6058 South Massasoit Avenue, Chicago, IL

$650,000

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0.09

Acres

About 6058 South Massasoit Avenue

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 $5,975 in monthly income and a total of $71,700 annually. The building consists of 3 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. 4 Units also pay for their Cooking Gas. Landlord pays heat for the whole building & 4 cooking gas accounts. All (Newer) Vinyl Windows 2011, 75 Gal HWT replaced 8/2017

Features of 6058 South Massasoit Avenue

MLS® # 12398910
Price $650,000
Bathrooms 0.00
Acres 0.09
Year Built 1927
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 6058 South Massasoit Avenue
Area CHI - Clearing
City Chicago
County Cook
State IL
Zip Code 60638

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement Yes
Basement Finished, Exterior Entry

Exterior

Exterior Brick
Roof Rubber

Additional Information

Days on Market 98
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty
Contact Info312-266-7000

Listing Map

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