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$499,900

  • For Sale
  • Active
  • Commercial
  • Updated 14 hours ago
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Excellent opportunity to own a mixed-use property with outstanding income potential! The first floor offers the perfect space to operate your own business while generating rental income from four apartments on the upper level. The apartments were remodeled in 2008, and each tenant pays their own gas and electric utilities. This property also includes an adjacent parking lot, providing added convenience for customers and tenants alike. Ideally located near major expressways, the Edward Hines Jr. VA Hospital and Loyola University Medical Center, this location offers exceptional visibility and accessibility. Endless possibilities await-open a banquet hall, convenience store, retail business, office, or bring your own vision to life. This is an ideal opportunity for an owner-operator looking to build equity while benefiting from rental income. Please check with the village regarding ordinance for usage of the store. Property is being sold AS IS. Please note: Owners of the corporation are licensed Real Estate Brokers in the State of Illinois.

Full Property Details for 1010 S 5th Ave

General

  • Price: $499,900
  • Taxes: $23,218 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12693358

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: Maywood
  • County: Cook
  • Township: Proviso
  • Driving Directions: North or south on 5th Ave, almost at the intersection of 5th Ave and Madison St
  • Location Details: Chicago West

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Gas

Utilities

  • Trash: 2004

Structural Information

  • Stories/Levels: 2
  • # of Stores: 1
  • Year Built: 1917
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 4

Lot Features

  • Lot Size (Sq. Ft.): 10,000
  • Lot Dimensions: 80 x 125
  • Zoning: OTHER

Financial Considerations

  • Insurance Fee: $6,000
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1917
  • Tax Amount: $23,218.75
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 1560
  • Pays Trash: 2004

Disclosures and Reports

  • Property ID: 15141030090000

Listed by RAJ Realty & Investment Co.

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Listing agent

— 1010 S 5th Ave —

  • RAJ Realty & Investment Co.

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1010 S 5th Ave

School Districts:Maywood-Melrose Park-Broadview School District 89, Proviso Township High School District 209
NameGradesDistance
Emerson Elementary School, Maywood, IL
311 Washington Boulevard, Maywood, IL 60153
PK-50.3 mi
Irving Middle School
805 South 17th Avenue, Maywood, IL 60153
6-80.7 mi
Proviso East High School
807 South 1st Avenue, Maywood, IL 60153
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 1010 S 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,600
—
$3,714
—
2023
$1,600
-9%
$3,713
19%
2022
$1,754
-10%
$3,116
-10%
2021
$1,958
3%
$3,463
—
2020
$1,909
-6%
$3,463
8%
2019
$2,030
3%
$3,213
—
2018
$1,975
4%
$3,213
—
2017
$1,908
4%
$3,213
8%
2016
$1,839
7%
$2,962
—
2015
$1,715
9%
$2,962
—
2014
$1,568
9%
$2,962
—
2013
$1,433
5%
$2,962
—
2012
$1,368
—
$2,962
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RAJ Realty & Investment Co.

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1010 S 5th Avenue, Maywood, IL 60153 (MLS# 12693358) is a Commercial property. 1010 S 5th Avenue is currently listed for $499,900 and was received on July 01, 2026. Want to learn more about 1010 S 5th Avenue? Do you have questions about finding other Commercial real estate for sale in Maywood? You can browse all Maywood real estate or contact a Coldwell Banker agent to request more information.

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