409 Lake StMaywood, IL 60153

This Maywood, IL mixed-use property offers a compelling investment opportunity. Located at 409 Lake Street, this 2,000 square foot building sits on a 9,012 square foot lot and features two buildings, two stories, and C-2 zoning. Currently, the property boasts a 75% occupancy rate, generating income from a 10-year leased tire repair shop ($1,000/month), a two-bedroom, one-bathroom apartment ($1,150/month, leased since September 1, 2022), and a one-bedroom, one-bathroom apartment ($850/month). The property also includes a paved loading area and parking for over 20 vehicles. The building's prime location, near the Maywood Metra station and area expressways, benefits from high daily vehicle traffic (9,400 VPD) and proximity to established businesses like Walgreens and Taqueria El Duranguito. This property presents significant potential for increased rental income or redevelopment, making it an attractive option for investors and developers alike. The asking price is $620,000, with a price per square foot of $310. The property was built in 1960. Serious inquiries only