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$675,000

Est. payment - /mo

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4,943 SqFt

Active

6058 S Massasoit AVE Chicago, IL 60638

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 4,943 sqft

Price per Sqft $136

MLS Listing ID 12398910

Year Built 1927

Annual Tax Amount $6,789

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 31.8X126

Property Sub-Type Multi Family 5+

Property Description

6058 S Massasoit Ave is a solid, all-brick 6-unit apartment building located in the highly desirable Midway Clearing/Garfield Ridge area neighborhood. This property offers a reliable investment opportunity with a strong rent roll, generating $6,125 in monthly income and a total of $73,800 annually. The building consists of 5 one bedroom apartments - and 1 two-bedroom apartments. Additional revenue streams include a detached two-car brick garage that is rented separately, and an on-site coin-operated laundry facility for added convenience and extra income. The property sits on a quiet, tree-lined street with alley access and ample parking, offering a comfortable residential environment. Midway Clearing/Garfield Ridge, is a stable and well-connected neighborhood, offering close proximity to Midway Airport, I-55, and I-294, as well as CTA bus routes and nearby retail, dining, and recreational options. The area's commuter convenience and family-friendly setting contribute to steady rental demand. With strong income, low operating costs, and bonus revenue from the garage and laundry, this property is an ideal addition to any investor's portfolio. Whether you're expanding your holdings or seeking a dependable, income-producing asset, 6058 S Massasoit delivers long-term value in a high-demand rental market. All Tenants Except Basement Rear Pay Their Own Electric. 3 Units also pay for their Cooking Gas. Landlord pays heat for the whole building & 3 cooking gas accounts. All (Newer) Vinyl Windows 2011, 75 Gal HWT replaced 8/2017

Location

State IL

County Cook

Area Chi - Clearing

Zoning MULTI

Rooms

Basement Finished, Exterior Entry

Interior

Fireplace N

Exterior

Roof Type Rubber

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Structure Type Brick

Listed by Sergio Hernandez • Coldwell Banker Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106