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Listing provided courtesy of Better Homes & Gardens Real Estate ConnectionsMREDas Distributed by MLSGrid- MLS# 12690360MLS Provider

421 LAKE StreetMaywood, IL 60153

Commercial · 7,739 Sq. ft.
$1,050,000 New

421 LAKE Street Overview

Time on Site:
1 day
Visits:
0

Presenting a rare 9,388 SF two-story mixed-use commercial building zoned C-2 Pedestrian-Oriented Commercial, strategically positioned along a high-visibility corridor with exceptional foot and vehicle traffic. Located on a bustling thoroughfare serviced by bus stops on both the commercial and residential sides, this property delivers the kind of accessibility and exposure that drives consistent tenant demand and long-term value.Key Highlights 12 fully renovated residential units on the second floor, all currently leased, providing immediate and steady rental income 4 ground-floor commercial units leased to a vibrant tenant mix including a restaurant, salon, and retail businesses 1,500+ SF of private rear industrial-style space currently used as an automotive warehouse, ideal for storage, light industrial use, or additional rental income. Surrounded by thriving local businesses with strong car counts and pedestrian flow. 2024 Property Taxes: $82,804. This is a fully performing, income-generating asset in a prime transit-oriented location, turnkey for the investor looking for diversified revenue streams under one roof.

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421 LAKE Street Facts & Features

  • Type Commercial
  • Sq. ft. 7,739
  • Price/Sq.ft. $136

Details

General

Income/Expenses

  • Other Expense: 3600
  • Electric Expense: 2880
  • Fuel Expense: 7560
  • Gross Income: 241800
  • Gross Scheduled Income: 241800
  • Insurance Expense: 13104
  • Net Operating Income: 138556
  • Operating Expense: 126264
  • Trash Expense: 4600
  • Water Sewer Expense: 7800

Building Information

  • Year Built: 1962

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Maywood

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $82,804.00
  • Tax Year: 2024

General Information

  • Parcel Number: 15111250050000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 7739

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 110X140
  • Lot Size Square Feet: 15479

General Information

  • Number Of Units Total: 16

421 LAKE Street Neighborhood

Community

60153 (Maywood) Demographics

37
Median Age
7,791
Population Density (per sq. mile)
23%
College Educated
$56,623
Estimated Median Income
4,780
Estimated Total Home Owners
2,854
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

421 LAKE Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

421 LAKE Street Market Data

Based on the last 30 days in this zip code

$315,257
Average List Price
$188
Average Price per Square Foot
10
Properties Sold
66
Average Days on Market
73
Properties for Sale
Calculations provided by Reliance Network

421 LAKE Street History

Date Event Value Agent
6/29/2026Source: MRED Added to Database
June 29, 2026
6/29/2026Source: MRED Added to Database
June 29, 2026