water Sewer Expense 10

Additional Parcels Y/N Y

Lease Type Gross

Standard Status Active

Total Actual Rent 0

Cap Rate 5

Exterior

Foundation Details Concrete Perimeter

Building Area Total 10289

Lot Dimensions 255X255

Frontage Type City Street

* Excluded Features

List By

Core Realty & Investments Inc.

Broker

olga@olgasellschicago.com; olga@olgasellschicago.com

Nearby

Trends
Schools

About Homewood, IL

18,916 Population

-3% Since 2002

^$70,777 Median Income

42.14 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/26/2025	$1,750,000		Listed Price

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18660 Dixie Highway S, Homewood, IL, 60430 is a Property for Rent at $1,750,000 with 10,289 sqft and a lot size of 0.565519. 18660 Dixie Highway S was built in 1959. The property's zip code is 60430 which is in Homewood, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Data is updated as of 12/21/2025.

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18660 Dixie Highway S

Property for Rent in Homewood, IL

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