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Legal Two-Flat Multifamily Property
For Sale
$445,000
Pending

1315 North Massasoit Avenue, Chicago, IL 60651

Two units plus basement with full bath, each featuring 3 bedrooms and 1 bathroom, with multiple delivery options.

Property SizeContact for details
Days on Market64

Property Features for 1315 North Massasoit Avenue

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units / 2 Flat
Zoning MULTI

Additional Details

Highway Access Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,767

Building Details

Year Built 1921
Listing Agency: Coldwell Banker Real Estate LLC
Listed By: Kesha Watson · License #475193283
Source: Compass
Added: Jul 7 Changed: Aug 8 Last Checked: Aug 6 at 10:31AM

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 Coldwell Banker Real Estate LLC

Investment Insights

Based on property information with market context.

This legal two-flat offers two separate residential units with 3 bedrooms and 1 bathroom each, along with an additional basement area that includes a full bathroom. The first-floor unit and the basement are vacant and available for immediate viewing. The second-floor unit is currently owner-occupied and is scheduled to be delivered vacant at closing.

The property includes a two-car garage and ample storage space. It is positioned for convenient access to public transportation, schools, parks, shopping, restaurants, and major expressways throughout Chicago. Buyers should verify all zoning, permitting, and municipal requirements, and the property is sold as-is.

At closing, the full building can be occupied by the buyer or leased, with flexibility to rent one or both units depending on preference.

Key Highlights

  • Legal two‑flat built in 1921 in Chicago’s Austin neighborhood
  • Both units feature 3 bedrooms and 1 bathroom
  • First‑floor unit and basement are vacant and available for immediate viewing

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Acupuncture Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,007
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two units plus basement with full bath, each featuring 3 bedrooms and 1 bathroom, with multiple delivery options.
Where is this duplex located?
The property is located at 1315 North Massasoit Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Legal two‑flat built in 1921 in Chicago’s Austin neighborhood; Both units feature 3 bedrooms and 1 bathroom; First‑floor unit and basement are vacant and available for immediate viewing
More about this property
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