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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 1,599,900

Est. payment | -/mo

6,098 Sqft Lot

Save

$ 1,599,900

Est. payment | -/mo

Save

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 12787087

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

Listed by Marcus Carter of Chicagoland Brokers, Inc.

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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4501 W Maypole AVE Chicago, IL 60624