701 5th Ave Maywood, IL 60153-2008
Property profile & analytics
701 5th Ave Maywood, IL 60153-2008
- Retail residential properties
- 0.95 lot acres
Property ID
US28-4799193
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
- Glen Lerner Injury Attorneys / Law Firm
Property Details for 701 5th Ave
- Year built
- 1927
- Lot size
- 0.95 lot acres
- Property type
- Retail residential properties
- APN
- 15-11-344-001
- APU
- 1511344001
Description
This exceptional mixed-use property, located at 701 S 5th Ave in Maywood, Illinois (zip code 60153), presents a compelling investment opportunity. The building boasts a total of 41,250 square feet and comprises 26 units, offering a diverse mix of residential and commercial spaces. The residential units consist of two 2-bedroom, 2-bathroom units; four 1-bedroom, 1-bathroom units; fourteen studio units; and six commercial units. Recent capital improvements include the installation of newer windows and hot water tanks, along with updated electrical and plumbing systems, and individual furnaces in each unit. Tenant convenience is enhanced by an on-site laundry room equipped with two washers and two dryers, as well as on-site parking. The property sits on a sizable 41,250 square foot lot and benefits from a C-2 zoning designation, providing flexibility for future development or operational adjustments. The asking price is $2,150,000, representing an attractive 10.73% capitalization rate. This property offers a strong combination of income generation, updated amenities, and significant upside potential in a desirable Cook County location. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a thriving market. The property's diverse unit mix, recent upgrades, and prime location make it an ideal investment for both seasoned and emerging investors seeking substantial returns.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,170,000
- ML approach
- $2,325,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Maywood
- County
- Cook
- State
- Illinois
- Longitude
- -87.8386
- Latitude
- 41.8815
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$80,309
$33,000
$109,640
$142,640
-
$330,000
$1,096,400
$1,426,400
