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Renovated 13-Unit Apartment Building
New
For Sale
$1,449,000

4501 W Maypole Avenue, Chicago, IL 60624

MULTI_FAMILY - Chicago, IL

Lot Size0.14 Acres
Days on Market3

Property Features for 4501 W Maypole Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 19
Bathrooms 18
Full bathrooms 18
Rooms Bedroom 7, Bedroom 12, Bathroom 12, Bedroom 18, Bathroom 10, Bathroom 14, Basement, Bathroom 13, Bathroom 17, Bathroom 3, Bathroom 7, Bathroom 8, Bathroom 11, Bathroom 4, Bedroom 11, Bathroom 1, Bedroom 17, Bedroom 16, Bedroom 13, Bathroom 6, Bathroom 16, Bathroom 18, Bedroom 5, Bedroom 10, Bedroom 19, Bedroom 9, Bedroom 2, Bathroom 5, Bathroom 9, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 15, Bedroom 14, Bedroom 8, Bedroom 1, Bedroom 4, Bathroom 15
Basement Partially Finished
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
Subdivision CHI - West Garfield Park
Standard status Active
APN 16103210070000
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 28534

Building Details

Year built 1924
Floors in Building 3
Number of units 13
Building materials Brick
Listing Agency: Chicagoland Brokers, Inc.
Listed By: Marcus Carter · License #475166498
Added: Jul 30 Last Checked: Aug 1 at 3:06AM
MLS# 12719892

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This brick 13-unit apartment building was comprehensively renovated in 2023, with major improvements reported throughout the property, including mechanical systems and apartment interiors. The building’s unit mix includes six two-bedroom apartments and six one-bedroom apartments, plus an additional seventh one-bedroom unit. The improvements are designed to support lower near-term capital expenditure needs while providing modernized apartment finishes.

Zoned MULTI and built in 1924, the property sits on a 0.14-acre lot in Chicago’s West Side market. For buyers focused on multifamily ownership, the configuration offers multiple one- and two-bedroom layouts within a single asset, with a reported 2023 renovation scope covering both building systems and interior units.

The seventh one-bedroom unit is described as potentially presenting value-add characteristics for a future owner, while the remainder of the building is described as stabilized following the renovation work.

Key Highlights

  • Comprehensive renovation completed in 2023, including mechanical systems and apartment interiors
  • 13‑unit apartment building with six 2‑bedroom units and six 1‑bedroom units
  • Includes a seventh 1‑bedroom unit, described as presenting a potential value‑add opportunity

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,087
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick 13-unit building renovated in 2023 with a six two-bedroom and six one-bedroom unit mix plus a seventh one-bedroom unit.
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: Comprehensive renovation completed in 2023, including mechanical systems and apartment interiors; 13‑unit apartment building with six 2‑bedroom units and six 1‑bedroom units; Includes a seventh 1‑bedroom unit, described as presenting a potential value‑add opportunity
More about this property
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