4501 W Maypole Avenue,Chicago, IL 60624
Chicago, IL 60624
Description
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.
Details
| MLS # | 12787087 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 22 |
| Listing Provided By | Chicagoland Brokers, Inc. | Marcus Carter |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 13 |
| Zoning | MULTI |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick |
Utilities
| Electric | Separate Meters |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 28533.54 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60624 |
| Area | CHI West Garfield Park |
| Listing VS Median (in 60624) | |
Price: $1,599,900 low | high Med: $130,000 On site: 22 low | high Med: 123.5 | |
Market Activity 60624
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60624 |
| Area | CHI West Garfield Park |
| Listing VS Median (in 60624) | |
Price: $1,599,900 low | high Med: $130,000 On site: 22 low | high Med: 123.5 | |
