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Listed by Noemi Trujillo • Better Homes & Gardens Real Estate Connections
$ 1,250,000
Est. payment /mo
Active
421 LAKE Street Maywood, IL 60153
7,739 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,739 sqft
Price per Sqft $161
MLS Listing ID 12428281
Year Built 1962
Annual Tax Amount $101,000
Tax Year 2023
Lot Dimensions 110X140
Property Sub-Type Mixed Use
Property Description
Presenting a 9,388 SF, two-story mixed-use commercial building zoned C-2 Pedestrian-Oriented Commercial, ideally positioned in a high-visibility corridor with both heavy foot and vehicle traffic. Located on a bustling thoroughfare with bus stops on both the commercial and residential sides, this property offers exceptional exposure and accessibility. Key Highlights: 12 fully renovated residential units on the second floor - all fully leased, providing steady rental income. 4 ground-floor commercial units, leased to a dynamic mix of modern tenants including a restaurant, salon, and retail businesses. Over 1,500 SF of private rear industrial-style space, currently utilized as an automotive warehouse - perfect for storage, light industrial, or additional rental income. Surrounded by thriving local businesses, this property benefits from high car counts and strong pedestrian flow, making it an ideal, income-generating investment in a prime, transit-oriented location. Property taxes have been appealed and won but have not been updated by cook county. New taxes reflected may be around $77,000.
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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