OFF MARKET

Off Market Jul 2023 for $950K

—

Est. refi paymentEst. refi $5,897/mo

—

•

— ba

•

9,500

sq ft

1956 Ridge Rd, Homewood, IL 60430

About this home

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.

1919Year Built

10,395 sq ftLot Size

$100Price/Sq.Ft.

Listed by Denise Raines • BHHS Chicago

Bought with Rommi Achterhof • Coldwell Banker Realty

Redfin checked: a minute ago

•Source:MRED as Distributed by MLS Grid #11757100

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 60430, IL

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.3%

+0.9% MoM

Median sale price

$260K

$12K MoM

Avg. days on market

64d

3 days MoM

Recently sold homes

20 MoM

New listings for sale

OPEN SUN, 12PM TO 2PM
$335,900
4 beds3 baths3,350 sq ft
2054 183rd St, Homewood, IL 60430
NEW
$239,000
2 beds1 bath880 sq ft
18621 Morris Ave, Homewood, IL 60430
$279,000
2 beds1 bath— sq ft
18637 Highland Ave, Homewood, IL 60430
3D WALKTHROUGH
$424,700
4 beds2.5 baths2,231 sq ft
1554 Idlewild Ln, Homewood, IL 60430
$285,000
4 beds2 baths1,344 sq ft
17730 Cherrywood Ln, Homewood, IL 60430
3D WALKTHROUGH
$299,700
3 beds2 baths1,320 sq ft
18415 Morris Ave, Homewood, IL 60430
$135,000
2 beds1.5 baths1,000 sq ft
840 Elder Rd Unit A305, Homewood, IL 60430
$275,000
3 beds1 bath1,800 sq ft
18431 Marshfield Ave, Homewood, IL 60430
$175,000
2 beds2 baths1,300 sq ft
2311 183rd St #104, Homewood, IL 60430
$339,900
4 beds2 baths1,542 sq ft
17560 Hillside Ave, Homewood, IL 60430
See all

Provided by Redfin

Sale history for 1956 Ridge Rd

Year

Property tax

Land + Additions

Assessment*

2023

$25,968 (−0.7%)

$4,147 + $56,452

$60,599

2022

$26,161 (+7.2%)

$3,629 + $45,136

$48,765

2021

$24,395 (+3.3%)

$3,629 + $45,136

$48,765

2020

$23,615 (+1.0%)

$3,629 + $45,136

$48,765

2019

$23,373 (+3.3%)

$3,369 + $43,184

$46,553

2018

$22,624 (−0.1%)

$3,369 + $43,184

$46,553

2017

$22,648 (+13.1%)

$3,369 + $43,184

$46,553

2016

$20,019 (+1.0%)

$3,110 + $37,208

$40,318

2015

$19,830 (+1.9%)

$3,110 + $37,208

$40,318

2014

$19,456 (−4.6%)

$3,110 + $37,208

$40,318

2013

$20,384 (−8.9%)

$3,110 + $42,890

$46,000

2012

$22,370 (+7.2%)

$3,110 + $48,431

$51,541

2011

$20,859 (+24.5%)

$3,110 + $48,431

$51,541

2010

$16,755 (−1.6%)

$3,110 + $44,108

$47,218

2009

$17,022 (+6.3%)

$3,110 + $44,108

$47,218

2008

$16,016 (+58.1%)

$4,977 + $44,727

$49,704

2007

$10,130

$12,442 + $18,723

$31,165

Tax history for 1956 Ridge Rd

Year

Property tax

Land + Additions

Assessment*

2023

$25,968 (−0.7%)

$4,147 + $56,452

$60,599

2022

$26,161 (+7.2%)

$3,629 + $45,136

$48,765

2021

$24,395 (+3.3%)

$3,629 + $45,136

$48,765

2020

$23,615 (+1.0%)

$3,629 + $45,136

$48,765

2019

$23,373 (+3.3%)

$3,369 + $43,184

$46,553

2018

$22,624 (−0.1%)

$3,369 + $43,184

$46,553

2017

$22,648 (+13.1%)

$3,369 + $43,184

$46,553

2016

$20,019 (+1.0%)

$3,110 + $37,208

$40,318

2015

$19,830 (+1.9%)

$3,110 + $37,208

$40,318

2014

$19,456 (−4.6%)

$3,110 + $37,208

$40,318

2013

$20,384 (−8.9%)

$3,110 + $42,890

$46,000

2012

$22,370 (+7.2%)

$3,110 + $48,431

$51,541

2011

$20,859 (+24.5%)

$3,110 + $48,431

$51,541

2010

$16,755 (−1.6%)

$3,110 + $44,108

$47,218

2009

$17,022 (+6.3%)

$3,110 + $44,108

$47,218

2008

$16,016 (+58.1%)

$4,977 + $44,727

$49,704

2007

$10,130

$12,442 + $18,723

$31,165

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

4.5

Stories

Lot width

—

Lot depth

—

Lot size

10,369 Sq. Ft.

Year renovated

—

Sq. Ft.

7,280

Year built

1920

Style

Multi-Family (5+ Unit)

County

Cook County

APN

29314000540000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 11, 2026.

B-1

Downtown Core District

The purpose of the B-1 downtown core district is to establish a destination for retail, dining, and entertainment in the village. The district is intended to have a pedestrian-oriented environment and accommodate development at all scales. It is the intent and purpose of this district to protect areas for commercial development and the generation of property tax revenue from the encroachment of nontaxable bodies including non-commercial places of assembly as defined in this chapter.

Permitted uses

Include but are not limited to:

General retail
Restaurant
Housing-Multiple units
Office
Medical office

Property details

Exterior

Building Information
# of Units: 7
Built Before 1978 (Y/N): Yes
Roof: Membrane
Roof Structure: Flat
Construction Materials: Brick, Stone

Property Information
Property Type: Mixed Use
Parcel Number: 29314000540000

Lot Information
Dimensions: 99X105
Frontage Type: Public Road, Signal Intersection
Zoning: RTAIL

Financial

Tax Information
Tax Annual Amount: $24,395
Tax Year: 2021

Financial Information
Finance Code: Cash
Gross Rent Multiplier: 8.33
Total Monthly Income: $10,724
Gross Income: $128,694

Utilities

Utility Information
Electric: Service - 101 to 200 Amps

Heating & Cooling
Heat/Ventilation: Forced Air
Cooling: Central Air

Location

Location Information
Directions: NE corner of Ridge Rd. and Dixie Hwy

Public facts

Beds: 6
Baths: 4.5
Sq. Ft.: 7,280
Stories: 2.0
Lot Size: 10,369 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Cook County
APN: 29314000540000

Home facts updated by county records on Jul 11, 2026

Other

Expense Information
Water Sewer Expense: $2,268
Insurance Expense: $4,092

Listing Information
Some Photos Virtually Staged?: No

Around this home

Schools

Willow School

Public PreK-2 • Assigned • 0.6mi

James Hart School

Public 6-8 • Assigned • 1.2mi

7/10

Homewood-Flossmoor High School

Public 9-12 • Assigned • 1.7mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 101° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

4 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Homewood, IL • 60430

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

$15,000

Land— sq ft

1827 Chicago Rd, Chicago Heights, IL 60411

$172,500

3 beds3 baths1,632 sq ft

869 White Oak Ln, University Park, IL 60484

$349,900

5 beds3 baths3,850 sq ft

126 Denell Dr, Crete, IL 60417

NEW CONSTRUCTION

$449,999

4 beds2.5 baths2,400 sq ft

24380 Liberty St, Crete, IL 60417

$225,000

2 beds2.5 baths1,558 sq ft

231 Hillcrest Ln, Steger, IL 60475

$550,000

— beds— baths9,136 sq ft

1816 170th St, Hazel Crest, IL 60429

New listings for sale in 60430

OPEN SUN, 12PM TO 2PM

$335,900

4 beds3 baths3,350 sq ft

2054 183rd St, Homewood, IL 60430

NEW

$239,000

2 beds1 bath880 sq ft

18621 Morris Ave, Homewood, IL 60430

$279,000

2 beds1 bath— sq ft

18637 Highland Ave, Homewood, IL 60430

3D WALKTHROUGH

$424,700

4 beds2.5 baths2,231 sq ft

1554 Idlewild Ln, Homewood, IL 60430

$285,000

4 beds2 baths1,344 sq ft

17730 Cherrywood Ln, Homewood, IL 60430

3D WALKTHROUGH

$299,700

3 beds2 baths1,320 sq ft

18415 Morris Ave, Homewood, IL 60430

$135,000

2 beds1.5 baths1,000 sq ft

840 Elder Rd Unit A305, Homewood, IL 60430

$275,000

3 beds1 bath1,800 sq ft

18431 Marshfield Ave, Homewood, IL 60430

$175,000

2 beds2 baths1,300 sq ft

2311 183rd St #104, Homewood, IL 60430

Home values near 1956 Ridge Rd

Data from public records.

Address	Redfin Estimate
2005 Ridge Rd, Homewood, IL 4 Beds \| 4 Baths \| 2752 Sq. Ft.	—
2011 Ridge Rd, Homewood, IL 3 Beds \| 3.5 Baths \| 6668 Sq. Ft.	—

Address	Redfin Estimate
2012 Ridge Rd, Homewood, IL 4 Beds \| 3.5 Baths \| 3034 Sq. Ft.	—
2011 Ridge Rd, Homewood, IL 3 Beds \| 3.5 Baths \| 6668 Sq. Ft.	$351,142

Address	Redfin Estimate
2001 Ridge Rd, Homewood, IL 6 Beds \| 4.5 Baths \| 5154 Sq. Ft.	—
1944 Ridge Rd, Homewood, IL 2 Beds \| 3 Baths \| 4980 Sq. Ft.	—

Property information provided by MRED as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

60425 homes for sale
60429 homes for sale
60430 homes for sale
60411 homes for sale
60422 homes for sale

Houses for rent in Homewood	Agents near me	Glenview, IL homes for sale	Homewood Housing Market
Houses for sale near me	Chicago, IL homes for sale	Evanston, IL homes for sale
Land for sale near me	Naperville, IL homes for sale	Oak Park, IL homes for sale
Open Houses near me	Schaumburg, IL homes for sale	Homewood Property Records
Condos for sale near me	Arlington Heights, IL homes for sale	IL New Listings

Tinley Park homes for sale
Chicago homes for sale
Orland Park homes for sale

About this home

Redfin Estimate

Market trends in 60430, IL

Sale history for 1956 Ridge Rd

Tax history for 1956 Ridge Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 60430

Home values near 1956 Ridge Rd

More real estate resources