$675,000

6058 S Massasoit Avenue, Chicago, IL 60638

  • 4,943 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $137/sqft
  • Property List Date Icon Listed 7 days ago

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

Listing Status:
Active
Listing Office:
Coldwell Banker Realty : 312-266-7000
Listing Agent:
Sergio Hernandez : 773-799-6647
MLS ID:
12398910
  • Basement: FinishedExterior Entry

This listing courtesy of Sergio Hernandez, Coldwell Banker Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Grimes Elementary School

5450 W 64th Pl, Chicago, IL, 60638

Grades PK-8

0.57 miles away

G

Grimes Elementary School

5450 W 64th Pl, Chicago, IL, 60638

Grades PK-8

0.57 miles away

K

Kennedy High School

6325 W 56th St, Chicago, IL, 60638

Grades 9-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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