NOT LISTED FOR SALE

5019 W Maypole Ave Chicago, IL 60644

Austin Neighborhood
10 Beds
7 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold May 12, 2021

Last sale price $310,000

155 Days on Market

About This Home

As of May 2021

Kiser Group is pleased to exclusively offer for purchase 5019 W. Maypole, a seven (7) unit walk-up located in Chicago's historic Austin neighborhood. The property sits on a quiet, tree lined street just three (3) blocks from Chicago's CTA Green Line Laramie stop. Additionally, the property also sits three (3) blocks away from Madison St. and Cicero Ave, which both feature an abundance of public transit and retail options. 5019 W. Maypole is comprised of four (4) 1bd/1ba units and three (3) 2bd/1ba units. All of the units are spacious featuring a large living room in the front and a formal dining room, both of which can be used or converted to an additional bedroom. Furthermore, all of the units feature updated kitchens and baths, and original hardwood flooring throughout. Recent capital improvements to the building consist of, but not limited to: a new porch (2019), new windows, newer furnaces, as well as, updated copper plumbing as needed. Furthermore, there is a two (2) car garage which can be used to generate additional income, as well as a laundry facility containing washers and dryers in the basement. 5019 W. Maypole presents an investor a unique opportunity to acquire a stabilized, strong cash flowing property in Chicago's desirable pocket of Austin. A new investor will realize an in-place cap rate of 8.21% and a cash-on-cash return of 16.75%. Additionally, solely through improved leasing, management and bringing current rents to market rate levels, a new investor can realize a cap rate of 9.63% and a cash-on-cash return of 23.82%.

Last Agent to Sell the Property

Jack Petrando

Kiser Group Realty Inc License #475185949 Listed on: 09/02/2020

Last Buyer's Agent

Jefferson Offutt

North Clybourn Group, Inc. License #475156656

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,132

Year Built

  • Built in 1927

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 25.1x179.7

Interior Spaces

  • 10 Bedrooms
  • 3-Story Property

Utilities

  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $1,633
  • Fuel Expense $2,366
  • Insurance Expense $2,400
  • Maintenance Expense $2,250
  • Other Expense $3,021
  • Trash Expense $2,762
  • Water Sewer Expense $2,946
  • Operating Expense $26,010
  • Gross Income $63,600
  • Net Operating Income $34,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,132

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1927
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 10
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 425000

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Individual Furnaces

Fee Information

  • Trash Expense: 2762
  • Water Sewer Expenses: 2946
  • Janitor Expense: 1500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Dimensions: 25.1X179.7

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 34910
  • Fuel Expense: 2366
  • Insurance Expense: 2400
  • ElectricExpense: 1633
  • GrossIncome: 63600
  • Maintenance Expense: 2250
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 26010
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 6132
  • Tax Year: 2019

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2021 05/12/21 Sold $310,000 -27.1% --
02/04/2021 02/04/21 Pending -- -- --
09/02/2020 09/02/20 For Sale $425,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jack Petrando

    Kiser Group Realty Inc

    Section Image

  • J

    Buyer's Agent in 2021

    Jefferson Offutt

    North Clybourn Group, Inc.

    (773) 252-0600

    1 in this area

    5 Total Sales

    Jefferson Offutt
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10846250

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60644 Austin

5019 W Maypole Ave, Chicago, IL

This home is located at 5019 W Maypole Ave, Chicago, IL 60644 since 02 September 2020. This property was built in 1927. 5019 W Maypole Ave is a home located in Cook County with nearby schools including Spencer Technology Academy, Marshall Metropolitan High School, and KIPP Academy Chicago Campus.

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