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    612 Lake St Maywood, IL 60153

    For Sale
    $375,000

    Prime Maywood location, bakery & 3-bed apartment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property at 612 Lake Street in Maywood, Illinois, presents a unique investment opportunity. The building offers a ground-floor commercial space currently operating as a successful bakery, providing immediate income potential. The spacious layout is ideal for continued bakery operations or adaptation to other food service businesses. Upstairs, a charming and sizable three-bedroom, one-bathroom apartment offers comfortable living quarters, perfect for owner occupancy or rental income generation. The apartment boasts ample living space, creating a desirable residential component to this versatile property. Two convenient off-street parking spaces are located at the rear of the building, a valuable asset in a bustling urban setting. This property enjoys a highly desirable location, close to the heart of downtown Maywood, providing easy access to a wealth of amenities. Nearby shopping centers, schools, hospitals, and public transportation ensure convenience and accessibility for both commercial and residential occupants. This is a rare chance to acquire a well-situated mixed-use property with established income potential and significant upside. The combination of commercial and residential spaces makes this an attractive investment for those seeking a diversified portfolio or a hands-on ownership experience. The property is priced at $375,000. Don't miss this chance to own a piece of Maywood's vibrant community.

    Property Features for 612 Lake St

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1918
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Maywood
    County
    Cook
    State
    Illinois
    Longitude
    -87.84122
    Latitude
    41.88996

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Maywood location, bakery & 3-bed apartment.
    Where is this mixed-use property located?
    The property is located at 612 Lake St Maywood, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    (847) 541-5000
    Request Owner's contact information
    612 Lake St Maywood, IL 60153
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    Maywood, IL 60153
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    Realmo Value Estimation

    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.

    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.

    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
    612 Lake St Maywood, IL 60153
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