421 LAKE ST new Save Request In-Person Tour Request Virtual Tour
Maywood,IL 60153
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
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, church (Iglesia de Dios), 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
Area Maywood
Zoning RTAIL
Interior
Cooling Central Air
Building
Dwelling Type Mixed Use