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$ 1,449,000
Est. payment | /mo
6,098 Sqft Lot
$ 1,449,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12719892
Maintenance Fees $10,800
Year Built 1924
Annual Tax Amount $28,533
Tax Year 2024
Lot Size 6,098 Sqft
Lot Dimensions 6375
Property Sub-Type Multi Family 5+
Property 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.
Location
State IL
County Cook
Area Chi - West Garfield Park
Zoning MULTI
Rooms
Basement Partially Finished
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Marcus Carter of Chicagoland Brokers, Inc.
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