409 Lake StMaywood, IL 60153

Property Details for 409 Lake St

Year built

1960

Lot size

0.05 AC

Property type

Commercial real estate

APN

15-11-125-014

APU

1511125014

Description

This exceptional Maywood, IL investment opportunity presents a 2,000 square foot, three-story mixed-use building situated on a 9,012.90 square foot lot. The property boasts a thriving tire repair shop tenant with a 10-year lease generating $1,000 monthly rent, plus two residential units: a two-bedroom, one-bathroom apartment renting for $1,150 monthly (lease started September 1, 2022) and a one-bedroom, one-bathroom apartment renting for $850 monthly. A separate 600 square foot brick commercial building is also included. The property features ample parking (20+ cars), paved loading areas, and is conveniently located near the Maywood Metra station and major expressways. With a C-2 Pedestrian-Oriented Commercial zoning designation and a daily vehicle count of 9,400, this location benefits from high visibility and foot traffic in a vibrant shopping district near Walgreens, Taqueria El Duranguito, and other established businesses. The substantial additional land offers significant potential for future commercial development. This property presents a rare chance to acquire an underutilized asset with considerable upside in rental income or redevelopment potential. All reasonable offers will be considered.

• Alternative Use

  Use

  Valuation

  Residential

  $799,352

  Hospitality

  $732,202

  Educational

  $609,183

  Medical

  $630,134

  Retail

  $947,618

Location Insight

City

Maywood

County

Cook

State

Illinois

Latitude

41.8897

Longitude

-87.8385

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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