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517 S 9th Avenue Maywood, IL 60153 Commercial - Business Active

  • 517 S 9th Avenue, Maywood, IL 60153 Main Photo

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Description

Exceptional mixed-use investment opportunity featuring a two-unit residential building (both units currently leased, one is a 2 bed 1 bath and the other is a 3 bed 1 bath) plus an automotive/body shop! Extensively renovated from the studs between 2022-2023, this property was improved for long-term ownership with a significant investment throughout. Renovations include new framing, drywall, electrical, plumbing, HVAC systems, furnaces, A/C units, tankless water heaters, electrical panels, hardwood flooring, windows, doors, siding, roof, balcony, concrete and additional exterior improvements. Additional attic storage provides even more usable space. The automotive/body shop was also extensively renovated in 2022-2023 and features updated HVAC, plumbing and electrical including new electrical panel, bathroom, kitchenette/storage area, front desk/reception area and security system. Valuable shop equipment is included with the sale, including the automotive frame rack/frame straightening system and Clean Shop automotive paint/prep filtration station, offering a great opportunity for an owner-operator or investor. A unique opportunity to acquire a substantially improved mixed-use property offering both residential income potential and commercial automotive space. Don't miss the opportunity to own this versatile income-producing investment. Schedule your private showing today!

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1903

General Information

County: Cook
Listed By:
Midwest SignatureProperties Co 708-979-5303
MRED MLS
$599,999
Est. $4,044/mo
Active
SQUARE FEET1,520 MLS#12743905
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors

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517 S 9th Avenue, Maywood, IL 60153.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $599,999$599,999$599,999
Down Payment $120,000$21,000$150,000
Monthly Mortgage Amount $3,034$3,724$3,767
Taxes $835$835$835
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$264$0
Monthly Estimated Total $4,044$4,998$4,777

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