Mixed-Use Apartment and Retail
For Sale
$3,750,000
5944 W Roosevelt Rd & 1054 S Mason Ave, Chicago, IL 60644
Rare opportunity to acquire a 50-unit mixed residential and retail portfolio with recent mechanical and exterior updates.
Property Size46,572 SF
Days on Market90
Property Features for 5944 W Roosevelt Rd & 1054 S Mason Ave
General Information
Standard status
Active
Size
46,572 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
50
Building Details
Building Size
46,572 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
(810) 844-6813
Listed By:
Carson McDaniel · License ##475.185949
Source:
Kisergroup
Added: Jun 1
Changed: Aug 21
Last Checked: Aug 29 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carson McDaniel
Investment Insights
Based on property information with market context.
This offering pairs two income properties in one purchase: a 38-unit mixed-use building and a 12-unit walkup property. The 38-unit component includes a mix of unit types—sixteen 2Bd/1Ba units, nineteen 1Bd/1Ba units, and eight studios—along with seven retail spaces. Recent capital improvements include newer individual furnaces and hot water tanks, updated electrical, updated copper plumbing, and new porches completed in 2023–2024.
Both properties are positioned in Chicago’s West Side’s highly sought-after pocket known as “The Island.” The buildings sit just a few blocks from the Chicago Blue Line “El” station at Austin and near Columbus Park, which offers ball fields, a theater, a pool, and a golf course.
For investors and operators, the combination of apartment inventory with on-site retail supports multiple income streams while still offering a straightforward residential ownership structure. The updated mechanical systems and refreshed exterior elements can help reduce near-term turnover and maintenance exposure. This is a rare 50-unit chance in a tight submarket, suited to buyers seeking scale and a balanced mix of living and retail revenue.
Both properties are positioned in Chicago’s West Side’s highly sought-after pocket known as “The Island.” The buildings sit just a few blocks from the Chicago Blue Line “El” station at Austin and near Columbus Park, which offers ball fields, a theater, a pool, and a golf course.
For investors and operators, the combination of apartment inventory with on-site retail supports multiple income streams while still offering a straightforward residential ownership structure. The updated mechanical systems and refreshed exterior elements can help reduce near-term turnover and maintenance exposure. This is a rare 50-unit chance in a tight submarket, suited to buyers seeking scale and a balanced mix of living and retail revenue.
Key Highlights
- Two Chicago West Side multifamily properties: 38‑unit mixed‑use at 5944 W. Roosevelt and 12‑unit walkup at 1054 S. Mason (50 total units).
- Unit mix across the portfolio: 16 2BD/1BA, 19 1BD/1BA, 8 studios, plus 7 retail units.
- Newer individual furnaces and hot water tanks.
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Rare opportunity to acquire a 50-unit mixed residential and retail portfolio with recent mechanical and exterior updates.
Where is this apartment building located?
The property is located at 5944 W Roosevelt Rd & 1054 S Mason Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Two Chicago West Side multifamily properties: 38‑unit mixed‑use at 5944 W. Roosevelt and 12‑unit walkup at 1054 S. Mason (50 total units).; Unit mix across the portfolio: 16 2BD/1BA, 19 1BD/1BA, 8 studios, plus 7 retail units.; Newer individual furnaces and hot water tanks.
