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6058 S Massasoit Ave 6 Unit Apartment Building $675,000 ($112,500/Unit) 8% Cap Rate Chicago, IL 60638
EXECUTIVE SUMMARY
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 $6,225 in monthly income and a total of $74,700 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. 4 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
PROPERTY FACTS
| Price | $675,000 | Apartment Style | Townhome |
| Price Per Unit | $112,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 8% | Building Size | 4,943 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | RS-2 | ||
| Price | $675,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,943 SF |
| No. Stories | 2 |
| Year Built | 1927 |
| Zoning | RS-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 19-17-412-054-0000 | Improvements Assessment | $46,138 |
| Land Assessment | $5,537 | Total Assessment | $51,675 |
PROPERTY TAXES
Parcel Number
19-17-412-054-0000
Land Assessment
$5,537
Improvements Assessment
$46,138
Total Assessment
$51,675
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6058 S Massasoit Ave
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