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    1541 N Maplewood Ave Chicago, IL 60622

    Under Contract
    For Sale
    $450,000

    Residential Income - Chicago, IL

    Days on Market:
    16
    Last Refresh:
    Dec 11 at 11:06 pm

    Property Features for 1541 N Maplewood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Utility Room
    Bedrooms
    4
    APN
    16012050130000
    Parking
    2

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1963
    Architectural style
    Other

    Weichert, Realtors-Nickel Group (708) 848-5550 [email protected]

    Listing agent Tabitha Murphy (708) 848-5550 License #475132363

    Listing date Nov 26, 2025

    MLS# 12397398 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Two-Unit Property For Sale

    Located near West Wicker Park/Bucktown, this two-unit property offers an investment or development opportunity. Situated on a 25x125 lot, the property has potential for renovation, occupancy, rental, or redevelopment. Each unit has separate meters, electric panels, and utilities. The first-floor unit is nearly move-in ready, while the second-floor unit can be renovated. A laundry area is located at the rear of both units, and the property features storage throughout. With RS-3 zoning, the lot presents development potential for new construction or a single-family home. The property is near CTA transportation, parks, restaurants, boutiques, and nightlife. It is being sold as-is. This property is suitable for developers, investors, or buyers seeking rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6905474
    Latitude
    41.9096648

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    FAQs

    What type of property is this?
    Duplex - Two-unit property in vibrant Chicago neighborhood, ideal for renovation.
    Where is this duplex located?
    The property is located at 1541 N Maplewood Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime location near West Wicker Park/Bucktown, in a vibrant and highly desirable Chicago neighborhood.; - Excellent investment/development opportunity with RS-3 zoning, allowing for renovation, rental, redevelopment, or new construction.; - Two spacious units with separate meters, electric panels, and utilities, ideal for live-in owners or dual rentals.
    (708) 848-5550
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    1541 N Maplewood Ave Chicago, IL 60622
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    Chicago, IL 60622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1541 N Maplewood Ave Chicago, IL 60622
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