4501 W Maypole Avenue Chicago, IL $ 1,449,000
4501 W Maypole Avenue
$ 1,449,000
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4501 W Maypole Avenue

Chicago, IL, 60624
$ 1,449,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 9,149

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Multi-Family Home for sale in Chicago, IL

for $1,449,000 with 3 bedrooms. This home was built in 1924 on a lot size of 0.14.

This is the kind of opportunity serious multifamily investors wait for. 4501 W Maypole Ave is a 13-unit apartment building that benefited from a comprehensive renovation in 2023, with major improvements made throughout the property, including the mechanical systems and apartment interiors. The result is a well-maintained, stabilized asset with modern finishes, reduced capital expenditure needs, and strong long-term investment appeal. The building offers an attractive unit mix of six 2-bedroom apartments and six 1-bedroom apartments, along with a seventh 1-bedroom unit that, to the seller's knowledge, presents a value-add opportunity for the next owner. Whether through optimization or further evaluation, it provides potential upside beyond the property's existing income stream. Current rents are below prevailing market rates for comparable renovated units in the area, providing investors with a clear opportunity to increase revenue over time as leases expire and units naturally turn over. Located in a rapidly evolving West Side neighborhood with convenient access to public transportation, expressways, and everyday amenities, this property is well positioned to benefit from continued neighborhood investment. For investors seeking a quality multifamily asset with stable cash flow, meaningful upside, and long-term appreciation potential, 4501 W Maypole Ave is a compelling addition to any portfolio.

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Multi-Family Active

Price

$ 1,449,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 28,533

Style

Multi-Family

Lot Size

0.14

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12719892

Features
General
Cooling None
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1924
Electric Separate Meters
Tenant Pays Electricity
Stories Count 3
Tax Year 2024
Current Use Multi-Family
Gross Income 185192
County Cook
Net Operating Income 119765
Operating Expense 65427
Insurance Expense 7733
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 10800
Possible Use Multi-Family
Status New
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 28533.54
Electric Expense 3360
Fuel Expense 7800
Trash Expense 1200
Water Sewer Expense 6000
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Partially Finished
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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

$11,527
Per Month
79%
21%
0%
Monthly Principal & Interest
$9,149
Monthly Property Taxes
$2,378
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/30/2026$1,449,000 Listed Price

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4501 W Maypole Avenue, Chicago, IL, 60624 is a Multi-Family Home for sale at $1,449,000 with a lot size of 0.14. 4501 W Maypole Avenue has 3 bedrooms, 0.0 baths, and was built in 1924. The property's zip code is 60624 which is in Chicago, IL