Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1118 S 7Th Ave Maywood, IL 60153

    Sponsored
    For Sale
    $409,900

    MULTI_FAMILY - Maywood, IL

    Lot size:
    0.16 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 25 at 5:06 pm

    Property Features for 1118 S 7Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 4, Basement, Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 1
    Bedrooms
    6
    Bathrooms
    4
    APN
    15141090160000
    Basement
    Finished, Full
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1898
    Building materials
    Stucco
    Roof type
    Shake

    We can help!

    Listing Contact
    Tameka Lewis-Madkins

    Keller Williams Preferred Realty (708) 798-1111

    Listing agent Tameka Lewis-Madkins (847) 445-0542

    Listing date Feb 14, 2026

    MLS# 12535007 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Maywood Multifamily Townhome For Sale

    This two-story multifamily townhome features two side-by-side units, each with 3 bedrooms and 2 bathrooms. The units offer hardwood floors, living and dining rooms, and a full, finished basement. Central AC and in-unit laundry are included, along with stainless steel appliances. Each unit also features a huge fenced backyard and a charming front porch. The property is move-in ready and located near schools, shopping, and public transportation, with convenient access to the expressway and downtown. This is a turn-key opportunity with rental income potential. The property is located in Maywood, IL, and sits on a lot of 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rod Outs Plumbing Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maywood
    County
    Cook
    State
    Illinois
    Longitude
    -87.841576
    Latitude
    41.877248

    Nearby Similar for Sale

    • $559,000
      0.57 Acres

      Maywood Car Wash For Sale

      Updated self-service car wash facility on a busy traffic corridor.
      801 W Roosevelt Rd, Maywood, IL 60153
      View Details
    • $450,000
      1.41 Acres

      Maywood Commercial Property For Sale

      Large lot with existing structure and ample parking.
      615 S 5Th Ave, Maywood, IL 60153
      View Details
    • $80,000
      0.06 Acres

      Maywood Commercial Opportunity For Sale

      Commercial property in Maywood, ideal for auto repair business.
      512 Lake St, Maywood, IL 60153
      View Details
    • $220,000
      0.08 Acres

      Updated Storefront in Maywood, IL

      City-approved, updated storefront ideal for salon, studio, or small business.
      1209 S 5Th Ave, Maywood, IL 60153
      View Details
    • $2,425,000
      0.48 Acres

      Truck Repair Facility with Store

      Maywood truck repair facility with adjacent convenience store for sale.
      1310 S 4Th Ave, Maywood, IL 60153
      View Details
    • $239,900

      Classic Maywood Two-Flat Opportunity

      Two-unit property with renovation potential for investors or homeowners.
      1110 S 4Th Ave, Maywood, IL 60153
      View Details
    • $185,000

      Maywood Two-Unit Property with Garage

      Two-unit property in Maywood, Illinois, with two-car garage.
      136 S 10Th Ave, Maywood, IL 60153
      View Details
    • $270,000

      Maywood Multifamily Investment Opportunity

      Five-unit building with coach house and large courtyard.
      1718 S 6Th Ave, Maywood, IL 60153
      View Details
    • $200,000
      Pending

      Maywood Mixed-Use Property For Sale

      Mixed-use property with retail space and a three-bedroom apartment.
      1310 5Th Ave S, Maywood, IL 60153
      View Details
    • $999,900
      3,200 SF

      Maywood Commercial Building For Sale

      3,200 SF commercial building in Maywood, Illinois, zoned C-3.
      1119 Roosevelt Rd, Maywood, IL 60153
      View Details
    • Contact for pricing
      8,642 SF

      Maywood Auto Repair Shop Opportunity

      Auto repair shop in walkable neighborhood, user or investor opportunity.
      401 Main St, Maywood, IL 60153
      View Details
    • $2,425,000
      12,000 SF

      Maywood Truck Repair Facility

      Massive truck repair facility and adjacent convenience store for sale.
      1318 S 4Th Ave, Maywood, IL 60153
      View Details

    FAQs

    What type of property is this?
    Duplex - Two 3-bed, 2-bath units with rental income potential.
    Where is this duplex located?
    The property is located at 1118 S 7Th Ave Maywood, IL.
    What is the asking price?
    The asking price for this property is $409,900.
    What are key features of this property?
    This property features: - Live in one unit, rent out the other for immediate income.; - Two 3 bed, 2 bath units in one townhome.; - Each unit features a full, finished basement.
    (847) 445-0542
    Request Owner's contact information
    1118 S 7Th Ave Maywood, IL 60153
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1118 S 7Th Ave
    Maywood, IL 60153
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1118 S 7Th Ave Maywood, IL 60153
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tameka Lewis-Madkins
    Real Estate License ID: 475167275
    (847) 445-0542 (708) 798-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.