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Price cut: $140,000
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Mixed Use · Maywood, IL
$480,000$620,000
beds · baths
409 Lake Street, Maywood, IL, 60153
A brick-and-mortar place to make your own — room to make it home.
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What’s special

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
— the listing agent’s description

The home

Built in 1960
Lot 137.62 X 88.51 X 139.11 X 47.41
Mixed Use

What it’ll cost

$12,197 taxes / yr
No HOA
Listed $620,000
Now $480,000
1124 days on dwello

Estimated monthly payment

$3,708/mo
Principal & interest$2,552
Property taxes$1,016
Homeowners insurance$140
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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1124 days on dwello
Price history
Price reduced
Aug 16, 2026
↓ $140,000$480,000
Listed for sale
Jul 20, 2023
$620,000
Now $140,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$12,197/yr
Assessed value
2025
County assessor
$7,980
2024
$7,980
2023
$7,980
2022
$5,809
2021
$5,809
2020
$5,809
2019
$4,266
2018
$4,266
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Wall SleeveWindow Unit(s)Brick
Neighborhood
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MLS listing dataMRED
Listed by Michael Levin · @properties Commercial
Listing last updated Aug 16, 2026 · data refreshed from the MLS Aug 16, 2026, 5:06 AM CT
Based on information submitted to the MLS GRID as of Aug 16, 2026, 5:06 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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