Description
Incredible Investment & Business Opportunity - Income-Producing Mixed-Use Property! Turn your entrepreneurial vision into reality while generating immediate rental income from this exceptional mixed-use building. Situated on a 39' x 125' lot, this property offers the perfect combination of a high-visibility commercial space and four fully occupied residential apartments-creating multiple streams of income from day one. The 3,600 sq. ft. double storefront on the main level is a blank canvas for your next venture. Whether you envision a restaurant, cafe, convenience store, grocery/food mart, retail showroom, medical office, gaming center, or another thriving business, this expansive space offers endless possibilities. Prefer a passive investment? Lease the storefront and generate an additional $3,600 per month in rental income. Upstairs, the second floor features four fully rented apartments, providing consistent cash flow: One spacious 3-bedroom unit currently rented for $1,400/month to a long-term tenant, with room for future rent increases. Two 2-bedroom units, each rented for $1,400/month. One studio apartment rented for $1,000/month. Tenants pay all utilities except water, helping keep operating expenses low and maximizing your return. The opportunities continue with a 3,600 sq. ft. full basement, ideal for storage, inventory, additional business operations, workshop space, or future value-added possibilities. This rare mixed-use property offers excellent cash flow, tremendous upside, and outstanding long-term investment potential.
Details
| MLS # | 12708317 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1883 |
| Days On Site | 114 |
| Listing Provided By | Core Realty & Investments Inc. | Tessy Vallikalam |
Features
| Story(s) | 2 |
|---|---|
| Units | 5 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 17748 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Maywood |
| Zip Code | 60153 |
| Area | Maywood |
| Listing VS Median (in 60153) | |
Price: $584,000 low | high Med: $299,950 On site: 114 low | high Med: 74.5 | |
Market Activity 60153
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Maywood |
| Zip Code | 60153 |
| Area | Maywood |
| Listing VS Median (in 60153) | |
Price: $584,000 low | high Med: $299,950 On site: 114 low | high Med: 74.5 | |