4351 W MAYPOLE Avenue

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4351 W MAYPOLE Avenue

Chicago, IL 60624
Asking Price
$485K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Chicago Illinois
  • Total gut rehabilitation completed on two floors
  • Asset offers immediate value-add potential in basement
  • Current asking price for the property is 485000
  • Renovated residential units ready for immediate leasing

What's Special

This multifamily apartment building at 4351 W Maypole Avenue presents a clear value-add investment in Chicago. The property has undergone a complete gut rehabilitation, featuring fully updated first and second floors. These renovated units are ready for immediate occupancy or repositioning within the West Garfield Park market, an area currently seeing shifts in local housing demand. Investors can focus on further optimizing the basement level, which provides additional potential for income generation or amenity upgrades to boost the overall asset performance. The building structure supports a straightforward buy-and-hold strategy for those looking to capitalize on modernized residential units in an urban setting. With core components already addressed through recent capital improvements, the asset minimizes immediate deferred maintenance concerns while offering a platform for further development through the unfinished basement space.

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NOI
$80,000
Cap Rate
16.49%
DSCR
2.78
Strong
Cash-on-Cash
35.19%
Monthly Payment
$2,399.515
Annual Cash Flow
$51,205.816

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