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$650,000
Est. payment /mo
4,943 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,943 sqft
Price per Sqft $131
MLS Listing ID 12542131
Year Built 1927
Annual Tax Amount $10,428
Tax Year 2024
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 $5,975 in monthly income and a total of $71,700 annually. The building consists of 3 one bedroom apartments - and 3 two-bedroom apartments. 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. 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+
Structure Type Brick
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Listed by Sergio Hernandez of Keller Williams Premiere Properties