6058 S Massasoit Ave Chicago, IL 60638
Clearing NeighborhoodEstimated payment $4,339/month
Highlights
- Corner Lot
- Baseboard Heating
- Heating System Uses Steam
- Laundry Room
About This Home
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 3 two-bedroom apartments. 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. Newer vinyl Windows 2011, 75 Gal HWT replaced 8/2017
Listing Agent
Keller Williams Premiere Properties License #475172552 Listed on: 01/08/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,428
Year Built
- Built in 1927
Lot Details
- 3,906 Sq Ft Lot
- Lot Dimensions are 31.8x126
- Corner Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 4,943 Sq Ft Home
- 2-Story Property
- Finished Basement
- Exterior Basement Entry
- Laundry Room
Utilities
- Radiator
- Baseboard Heating
- Heating System Uses Steam
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $768
- Fuel Expense $3,484
- Insurance Expense $4,650
- Trash Expense $1,765
- Water Sewer Expense $1,776
- Operating Expense $22,871
- Gross Income $71,700
- Net Operating Income $48,829
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,788 | $51,675 | $5,537 | $46,138 |
| 2024 | $6,788 | $51,675 | $5,537 | $46,138 |
| 2023 | $6,619 | $32,000 | $4,944 | $27,056 |
| 2022 | $6,619 | $32,000 | $4,944 | $27,056 |
| 2021 | $6,435 | $31,999 | $4,943 | $27,056 |
| 2020 | $5,058 | $22,560 | $3,955 | $18,605 |
| 2019 | $5,184 | $25,637 | $3,955 | $21,682 |
| 2018 | $5,097 | $25,637 | $3,955 | $21,682 |
| 2017 | $6,222 | $28,712 | $3,559 | $25,153 |
| 2016 | $5,788 | $28,712 | $3,559 | $25,153 |
| 2015 | $5,300 | $28,712 | $3,559 | $25,153 |
| 2014 | $4,287 | $22,925 | $3,361 | $19,564 |
| 2013 | $4,203 | $22,925 | $3,361 | $19,564 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/08/2026 01/08/26 | For Sale | $650,000 | -- | $131 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12542131
APN: 19174120540000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.