NOT LISTED FOR SALE

840 N Massasoit Ave Chicago, IL 60651

Austin Neighborhood
-- Bed
-- Bath
-- 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

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2025
Closed on
Nov 20, 2025
Sold by
Bought by
Seller's Agent
Michael Olszewski
Area Wide Realty
Buyer's Agent
Sina Yazdani
American Real Estate Services
List Price
$775,000
Sold Price
$755,000
Premium/Discount to List
-$20,000
-2.58%
Views
45

Purchase Details

Closed on
Apr 25, 2025
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,000
Interest Rate
0.0627%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2020
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2008
Sold by
Bought by

Purchase Details

Closed on
May 6, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
0.0587%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0475%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 19, 2001
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- None Listed On Document
$783,000 None Listed On Document
-- Attorney
$235,500 None Available
$975,000 Chicago Title Insurance Comp
$347,000 --
-- --
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 $731,250
Previous Owner $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 $23,647 $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

Agents Affiliated with this Home

  • Michael Olszewski

    Seller's Agent in 2025

    Michael Olszewski

    Area Wide Realty

    (708) 220-1791

    47 in this area

    584 Total Sales

    Michael Olszewski
    Section Image

  • S

    Buyer's Agent in 2025

    Sina Yazdani

    American Real Estate Services

    (847) 848-4835

    1 in this area

    14 Total Sales

    Sina Yazdani
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12504934

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60651 Austin

840 N Massasoit Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.