Property Overview
Interra Realty has been exclusively engaged to market for sale the mixed-use asset located at 1426 S. 5th Avenue in Maywood, IL. The subject investment opportunity consists of twenty one (21) apartments and four (4) retail spaces. The property is well-located in Maywood on 5th Avenue a few blocks South of
Madison Street. The building is close to Proviso East High School, Garfield Elementary School, and PAEC Elementary School. Additionally, transportation options are convenient with I-290 nearby.
The unit mix includes (2) studio units, (9) one bed / one bath units, (10) two bed / one bath units, and (4) retail spaces. The units have porches in the rear and are heated via boiler and cooled with individual A/C units. Recent capital improvements consist of new central boiler, new windows throughout, updated
800 AMP electric service with new panels in each unit and a fire monitoring system in the property.
Qualified investors have the opportunity to acquire an improved mixed-use asset with future upside potential.
Highlights
- Well-maintained Mixed Use Asset
- Below Market Rents and Ability to Raise As-Is
- Many Recent Capital Improvements – Electrical Service, Windows, Boiler &
- Fire Monitoring System
- Ability to Acquire Scale within Near Western Suburb
