820 Lake St
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820 Lake St
0.22 Acres of Commercial Land Offered at $39,000 in Maywood, IL 60153
Executive Summary
Lots of opportunity where Melrose Park meets Maywood.
This property is being offered for sale by the Cook County Land Bank Authority https://www.cookcountylandbank.org/.
This is not a traditional sale.
Differences:
You must apply on the CCLBA Website prior to touring property.
You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens.
Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation.
You will need a contractor’s estimate to bring property to occupancy permit.
You will need a letter or email of support from the Village or City.
You will need to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss.
Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing.
Buyers pay their own brokers directly.
Similarities:
I am here to help you navigate through the process.
This property is being offered for sale by the Cook County Land Bank Authority https://www.cookcountylandbank.org/.
This is not a traditional sale.
Differences:
You must apply on the CCLBA Website prior to touring property.
You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens.
Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation.
You will need a contractor’s estimate to bring property to occupancy permit.
You will need a letter or email of support from the Village or City.
You will need to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss.
Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing.
Buyers pay their own brokers directly.
Similarities:
I am here to help you navigate through the process.
Property Facts
| Price | $39,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | High Vacancy Property | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.22 AC |
| Price | $39,000 |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.22 AC |
1 Lot Available
Lot
| Price | $39,000 | Lot Size | 0.22 AC |
| Price Per AC | $177,273 |
| Price | $39,000 |
| Price Per AC | $177,273 |
| Lot Size | 0.22 AC |
Entrance to Maywood
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $258,380 | |
| Land Assessment | $95,980 | Total Assessment | $354,360 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$95,980
Improvements Assessment
$258,380
Total Assessment
$354,360
zoning
| Zoning Code | M-1 |
| M-1 |
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820 Lake St
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