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3248 W Maypole Ave
Multi-Family
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$620,000

3248 W Maypole Ave, Chicago

47% below median
7 bd·5 ba·0 sqft
Built 18853,049 sqft lotEast Garfield Park

3248 W Maypole Ave, Chicago, IL

7 bd · 5 ba · 0 sqft Multi-Family listed at $620,000, built in 1885 in the East Garfield Park neighborhood.

About this home

Investor Opportunity or Own in Chicago and have your tenants cover your mortgage!! This beautiful solid brick 2-unit building with a distinctive lighthouse-style facade is rich in character and loaded with income potential, offering a total of 7 bedrooms and 5 bathrooms across multiple levels and located in East Garfield Park!! The spacious first-floor duplex features 4 bedrooms (2 on the main level and 2 lower level), including two primary suites with en suite bathrooms, one on each level. The attached lower level (duplex) also includes a kitchenette, ideal for related living or added flexibility. There is potential to convert the duplex back into a separate garden apt, creating a true 3-unit income-producing property. The second-floor unit showcases a striking cathedral dome ceiling and an open-concept layout with 2 bedrooms, including a primary suite with a private en suite bath. This incrediable opportuity gets even better it also Includes an extra BUILDABLE LOT 25X125!!! Keep it as a yard or you could build whole other building for more income potential.. Possibilities are endless! Recent improvements include interior updates, a newer roof (tear-off), gutters, furnaces, tuckpointing, and a newer garage providing added value and peace of mind. Each unit features separate utilities, with tenants responsible for their own usage, enhancing efficiency and appeal for investors. Ideally located near the Kedzie Green Line, I-290, and just minutes from downtown Chicago, this property offers both convenience and strong rental demand-plus the benefit of low taxes. Whether you're looking to house hack or expand your investment portfolio, this property delivers both lifestyle and long-term value. Don't miss this opportunity!

Property details

Price
$620,000
Bedrooms
7
Bathrooms
5
Year built
1885
Lot size
3,049 sqft
Type
Multi-Family
Days on market
10
Est. property tax
$12,896/yr · $1,075/mo · 2.08% IL avg
Last sold
$115,000 · Mar 2014

Estimated monthly payment

Down payment20% ($124,000)
Interest rate6.75%
Principal & Interest$3,217
Property Tax$568
Insurance$150
Total$3,935/mo

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Price history

$678K$330K$-18K$160K on Jul 05 (Sold)$440K on Apr 07 (Sold)$250K on Apr 09 (Initial list)$238K on Jul 09 (Price change)$40K on Jul 10 (Sold)$150K on Aug 12 (Initial list)$140K on Aug 12 (Price change)$130K on Sep 12 (Price change)$130K on Dec 12 (Price change)$127K on Apr 13 (Initial list)$129K on Aug 13 (Price change)$129K on Sep 13 (Price change)$129K on Sep 13 (Initial list)$119K on Sep 13 (Price change)$119K on Oct 13 (Price change)$120K on Jan 14 (Initial list)$115K on Feb 14 (Sold)$499K on Feb 21 (Price change)$620K on Apr 26 (Initial list)
$160K · Jul 05$620K · Apr 26
  1. Apr 16, 2026$620,000Initial list price
  2. Feb 1, 2021$499,000Price change
  3. Feb 28, 2014$115,000Sold
  4. Jan 22, 2014$120,000Initial list price
  5. Oct 3, 2013$119,000Price change
  6. Sep 25, 2013$119,000Price change
  7. Sep 9, 2013$129,000Initial list price
  8. Sep 9, 2013$129,000Price change
  9. Aug 15, 2013$129,000Price change
  10. Apr 19, 2013$127,000Initial list price
  11. Dec 7, 2012$129,900Price change
  12. Sep 27, 2012$129,900Price change
  13. Aug 31, 2012$139,900Price change
  14. Aug 20, 2012$149,900Initial list price
  15. Jul 13, 2010$40,000Sold
  16. Jul 15, 2009$238,000Price change
  17. Apr 14, 2009$250,000Initial list price
  18. Apr 11, 2007$440,000Sold
  19. Jul 19, 2005$160,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 3248 W Maypole Ave, Chicago
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Home Intelligence

Neighborhood (zip 60624)

This neighborhood is primarily renter-occupied (28% owner-occupied). Median age is 34.8; 8% hold a bachelor's degree; median household income is $31,768.

Median income
$31,768
Median age
34.8
Owner-occupied
27.9%
Bachelor's degree
8.0%
Census median home value
$223,700

Source: US Census Bureau American Community Survey 5-year estimates.

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