421 LAKE ST Maywood, IL 60153

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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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, 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

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 2

Listed by Noemi Trujillo • Better Homes & Gardens Real Estate Connections

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106