612 Lake StMaywood, IL 60153

Property Details for 612 Lake St

Year built

1918

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

3,320 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

15-11-134-002

APU

1511134002

Description

This exceptional mixed-use property at 612 Lake Street in Maywood, Illinois, presents a unique investment opportunity. The building offers a ground-floor commercial space currently operating as a successful bakery, providing immediate income potential. The spacious layout is ideal for continued bakery operations or adaptation to other food service businesses. Upstairs, a charming and sizable three-bedroom, one-bathroom apartment offers comfortable living quarters, perfect for owner occupancy or rental income generation. The apartment boasts ample living space, creating a desirable residential component to this versatile property. Two convenient off-street parking spaces are located at the rear of the building, a valuable asset in a bustling urban setting. This property enjoys a highly desirable location, close to the heart of downtown Maywood, providing easy access to a wealth of amenities. Nearby shopping centers, schools, hospitals, and public transportation ensure convenience and accessibility for both commercial and residential occupants. This is a rare chance to acquire a well-situated mixed-use property with established income potential and significant upside. The combination of commercial and residential spaces makes this an attractive investment for those seeking a diversified portfolio or a hands-on ownership experience. The property is priced at $375,000. Don't miss this chance to own a piece of Maywood's vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,239,225

  6.5%

  $1,143,900

  7%

  $1,062,193

• Comparable approach

  Method

  Valuation

  Relative Method

  $670,266

  Geo Method

  $670,266

• Alternative Use

  Use

  Valuation

  Residential

  $1,143,900

  Hospitality

  $1,047,806

  Educational

  $871,762

  Medical

  $901,744

  Retail

  $1,356,075

Location Insight

City

Maywood

County

Cook

State

Illinois

Latitude

41.8899

Longitude

-87.8412

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].