$995,000
PENDING

840 N Massasoit Ave Chicago, IL 60651

Austin Neighborhood

Estimated payment $7,382/month

Total Views 7,360
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

This gorgeous brick 3 story / 13 Unit apartment building is an investors dream. Tenants pay their own electric and gas, each unit has it's own furnace and hot water heater. Large room sizes, huge basement that can accommodate a laundry facility for the building. Don't miss out on a deal of a lifetime!!! Perfect building for investors! Property being sold in AS IS condition, no surveys nor disclosures, taxes prorated.

Listing Agent

Michael Olszewski

Area Wide Realty License #471011979 Listed on: 07/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,647

Year Built

  • Built in 1930

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x130

Additional Features

  • 3-Story Property
  • Central Heating

Community Details

Overview

  • 13 Units

Building Details

  • Electric Expense $3,200
  • Insurance Expense $15,000
  • Other Expense $3,500
  • Trash Expense $4,950
  • Water Sewer Expense $5,400
  • Operating Expense $56,646
  • Gross Income $187,200
  • Net Operating Income $130,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,647

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1930
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 0
  • Ranges: 0
  • Number of Windows: 0
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 995000

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 4950
  • Water Sewer Expenses: 5400
  • Janitor Expense: 4500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X130
  • Lot Size Sq Ft: 6250
  • Alternate Phone Number: (708) 656-3333

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 130554
  • Insurance Expense: 15000
  • ElectricExpense: 3200
  • GrossIncome: 187200
  • NumberOfUnitsTotal: 13
  • OperatingExpense: 56646
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 23647
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Pending -- -- --
07/07/2025 07/07/25 For Sale $995,000 -- --
Source: Midwest Real Estate Data (MRED)

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    Rowena Cheng Richland Global Inc

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12412472

Midwest Real Estate Data (MRED)