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409 Lake Street, Maywood, IL 60153
$620,000
409 Lake Street, Maywood, IL 60153View this property at 409 Lake Street, Maywood, IL 60153
409 Lake StreetMaywoodIL60153
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Property Description
401 - 409 Lake Street, Commercial mixed-use building with great masonry in Maywood. (Good little money maker here.) Building is Approx 2,000 SQ FT, Land is 9,012.90 SQ FT. The property includes a 3-story commercial mixed-use building, a parking lot, a small 600 SQ FT (Approx) brick commercial building and plenty of additional land for potential commercial development. Features a first-floor retail showroom that is currently built out as a tire repair shop and two residential units. Paved side and rear-drive loading area and parking for about 20-plus cars. The tire shop pays $1,000 a month and has a 10-year lease, the 2nd floor apt is a 2 bed 1 bath with a lease that started on Sept 1,2022 and pays $1,150 per month. The 3rd-floor 1 bed 1 bath tenant pays $850 a month. Zoning is C-2 Pedestrian-Oriented Commercial, walking distance to the Maywood Metra stop and close to area expressways. This great property provides the perfect opportunity for an Investor, Developer or end user to acquire a boutique mixed-use building and more, right in the heart of the vibrant Maywood shopping district neighborhood. 9,400 Vehicles pass this location a day (VPD), and it is just east of the bustling Intersection of 5th and Lake street. This is an atypical chance to purchase a truly remarkable underutilized property with tremendous upside in rental potential or development. Area retailers and restaurants include - Walgreens, Taqueria El Duranguito, Maywood Express, Legends Grill and Music venue, Panaderia Puebla. Ownership will listen to all reasonable offers, do not bother tenant. Please call listing agent for a showing PIN NUMBERS - 15111250160000 - 15111250150000 - 15111250140000 15111250130000
Full Property Details
Full Property Details for 409 Lake St
General
- Price: $620,000
- Taxes: $22,175 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11838497
- Updated: 3/29/2024
- Added to Site: 284 day(s) ago
Interior
- Flooring: Carpet, Tile, Varies
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Parking
- Parking Features: 19 to 30 Spaces
Location
- Area: Maywood
- County: Cook
- Driving Directions: 5 Ave and Lake street in Maywood, East to Address
- Location Details: South Suburban, Central Business District, Public Transport Avail, In City Limits
Heating & Cooling
- Cooling Type: Wall Sleeve, Window Unit(s)
- Heating Type: Central Building Heat
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Community Water, Municipal Water, Water to Site
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Composition
- Sub-Flooring: Carpet, Tile, Varies
- Stories/Levels: 3
- Square Feet: 2,000
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 1960
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 9,012
- Lot Dimensions: 137.62 x 88.51 x 139.11 x 47.41
- Frontage: City Street, Public Road, State Road, Township Road
- Potential Use: Commercial, Retail
- Zoning: COMMR
Financial Considerations
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1960
- Tax Amount: $22,175
- Tax Year: 2021
- Tenant Pays: Electricity, Varies by Tenant
Disclosures and Reports
- Property ID: 15111250160000
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Schools
Schools serving 409 Lake St
School Districts:Maywood-Melrose Park-Broadview 89, Proviso Township Hsd 209
Rating | Name | Grades | Distance |
---|---|---|---|
811 Chicago Ave, Maywood, IL 60153 | PK-8 | 0.4 mi | |
1630 N 20th Ave, Melrose Park, IL 60160 | 6-8 | 1.4 mi | |
807 S 1st Ave, Maywood, IL 60153 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 409 Lake St
Date
Details
Price
Change
Source
7/20/2023
Listed
$620,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 409 Lake St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$9,531
—
$16,929
—
2021
$9,570
3%
$16,929
—
2020
$9,330
-3%
$16,929
12%
2019
$9,573
3%
$15,152
—
2018
$9,313
3%
$15,152
—
2017
$9,000
33%
$15,152
39%
2016
$6,787
7%
$10,929
—
2015
$6,327
9%
$10,929
—
2014
$5,786
597%
$10,929
537%
2013
$830
-85%
$1,715
-86%
2012
$5,472
—
$11,845
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 409 Lake St
409 Lake Street, Maywood, IL 60153 (MLS# 11838497) is a Commercial property. 409 Lake Street is currently listed for $620,000 and was received on July 20, 2023. Want to learn more about 409 Lake Street? 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.