4501 W Maypole Avenue Chicago, IL $ 1,349,000
4501 W Maypole Avenue
$ 1,349,000
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4501 W Maypole Avenue

Chicago, IL, 60624
$ 1,349,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 8,416

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Multi-Family Home for sale in Chicago, IL

for $1,349,000 with 2 bedrooms. This home was built in 1924 on a lot size of 0.14.

This is the kind of opportunity serious investors wait for. 4501 W Maypole Ave is a 13-unit multifamily building that underwent a top-to-bottom renovation in 2023-everything from mechanicals to interiors was rebuilt or replaced, transforming this asset into a modern, low-maintenance cash-flow generator. The building combines the durability of solid construction with the appeal of contemporary finishes, positioning it perfectly for long-term appreciation and tenant satisfaction. With six spacious 2-bedroom units and seven efficient 1-bedrooms, the property delivers steady occupancy and broad market appeal. The recent rehab ensures reduced maintenance expenses, stable operations, and strong rent potential from day one. Located in a fast-developing corridor of Chicago, surrounded by public transit, amenities, and community investment, this building checks every box for investors seeking performance and peace of mind. Whether you're scaling your portfolio or securing a long-term, stabilized asset, this one stands out. Turnkey. Fully rehabbed. High demand.

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Multi-Family Active

Price

$ 1,349,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 19,701

Style

Multi-Family

Lot Size

0.14

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12348262

Features
General
Cooling None
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1924
Electric Separate Meters
Tenant Pays Electricity Heat
Stories Count 3
Tax Year 2023
Current Use Multi-Family
Gross Income 185192
County Cook
Net Operating Income 124392
Operating Expense 60800
Insurance Expense 7733
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 10800
Possible Use Multi-Family
Status Active
Directions Take I-290 to W Congress Pkwy. Take exit 25 from I-290 W. Take exit 25 toward Kostner Ave/4400 W. Take S Kostner Ave and N Kilbourn Ave to W Maypole Ave
City Chicago
Number Of Units Total 13
MLS Area CHI - West Garfield Park
Tax Annual Amount 19701.91
Electric Expense 1500
Fuel Expense 9400
Trash Expense 1200
Water Sewer Expense 7100
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.89
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 6375
Lot Size Acres 0.14
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* Excluded Features
List By
Chicagoland Brokers, Inc.

Broker

marcuscarter.realtor@gmail.com

Email

Affordability Calculator

$10,058
Per Month
84%
16%
0%
Monthly Principal & Interest
$8,416
Monthly Property Taxes
$1,642
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2025$1,349,000 -3.57% Price Down
4/28/2025$1,399,000 Listed Price

Map


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4501 W Maypole Avenue, Chicago, IL, 60624 is a Multi-Family Home for sale at $1,349,000 with a lot size of 0.14. 4501 W Maypole Avenue has 2 bedrooms, 0.0 baths, and was built in 1924. The property's zip code is 60624 which is in Chicago, IL