Chicago, IL 60638 6058 S Massasoit Avenue
$650,000



40 more








































Presented By: Keller Williams Premiere Properties
Home Details
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
Presented By: Keller Williams Premiere Properties
Interior Features for 6058 S Massasoit Avenue
Other Interior Features
BasementFinished, Exterior Entry
General for 6058 S Massasoit Avenue
Additional Parcels Y/NNo
Cap Rate8.08
CityChicago
Construction MaterialsBrick
CountyCook
Current UseMulti-Family
Directions6 BLOCKS WEST OF CENTRAL AVE, TURN WEST ON 61ST INTERSECTION (CENTRAL/61ST ST) TO CORNER MASSASOIT & 61ST ST.
ElectricCircuit Breakers, Separate Meters
Electric Expense768
Fuel Expense3484
Gross Income71700
Insurance Expense4650
Lot Size Square Feet3906
MLS AreaCHI - Clearing
MaintenanceExpense
Net Operating Income48829
Number Of Units Total6
Operating Expense22871
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofRubber
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount10428
Tax Year2024
Tenant PaysVaries by Tenant
TownshipLake
Trash Expense1765
Water Sewer Expense1776
Year Built1927
ZoningMULTI
Exterior for 6058 S Massasoit Avenue
Building Area Total4943
Frontage TypeCity Street
Lot Dimensions31.8X126
Lot Size Acres0.09
Additional Details
Price History

SQFT • 4,943