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    OFF-MARKET
    Residential income homes

    612 Lk St, Maywood, IL 60153-1323

    3,320 SF 0.08 ac lot Built 1918
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US28-2461958
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1918
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,320 SF
    Lot 0.08 ac (3,321 SF)
    APN 15-11-134-002
    UPID US28-2461958
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    PROVISO 6448 MAYWOOD
    PROVISO 6448 MAYWOOD
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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