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2 of 2

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2033 Ridge Rd
Homewood, IL 60430

$10,000,000 USD

Apartments For Sale  •  36,787 SF

Property Details

• Property Type Apartments
• Total Building Size 36,787 SF
• Lot Size 0.68 AC
• Building Class B
• Year Built 2023
• Cap Rate 5.97 %

44 Transit Score

85 Walk Score

Highlights

Please reach out to learn more about the Tax Increment Financing structure.

Stoney Point Grill's 2nd Location Occupies the Entire 1st Floor of the Building, Established in 2005, Holds a Gaming License with Operational Machines

Amenities Include: Outdoor Terrace, Elevator, Bike Racks, Garage Parking and Off-Street Parking

Each Unit Features Designer Interiors, Stainless Steel Appliances, and In-Unit Washer and Dryer

Eighteen Year Tax Increment Financing of Approximately $9,450,000 with a Maximum Benefit of Seven Million Dollars

Located in the Heart of Downtown Homewood and Halsted Street Retail Corridor Located Two Miles East Via Ridge Road

Financial Summary (Actual)

Net Operating Income: $597,244 USD (2024)

Cap Rate:

5.97 %

Amenities

• Air Conditioning
• Dishwasher
• Disposal
• Microwave
• Washer/Dryer
• Kitchen
• Refrigerator
• Oven
• Stainless Steel Appliances
• Freezer
• Island Kitchen
• Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
Homewood Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	0 min	1 min	0.1 mi
Calumet Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	1.1 mi
Airport	Drive	Walk	Distance
Chicago Midway International	30 min	-	19.1 mi