6058 S Massasoit Avenue, Chicago, IL 60638
- 4,943 sqft
Commercial Property
Built in 1927
3,920sqft lot
—— car garage
$137/sqft
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
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Grimes Elementary School
5450 W 64th Pl, Chicago, IL, 60638
Grades PK-8
0.57 miles away
Grimes Elementary School
5450 W 64th Pl, Chicago, IL, 60638
Grades PK-8
0.57 miles away
Kennedy High School
6325 W 56th St, Chicago, IL, 60638
Grades 9-12
0.96 miles away