409 Lake St

Maywood, IL 60153

$620,000
Price
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Listed By @properties
Listed By @properties
a view of a building with sitting area
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Description

401 - 409 Lake Street, Commercial mixed-use building with great masonry in Maywood. (Good little money maker here.) Building is Approx 2,000 SQ FT, Land is 9,012.90 SQ FT. The property includes a 3-story commercial mixed-use building, a parking lot, a small 600 SQ FT (Approx) brick commercial building and plenty of additional land for potential commercial development. Features a first-floor retail showroom that is currently built out as a tire repair shop and two residential units. Paved side and...401 - 409 Lake Street, Commercial mixed-use building with great masonry in Maywood. (Good little money maker here.) Building is Approx 2,000 SQ FT, Land is 9,012.90 SQ FT. The property includes a 3-story commercial mixed-use building, a parking lot, a small 600 SQ FT (Approx) brick commercial building and plenty of additional land for potential commercial development. Features a first-floor retail showroom that is currently built out as a tire repair shop and two residential units. Paved side and rear-drive loading area and parking for about 20-plus cars. The tire shop pays $1,000 a month and has a 10-year lease, the 2nd floor apt is a 2 bed 1 bath with a lease that started on Sept 1,2022 and pays $1,150 per month. The 3rd-floor 1 bed 1 bath tenant pays $850 a month. Zoning is C-2 Pedestrian-Oriented Commercial, walking distance to the Maywood Metra stop and close to area expressways. This great property provides the perfect opportunity for an Investor, Developer or end user to acquire a boutique mixed-use building and more, right in the heart of the vibrant Maywood shopping district neighborhood. 9,400 Vehicles pass this location a day (VPD), and it is just east of the bustling Intersection of 5th and Lake street. This is an atypical chance to purchase a truly remarkable underutilized property with tremendous upside in rental potential or development. Area retailers and restaurants include - Walgreens, Taqueria El Duranguito, Maywood Express, Legends Grill and Music venue, Panaderia Puebla. Ownership will listen to all reasonable offers, do not bother tenant. Please call listing agent for a showing PIN NUMBERS - 15111250160000 - 15111250150000 - 15111250140000 15111250130000
  1. Listed by Michael Levin • @properties Christie’s International Real Estate
    P: (847)-977-5389 mikelevin@atproperties.com
  2. Listed by Kevin Rocio • @properties Christie’s International Real Estate
    P: (312)-972-4381 kjrocio@atproperties.com

Property Details for 409 Lake Street

Area
Maywood
Air Conditioning Type
Wall Sleeve, Window Unit(s)
Zoning
COMMR
LISTING UPDATED: 12/31/2025 11:28 AM

Property Details for 409 Lake Street

StatusActive
MLS #11838497
Days on Market925
Taxes$12,197 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1960
Lot Size0.21 AC / 9,012 SF
CountyCook County

Location

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Building Information for 409 Lake Street

Stories3Residences3Year Built1960Lot Size0.21 AC / 9,012 SF

Payment Calculator

$4,038 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,022

Property Taxes

$1,016

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 409 Lake Street

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Frontage Type: City Street, Public Road, State Road, Township Road
  • Geographic Locale: South Suburban
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Flooring: Carpet, Tile, Varies
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Utilities / Equipment
  • Water: Community Water, Municipal Water
  • Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Property/Lot Information
  • Tenant Pays: Electricity, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 137.62 X 88.51 X 139.11 X 47.41
  • Lot Size Square Feet: 9012.0
  • Stories: 3
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 2000
  • # Of Offices: 0
  • Retail SqFt: 900
  • # Of Stores: 1
Property and Assessments
  • Possible Use: Commercial, Retail
  • Buyer Financing: Conventional
  • Public Document Count: 1
  • Document Date: 2023-07-12T16:32:25
  • Photos Count: 10
Miscellaneous
  • Current Use: Commercial, Automotive
  • Location: Central Business District,Public Transport Avail,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $36,000.00
  • Gross Scheduled Income: $36,000.00
  • Insurance Expense: $.00
  • Total Monthly Income: 3000
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 409 Lake Street

DateEvent & SourcePriceAppreciation
Jul 20, 2023

Listed (Active)

MRED #11838497

$620,000—
Dec 20, 2005

Sold (Public Record)

Public Record #172609750

$86,500—
Oct 26, 2005

Sold (Public Record)

Public Record #192589591

$86,500—
DateEvent & SourcePrice
07/20/2023

Listed (Active)

MRED #11838497

$620,000
12/20/2005

Sold (Public Record)

Public Record #172609750

$86,500
10/26/2005

Sold (Public Record)

Public Record #192589591

$86,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 409 Lake Street

Taxable ValueLand$8,120Additions$455Total$8,575
Tax Record2023$3,695 ($308 / month)
Home Facts
Lot Size2,320 SqFtStyleMiscellaneous CommercialYear Built1960CountyCOOKAPN15-11-125-014

Schools near 409 Lake Street

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - PK to 5
Stevenson Middle School
Public - 6 to 8
Proviso East High School
Public - 9 to 12
Proviso Math And Science Academy
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

Stevenson Middle School
Public6 to 8

Proviso East High School
Public9 to 12

Proviso Math And Science Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 409 Lake Street, Maywood, IL 60153

409 Lake Street is a mixed use property for sale in Maywood, IL 60153. This property was listed for sale on July 20, 2023 by Compass, it's currently listed at $620,000. It has been on the market for a total of 925 days and was last sold on December 20, 2005. This listing's school districts are Maywood-Melrose Park-Broadview 89, Proviso Twp Hsd 209 School District. Nearby schools include Lincoln Elementary School, Stevenson Middle School and Proviso East High School. 409 Lake Street is a 0-bed, 0-bath, mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/31/2025 11:28 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.