NOT LISTED FOR SALE

840 N Massasoit Ave Chicago, IL 60651

Austin Neighborhood
-- Beds
-- Baths
-- Sq Ft
6,250 Sq Ft Lot

Sale Details

Date Sold: November 26, 2025

Last sale price $755,000

25 Days on Market

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Michael Olszewski

Area Wide Realty License #471011979 Listed on: 10/27/2025

Last Buyer's Agent

Sina Yazdani

American Real Estate Services License #475192118

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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

6,250 Sq Ft Lot

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
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Utilities

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

Fee Information

  • Trash Expense: 4950
  • Water Sewer Expenses: 5400

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
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 23647
  • Tax Year: 2023

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$755,000 None Listed On Document
Residential Investment Trust -- None Listed On Document
840 N Massasoit Ave Llc $783,000 None Listed On Document
840 N Massasoit Llc -- Attorney
H & R Building Properties Llc $235,500 None Available
Bautista Martin $975,000 Chicago Title Insurance Comp
Klein Laurie $347,000 --
Austin Bank Of Chicago -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,235,000
Previous Owner Bautista Martin $731,250
Previous Owner Klein Laurie $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/26/2025 11/26/25 Sold $755,000 -2.6% --
11/21/2025 11/21/25 Pending -- -- --
10/27/2025 10/27/25 For Sale $775,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,903 $114,000 $7,500 $106,500
2024 $23,647 $114,000 $7,500 $106,500
2023 $23,052 $112,077 $6,563 $105,514
2022 $23,052 $112,077 $6,563 $105,514
2021 $22,537 $112,075 $6,562 $105,513
2020 $15,682 $70,397 $6,562 $63,835
2019 $14,144 $70,397 $6,562 $63,835
2018 $10,148 $51,374 $6,562 $44,812
2017 $9,954 $46,239 $5,156 $41,083
2016 $9,261 $46,239 $5,156 $41,083
2015 $8,222 $44,871 $5,156 $39,715
2014 $10,183 $54,883 $5,156 $49,727
2013 $9,982 $54,883 $5,156 $49,727
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12504934

Midwest Real Estate Data (MRED)
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