Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Maywood, IL Land For Sale Title is generated by Realmo AI

    1600 Madison Street, Maywood, IL 60153

    View on Map
    Claim this Listing
    Pending
    $360,000

    MULTI_FAMILY - Maywood, IL

    Lot size:
    0.10 Acres
    Added:
    May 28, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 1600 Madison Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    8
    Bathrooms
    3
    Rooms
    Bedroom 6, Bedroom 8, Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 7
    Parking
    3
    Parking features
    Owned
    Basement
    Finished, Full
    Standard status
    Pending
    APN
    15152000110000
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    15879

    Utilities

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

    Building Details

    Year built
    1968
    Building materials
    Brick

    We can help!

    Listing Contact
    Ursula Foley
    Ursula Foley

    Listing agent Ursula Foley License #471018085

    Listing office Foley Properties Inc 1307 Brookline Ct, Naperville, IL

    Listing date May 28, 2026

    MLS# 12661057 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.

    HighLights

    • Brick construction
    • Year built: 1968
    • Heating: natural gas forced air
    • Utilities: public water and public sewer
    • Parking: owned
    • Room layout includes 8 bedrooms and 3 bathrooms plus a basement

    Overview

    This commercial land is available for sale in Maywood, Illinois. The lot size is approximately 0.1 acres. The property is zoned for multi-family use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Maywood
    County
    Cook
    State
    Illinois
    Longitude
    -87.852583
    Latitude
    41.878398

    Nearby Similar for Sale

    • $559,000

      Maywood Car Wash For Sale

      Updated car wash facility on busy Roosevelt Road corridor.
      801 W Roosevelt Road, Maywood, IL 60153
      View Details
    • $109,900
      1,800 SF

      Maywood Multifamily Property For Sale

      Two-unit property in Maywood, Illinois, with income potential.
      1007 S 1ST Avenue, Maywood, IL 60153
      View Details
    • $399,900

      Maywood, IL Multi-Family Property

      Multi-family property for sale in Maywood, Illinois.
      1118 S 7th Avenue, Maywood, IL 60153
      View Details
    • $139,900

      Mixed-Use Building on St. Charles

      Mixed-use building with high visibility and street parking.
      1222 Saint Charles Road, Maywood, IL 60153
      View Details
    • $264,999

      Maywood Multifamily Investment Opportunity

      Five-unit building with coach house, rehab potential, and ample parking.
      1718 S 6th Avenue, Maywood, IL 60153
      View Details
    • $620,000
      2,000 SF

      Maywood Mixed-Use Commercial Building

      Mixed-use building with development potential in Maywood shopping district.
      409 Lake Street, Maywood, IL 60153
      View Details
    • $220,000

      Updated Storefront in Maywood, IL

      City-approved, updated storefront suitable for salon, studio, or small business.
      1209 S 5th Avenue, 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 Road, Maywood, IL 60153,
      View Details
    • Contact for pricing

      Occupied Multifamily Property

      For sale multifamily property sold occupied, with auction requirements and buyer-premium terms to review.
      1016 S 14th Avenue, 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
      View Details
    • $220,000
      800 SF

      Updated Storefront in Maywood

      City-approved, updated storefront ideal for salon, studio, or business.
      1209 S 5th Avenue, Maywood, IL 60153
      View Details
    • Contact for pricing
      49,000 SF

      Industrial Property with Recycling Permits

      6 acres with 49,000 SF buildings and recycling permits.
      2100 Madison St, Maywood, IL 60153
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available in Maywood, Illinois.
    Where is this commercial land located?
    The property is located at 1600 Madison Street Maywood, IL.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Brick construction; Year built: 1968; Heating: natural gas forced air
    (630) 635-3000
    We can help!
    Listing Contact
    Ursula Foley
    Ursula Foley
    Real Estate License ID: 471018085
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1600 Madison Street, Maywood, IL 60153
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!