2318 South Homan Avenue

2318 South Homan Avenue, Chicago, IL 60623

Property Information

  • For Sale $700,000
  • Property Type Multi-Family
  • Property Size 4,800 SF
  • Units 6
  • Date Updated May 29, 2026

Description

2318 S Homan is nestled in the vibrant Little Village neighborhood of Chicago, a lively community brimming with rich cultural history and strong neighborhood identity. As you pass under the iconic "Bienvenidos a Little Village" archway, you enter a world where local heritage is celebrated through its bustling commercial corridor along 26th Street, known for its authentic Mexican cuisine, diverse grocery stores, and unique small businesses. The neighborhood's tree-lined streets are home to a mix of architectural styles, including two-flats, bungalows, and newly constructed multi-unit buildings, offering a variety of housing options. Living in Little Village means immersing yourself in a rich tapestry of flavors and experiences. On 26th Street, you'll find everything from street tacos and fruit stands to family-owned restaurants where mariachi bands and live entertainment enhance the dining experience. Whether grabbing a quick bite or enjoying a leisurely meal with friends, the area’s culinary scene is always buzzing with energy. For relaxation and recreation, the neighborhood provides plenty of green spaces, with parks offering soccer fields, baseball diamonds, and picnic areas. Community events, like the annual Mexican Independence Day parade, bring neighbors together to celebrate the area’s deep-rooted traditions. With convenient access to public transportation and a welcoming family-oriented atmosphere, Little Village offers a dynamic and authentic living experience in Chicago's southwest side.Introducing a prime investment opportunity at 2318 South Homan Avenue, Chicago, IL, 60623. This well-maintained 4,800 SF building boasts 6 units, each equipped with individual furnace heating systems and water heaters, offering tenants control over their utilities and reducing owner expenses. The property features updated kitchens and baths with modern fixtures, as well as a modern electrical system for enhanced safety and reliability. With strong rental upside and a prime location in the thriving Little Village area, this high-performing asset promises immediate cash flow and long-term value appreciation for discerning multifamily and mid-rise investors.

Highlights

  • Individual Heat & Water Heaters: Each unit comes equipped with its own furnace heating system and water heater, providing tenants with control over their utilities and reducing owner expenses.
  • Modern Electrical Systems: The units have been recently upgraded with new wiring, ensuring a safe and reliable electrical setup for all residents to code.
  • Strong Rental Upside: With the improvements already in place and the growing demand in this bustling area, there is significant potential for rental rate increases, offering an attractive return on investment.
  • Updated Kitchens & Baths: Every unit features contemporary kitchens and bathrooms, complete with modern fixtures, cabinetry, and finishes, making the apartments highly desirable to tenants.

Contacts

Brian Mond

33 Realty

Location

Located at 2318 South Homan Avenue, Chicago, IL 60623, this property is part of the Little Village neighborhood and Chicago market.

Contact Listing Broker
Brian Mond

33 Realty

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.