Maywood, IL 60153 421 LAKE Street

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Presented By: Better Homes & Gardens Real Estate Connections
  • MLS# 12429305
  • 07/24/2025
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  • SQFT • 7,739

Home Details

Presenting a 9,388 SF, two-story mixed-use commercial building zoned C-2 Pedestrian-Oriented Commercial, ideally positioned in a high-visibility corridor with both heavy foot and vehicle traffic. Located on a bustling thoroughfare with bus stops on both the commercial and residential sides, this property offers exceptional exposure and accessibility. Key Highlights: 12 fully renovated residential units on the second floor - all fully leased, providing steady rental income. 4 ground-floor commercial units, leased to a dynamic mix of modern tenants including a restaurant, salon, church (Iglesia de Dios), and retail businesses. Over 1,500 SF of private rear industrial-style space, currently utilized as an automotive warehouse - perfect for storage, light industrial, or additional rental income. Surrounded by thriving local businesses, this property benefits from high car counts and strong pedestrian flow, making it an ideal, income-generating investment in a prime, transit-oriented location. Property taxes have been appealed and won but have not been updated by cook county. New taxes reflected may be around $77,000.
Presented By: Better Homes & Gardens Real Estate Connections

General for 421 LAKE Street

Additional Parcels Y/NNo
CityMaywood
CoolingCentral Air
CountyCook
Directions1st Ave North to Lake West to Address
ElectricCircuit Breakers
Electric Expense2880
Fuel Expense7560
Gross Income241800
Insurance Expense13104
Leasable Area
Lot Size Square Feet15479
MLS AreaMaywood
ModificationTimestamp2025-07-26T13:37:01.620Z
Net Operating Income138556
Number Of Units Total16
Operating Expense114644
PossessionClosing
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusNew
Stories Count2
Tax Annual Amount101000
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
Trash Expense4600
Water Sewer Expense7800
Year Built1962
ZoningRTAIL

Exterior for 421 LAKE Street

Building Area Total7739
Lot Dimensions110X140

Additional Details

Price History

Client Care

Price $1,250,000
MLS#12429305
List Date 07/24/2025
Property Type Commercial
Phone 847.485.2500
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