701 5Th AveMaywood, IL 60153

Property Details for 701 5Th Ave

Year built

1927

Lot size

0.95 AC

Property type

Retail residential properties

APN

15-11-344-001

APU

1511344001

Description

This exceptional mixed-use property, located at 701 S 5th Ave in Maywood, Illinois (zip code 60153), presents a compelling investment opportunity. The building boasts a total of 41,250 square feet and comprises 26 units, offering a diverse mix of residential and commercial spaces. The residential units consist of two 2-bedroom, 2-bathroom units; four 1-bedroom, 1-bathroom units; fourteen studio units; and six commercial units. Recent capital improvements include the installation of newer windows and hot water tanks, along with updated electrical and plumbing systems, and individual furnaces in each unit. Tenant convenience is enhanced by an on-site laundry room equipped with two washers and two dryers, as well as on-site parking. The property sits on a sizable 41,250 square foot lot and benefits from a C-2 zoning designation, providing flexibility for future development or operational adjustments. The asking price is $2,150,000, representing an attractive 10.73% capitalization rate. This property offers a strong combination of income generation, updated amenities, and significant upside potential in a desirable Cook County location. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a thriving market. The property's diverse unit mix, recent upgrades, and prime location make it an ideal investment for both seasoned and emerging investors seeking substantial returns.

Location Insight

City

Maywood

County

Cook

State

Illinois

Latitude

41.8815

Longitude

-87.8386

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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