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$1,349,000
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Property 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.
Full Property Details
Full Property Details for 4501 W Maypole Ave
General
- Price: $1,349,000
- HOA FEE: $10,800
- Taxes: $19,701 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12348262
- Updated: 7/7/2025
- Added to Site: 263 day(s) ago
Location
- Area: CHI - West Garfield Park
- County: Cook
- Driving 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
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat, Radiators
Utilities
- Trash: 1200
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1924
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 13
- Units w/Range/Oven: 13
- # Dryers: 12
Lot Features
- Lot Size (Acres): 0.14
- Lot Dimensions: 6375
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $10,800
- Insurance Fee: $7,733
- Operating Expenses: $60,800
- Assessment Year: 1924
- Tax Amount: $19,701.91
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Pays Electric: 1500
- Pays Trash: 1200
Disclosures and Reports
- Property ID: 16103210070000
Listed by Chicagoland Brokers, Inc.
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Schools
Schools serving 4501 W Maypole Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Tilton Elementary School, Chicago, IL 223 North Keeler Avenue, Chicago, IL 60624 | PK-8 | 0.4 mi |
Marshall Metropolitan High School 3250 West Adams Street, Chicago, IL 60624 | 12-11 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4501 W Maypole Ave
Date
Details
Price
Change
Source
7/01/2025
Price Reduced
$1,349,000
-3.57%
MLS
4/28/2025
Listed
$1,399,000
14.91%
MLS
12/13/2023
Sold
$1,217,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4501 W Maypole Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,702
3%
$93,059
—
2022
$19,206
2%
$93,059
—
2021
$18,775
39%
$93,059
54%
2020
$13,470
11%
$60,264
—
2019
$12,148
2%
$60,264
—
2018
$11,943
-2%
$60,264
7%
2017
$12,156
8%
$56,275
—
2016
$11,271
9%
$56,275
—
2015
$10,312
5%
$56,275
6%
2014
$9,805
2%
$52,844
—
2013
$9,611
1%
$52,844
—
2012
$9,483
—
$52,844
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4501 W Maypole Ave
4501 W Maypole Avenue, Chicago, IL 60624 (MLS# 12348262) is a Commercial property. 4501 W Maypole Avenue is currently listed for $1,349,000 and was received on April 28, 2025. Want to learn more about 4501 W Maypole Avenue? Do you have questions about finding other Commercial real estate for sale in West Garfield Park? You can browse all West Garfield Park real estate or contact a Coldwell Banker agent to request more information.

