421 LAKE Street Maywood, IL $ 1,050,000
421 LAKE Street
$ 1,050,000
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421 LAKE Street

Maywood, IL, 60153
$ 1,050,000
Bedrooms-- Baths-- Sq 7,739

Monthly Estimate*

$ 6,630

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Commercial Property for sale in Maywood, IL

for $1,050,000. This 7,739 square foot building was built in 1962 on a lot size of 0.355349.

Presenting a rare 9,388 SF two-story mixed-use commercial building zoned C-2 Pedestrian-Oriented Commercial, strategically positioned along a high-visibility corridor with exceptional foot and vehicle traffic. Located on a bustling thoroughfare serviced by bus stops on both the commercial and residential sides, this property delivers the kind of accessibility and exposure that drives consistent tenant demand and long-term value.Key Highlights 12 fully renovated residential units on the second floor, all currently leased, providing immediate and steady rental income 4 ground-floor commercial units leased to a vibrant tenant mix including a restaurant, salon, and retail businesses 1,500+ SF of private rear industrial-style space currently used as an automotive warehouse, ideal for storage, light industrial use, or additional rental income. Surrounded by thriving local businesses with strong car counts and pedestrian flow. 2024 Property Taxes: $82,804. This is a fully performing, income-generating asset in a prime transit-oriented location, turnkey for the investor looking for diversified revenue streams under one roof.

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Commercial Active

Price

$ 1,050,000

Property Type

Commercial

Taxes

$ 82,804

Style

Lot Size

0.355349

Year Built

1962

Town/City

Maywood

County/Region

Cook

MLS | Web ID

12690360

Features
General
Cooling Central Air
Possession Closing
Zoning RTAIL
Year Built 1962
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 241800
County Cook
Net Operating Income 138556
Operating Expense 126264
Insurance Expense 13104
Property Type Commercial Sale Mixed Use
Status New
Directions 1st Ave North to Lake West to Address
City Maywood
Number Of Units Total 16
MLS Area Maywood
Lot Size Square Feet 15479
Tax Annual Amount 82804
Electric Expense 2880
Fuel Expense 7560
Trash Expense 4600
Water Sewer Expense 7800
Additional Parcels Y/N N
Standard Status Active
Cap Rate 12
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Exterior
Building Area Total 7739
Lot Dimensions 110X140
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* Excluded Features
List By
Better Homes & Gardens Real Estate Connections

Broker

noemitrujillo@gmail.com

Email

Affordability Calculator

$13,530
Per Month
49%
51%
0%
Monthly Principal & Interest
$6,630
Monthly Property Taxes
$6,900
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/27/2026$1,050,000 Listed Price

Map


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421 LAKE Street, Maywood, IL, 60153 is a Commercial Property for sale at $1,050,000 with 7,739 sqft and a lot size of 0.355349. 421 LAKE Street was built in 1962. The property's zip code is 60153 which is in Maywood, IL