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

Chicago, IL, 60638
$ 650,000
Bedrooms7 Baths0.0 Sq 4,943

Monthly Estimate*

$ 4,055

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Multi-Family Home for sale in Chicago, IL

for $650,000 with 7 bedrooms. This 4,943 square foot home was built in 1927 on a lot size of 0.09.

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

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Multi-Family Active

Price

$ 650,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 6,789

Style

Multi-Family

Lot Size

0.09

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12398910

Features
General
Possession Closing
Roof Rubber
Zoning MULTI
Construction Materials Brick
Year Built 1927
Electric Circuit Breakers Separate Meters
Tenant Pays Varies by Tenant
Stories Count 2
Township Lake
Tax Year 2023
Current Use Multi-Family
Gross Income 73800
County Cook
Net Operating Income 54568
Operating Expense 19231
Insurance Expense 4650
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions 6 BLOCKS WEST OF CENTRAL AVE TURN WEST ON 61ST INTERSECTION (CENTRAL/61ST ST) TO CORNER MASSASOIT & 61ST ST.
City Chicago
Number Of Units Total 6
MLS Area CHI - Clearing
Lot Size Square Feet 3906
Tax Annual Amount 6789
Electric Expense 768
Fuel Expense 3484
Trash Expense 1765
Water Sewer Expense 1776
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.08
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Interior
Basement Finished Exterior Entry
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Exterior
Building Area Total 4943
Lot Dimensions 31.8X126
Lot Size Acres 0.09
Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Realty

Broker

sergio.realtor.84@gmail.com;sergio.hernandez@cbrealty.com

Email

Affordability Calculator

$4,621
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$566
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/4/2025$650,000 -3.70% Price Down
7/18/2025$675,000 Listed Price

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6058 S Massasoit Avenue, Chicago, IL, 60638 is a Multi-Family Home for sale at $650,000 with 4,943 sqft and a lot size of 0.09. 6058 S Massasoit Avenue has 7 bedrooms, 0.0 baths, and was built in 1927. The property's zip code is 60638 which is in Chicago, IL