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$1,050,000

  • For Sale
  • Active
  • Commercial
  • 7,739 Sq. Ft.
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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.

Full Property Details for 421 Lake St

General

  • Price: $1,050,000
  • Taxes: $82,804 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12690360
  • Updated: 8/3/2026
  • Added to Site: 71 day(s) ago

Additional Information

  • Security/Safety: Alarm on Site, Fire Extinguisher(s), Carbon Monoxide Detector(s)

Location

  • Area: Maywood
  • County: Cook
  • Driving Directions: 1st Ave North to Lake West to Address
  • Location Details: Southwest Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Heat/Individual Controls

Utilities

  • Trash: 4600

Structural Information

  • Stories/Levels: 2
  • Square Feet: 7,739
  • # of Stores: 4
  • Year Built: 1962
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 15,479
  • Lot Dimensions: 110 x 140
  • Zoning: RTAIL

Financial Considerations

  • Insurance Fee: $13,104
  • Operating Expenses: $126,264
  • Other Fee: $3,600
  • Security Deposit: Alarm On Site, Fire Extinguisher/s, Carbon Monoxide Detector(s)
  • Assessment Year: 1962
  • Tax Amount: $82,804
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Pays Electric: 2880
  • Pays Trash: 4600

Disclosures and Reports

  • Property ID: 15111250050000

Listed by Better Homes & Gardens Real Estate Connections

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— 421 Lake St —

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Schools serving 421 Lake St

School Districts:Maywood-Melrose Park-Broadview School District 89, Proviso Township High School District 209
NameGradesDistance
Lincoln Elementary School, Maywood, IL
811 Chicago Avenue, Maywood, IL 60153
PK-50.4 mi
Stevenson Middle School
1630 North 20th Avenue, Melrose Park, IL 60160
6-81.4 mi
Proviso East High School
807 South 1st Avenue, Maywood, IL 60153
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 421 Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/27/2026
Listed
$1,050,000
300%
MLS
9/30/2020
Sold
$262,500
—
Public Record
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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 for 421 Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$82,805
-19%
$109,700
-54%
2023
$101,700
146%
$236,046
222%
2022
$41,270
—
$73,302
—
2021
$41,437
-37%
$73,302
-38%
2020
$65,552
217%
$118,939
253%
2018
$20,701
-62%
$33,679
-61%
2019
$54,363
123%
$86,043
109%
2017
$24,405
19%
$41,086
24%
2016
$20,568
-25%
$33,120
-30%
2015
$27,349
-39%
$47,244
-44%
2014
$44,603
13%
$84,254
3%
2013
$39,495
3%
$81,652
-2%
2012
$38,482
—
$83,300
—
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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421 Lake Street, Maywood, IL 60153 (MLS# 12690360) is a Commercial property. 421 Lake Street is currently listed for $1,050,000 and was received on June 27, 2026. Want to learn more about 421 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.

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