Address
400 Lake Street, Maywood, IL
Price
$ 649,000
Property Attributes
  • MLS#12018309
  • TypeCommercial
  • CountyCOOK
  • CityMaywood
  • AreaMaywood
  • NeighborhoodDowntown
  • Zip60153
  • Style
  • Year Built1980
  • Taxes$ 42762
  • Price$ 649,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5325
  • Lot Size0.307048 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Fantastic opportunity and priced to sell! This commercial property contains 4 units which are occupied by 2 businesses, a local taqueria and laundromat. Both businesses have been remodeled recently and have leases for 15 years (laundromat) and 10 years (taqueria). Located in a great area that gets lots of people and traffic. This is an amazing property to own and get passive income!

Price History
4/12/2024 Listed $649,000

General Features

Cooling Central Individual
Possession Closing
Zoning COMMR
Year Built 1980
Electric Circuit Breakers,Separate Meters
Tenant Pays Air Conditioning,Electricity,Heat,Varies by Tenant
Stories 1
Property SubType Shopping Center,Strip Center
Tax Year 2022
Gross Income 102960
County Cook
Net Operating Income 54129
Operating Expense 72828
Property Type Commercial Sale
Status Active
Directions Lake St between 5th ave and River Rd in Maywood
City Maywood
Total Units 2
MLS Area Maywood
Lot Size Square Feet 13375
Street Name Lake
Tax Annual Amount 42762
Additional Parcels Y/N No
Leasable Area 5325
Virtual Tour https://tours.vht.com/BWI/T434302645/nobranding
Days on Market 6
Standard Status Active
Property Type Retail/Stores

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 5325
Lot Dimensions PER SURVEY

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60153

Price
AVG $420K
$650K
Taxes
AVG $30,444
$42,762
Visits
AVG 140
35
Data Provided by Inside Real Estate®
Year Built
AVG 1946
1980

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