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6-Unit Brick Apartment Building
New
For Sale
$650,000

6058 S Massasoit Avenue, Chicago, IL 60638

The six apartments include an even mix of one-bedroom and two-bedroom layouts.

Property Size4,943 SF
Price / SF$131.50
Days on Market5

Property Features for 6058 S Massasoit Avenue

General Information

Standard status Active
Size 4,943 SF
Property subtype Commercial
Zoning MULTI

Site & Location

Neighborhood Clearing
Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 3 x 1BR, 3 x 2BR
Multifamily Units 6
Individually Metered Utilities electricity, gas

Additional Details

Gross Income $71,700
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $10,428

Amenities

on-site coin-operated laundry
garage

Building Details

Building Size 4,943 SF
Year Built 1927
Buildings 1
Stories 2
Units 6
Construction all-brick
Listing Agency: Keller Williams Premiere Properties
Listed By: Sergio Hernandez
Source: Fishmangroup
Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 1:23PM

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 Keller Williams Premiere Properties

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Investment Insights

Based on property information with market context.

This 4,943-square-foot, all-brick apartment property was built in 1927 and contains six units: three one-bedroom apartments and three two-bedroom apartments. A coin-operated laundry facility serves the building. Vinyl windows were installed in 2011, and the 75-gallon hot water heater was replaced in August 2017. The property is zoned MULTI and includes a garage and on-site parking, with alley access.

Located at 6058 S Massasoit Avenue in Chicago, the building is near Midway Airport, I-55, I-294, CTA bus routes, retail, dining, and recreational options. The landlord provides building heat and cooking gas for four accounts. All tenants except the basement rear unit pay their own electric, and four units pay for their cooking gas.

Key Highlights

  • Six apartments: three one‑bedroom units and three two‑bedroom units
  • 4,943 square feet; constructed in 1927
  • Coin‑operated laundry, garage, on‑site parking, and alley access

Property Analytics

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Lease Details

6
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

600
Businesses Nearby

Demographics for 60638, IL

56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The six apartments include an even mix of one-bedroom and two-bedroom layouts.
Where is this apartment building located?
The property is located at 6058 S Massasoit Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six apartments: three one‑bedroom units and three two‑bedroom units; 4,943 square feet; constructed in 1927; Coin‑operated laundry, garage, on‑site parking, and alley access
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