1010 5Th AveMaywood, IL 60153

Property Details for 1010 5Th Ave

Year built

1917

Property type

Mixed-use properties

Description

This Maywood, IL mixed-use property presents a unique investment opportunity. The building features four apartments, remodeled in 2008, situated above a ground-floor commercial space ideal for a variety of businesses. Each apartment is individually metered for gas and electricity, minimizing landlord expenses. The building's prime location offers easy access to major expressways, providing convenient access for both residents and customers. Its proximity to Hines VA Hospital and Loyola University Medical Center further enhances its appeal. The substantial potential for rental income from the apartments, combined with the flexibility of the commercial space, makes this an attractive proposition for owner-operators. The commercial space is adaptable to various uses, such as a banquet hall, convenience store, or other business ventures. An adjacent parking lot is included, addressing the crucial need for parking in a busy urban area. The property is being sold "as is," offering a chance to acquire a well-located building with significant upside potential. The building's existing structure and recent apartment renovations provide a solid foundation for a new owner to build upon. This is an excellent opportunity for an investor seeking a blend of commercial and residential income streams in a desirable location. The property is located at 1010 S 5th Avenue, Maywood, IL and is priced at $499,900.

Location Insight

City

Maywood

County

Cook

State

Illinois

Latitude

41.8784

Longitude

-87.8392

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