Renovated 13-Unit Apartment
For Sale
$1,449,000
4501 W Maypole Avenue, Chicago, IL 60624
Updated apartment interiors and mechanical systems support a modern multifamily property with convenient transportation access.
Property SizeContact for details
Days on Market12
Property Features for 4501 W Maypole Avenue
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 2BR, 7 x 1BR
Multifamily Units
13
Taxes and HOA fees
Annual Taxes
$28,533
Building Details
Year Built
1924
Year Renovated
2023
Buildings
1
Listing Agency:
Chicagoland Brokers, Inc.
(773) 745-1000
Listed By:
Marcus Carter · License #475166498
Source:
Harkinsandassociates
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 9 at 11:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicagoland Brokers, Inc.
Investment Insights
Based on property information with market context.
Built in 1924, this 13-unit apartment building received substantial renovation work in 2023, including upgrades to the mechanical systems and apartment interiors. The unit mix includes six 2-bedroom apartments and seven 1-bedroom apartments, with modern finishes incorporated throughout the renovated units. One 1-bedroom apartment is identified by the seller as a potential value-add component for a future owner.
The property is located at 4501 W Maypole Avenue in Chicago’s West Side. Public transportation, expressways, and everyday amenities are accessible from the property. Current rents are described as below prevailing rates for comparable renovated units in the area, creating an opportunity for revenue growth as leases expire and apartments turn over.
The property is located at 4501 W Maypole Avenue in Chicago’s West Side. Public transportation, expressways, and everyday amenities are accessible from the property. Current rents are described as below prevailing rates for comparable renovated units in the area, creating an opportunity for revenue growth as leases expire and apartments turn over.
Key Highlights
- 13‑unit apartment building at 4501 W Maypole Avenue, Chicago, IL 60624
- Comprehensive renovation completed in 2023
- Unit mix includes six 2‑bedroom and seven 1‑bedroom apartments
Property Analytics
Current Use
Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartment interiors and mechanical systems support a modern multifamily property with convenient transportation access.
Where is this apartment building located?
The property is located at 4501 W Maypole Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: 13‑unit apartment building at 4501 W Maypole Avenue, Chicago, IL 60624; Comprehensive renovation completed in 2023; Unit mix includes six 2‑bedroom and seven 1‑bedroom apartments
