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Listing provided courtesy of Keller Williams Premiere PropertiesMREDas Distributed by MLSGrid- MLS# 12542131MLS Provider

6058 S Massasoit AvenueChicago, IL 60638

Commercial · 7 Beds · 4,943 Sq. ft. | 0.09 Acres
$650,000 Active

6058 S Massasoit Avenue Overview

Time on Site:
173 days
Visits:
4

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

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6058 S Massasoit Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,943
  • Price/Sq.ft. $131
  • Lot 0.09 Acres

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 768
  • Fuel Expense: 3484
  • Gross Income: 71700
  • Gross Scheduled Income: 71700
  • Insurance Expense: 4650
  • Maintenance Expense: 0
  • Net Operating Income: 48829
  • Operating Expense: 22871
  • Trash Expense: 1765
  • Water Sewer Expense: 1776

Building Information

  • Year Built: 1927

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Clearing
  • Township: Lake

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $10,428.00
  • Tax Year: 2024

General Information

  • Parcel Number: 19174120540000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 4943

General Information

  • Basement: Finished, Exterior Entry
  • Electric: Circuit Breakers, Separate Meters
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 31.8X126
  • Lot Size Square Feet: 3906

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Rubber

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 2

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 2

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

6058 S Massasoit Avenue Neighborhood

Community

60638 (Chicago) Demographics

38
Median Age
5,137
Population Density (per sq. mile)
31%
College Educated
$68,041
Estimated Median Income
15,909
Estimated Total Home Owners
4,317
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6058 S Massasoit Avenue Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6058 S Massasoit Avenue Market Data

Based on the last 30 days in this zip code

$365,806
Average List Price
$252
Average Price per Square Foot
34
Properties Sold
52
Average Days on Market
119
Properties for Sale
Calculations provided by Reliance Network

6058 S Massasoit Avenue History

Date Event Value Agent
1/13/2026Source: MRED Status Change
Active
1/8/2026Source: MRED Added to Database
January 08, 2026