4501 W Maypole Avenue
Chicago, IL 60624

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Description

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.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60624
• Year Built: 1924
• Stories: 3
• Units: 13 units
• Lot Size: 6098 sq ft lot
• Zoning: MULTI
• # Of Dishwashers: 12
• # Of Dryers: 12
• # Of Ranges: 13
• # Of Refrigs: 13
• # Of Washers: 12
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 8.89
• Construction Materials: Brick
• 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
• Electric: Separate Meters
• Electric Expense: 1500
• Expense Year: 2024
• Foundation Details: Concrete Perimeter
• Fuel Expense: 9400
• Gross Income: 185192
• Gross Rent Multiplier: 7.55
• Gross Scheduled Income: 185192
• Heat/Ventilation: Central Bldg Heat, Radiators
• Information: Standard
• Insurance Expense: 7733
• Janitor Expense: 3600
• Main Type: Commercial Sale
• Maintenance Expense: 10800
• Operating Expense: 60800
• Tax Annual Amount: 19701.91
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 15491
• Trash Expense: 1200
• Type Multi-Family: Corridor-Exterior Entrance
• Water Sewer Expense: 7100