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$445,000 Just Listed
Property Description
Exceptional Investment & Owner-Occupant Opportunity! Discover this well-maintained legal two-flat in Chicago's rapidly growing Austin neighborhood, offering the perfect blend of immediate income potential and long-term appreciation. Each spacious unit features 3 bedrooms and 1 bathroom, making this an ideal opportunity for owner-occupants, FHA house hackers, or investors seeking to expand their portfolio. The first-floor unit and basement are vacant and available for immediate viewing, allowing buyers to fully evaluate the property's condition and envision its possibilities. The second-floor unit is owner-occupied and will be delivered vacant at closing, providing complete flexibility to occupy either unit, lease both at market rates, or implement your own value-add strategy. The basement includes a full bathroom and offers additional upside potential. With thoughtful improvements and subject to buyer verification of all zoning, permitting, and municipal requirements, the space may provide opportunities for expanded functionality or additional income-generating use. Additional highlights include a two-car garage, generous storage space, and a versatile floor plan well-suited for multigenerational living or investment ownership. Conveniently located near public transportation, schools, parks, shopping, restaurants, and major expressways, this property offers excellent accessibility throughout the city. Whether you're looking to build wealth through real estate, off set your mortgage with rental income, or add a solid multifamily asset to your portfolio, 1315 N. Massasoit Avenue presents an outstanding opportunity. Property will be delivered fully vacant at closing, providing immediate occupancy or the opportunity to lease both units at current market rents. Property is being sold AS-IS.
Full Property Details
Full Property Details for 1315 N Massasoit Ave
General
- Price: $445,000
- Taxes: $5,767 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12695818
- Updated: 7/10/2026
- Added to Site: 2 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Equipment: Ceiling Fan(s)
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Other, Detached, Garage
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: Conveniently located just north of I-290. From I-290, exit Austin Blvd, north to North Ave, west to Massasoit Ave, then north to property. Easy access from I-90/94, I-55, and I-294.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Radiator(s)
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Contemporary
- Architectural Style: Contemporary
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1921
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: 4.0 to 4.99 Acres
- Lot Dimensions: 31.25 x 131
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1921
- Tax Amount: $5,767.16
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16052210150000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 1315 N Massasoit Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Young Elementary School 1434 North Parkside Avenue, Chicago, IL 60651 | PK-8 | 0.2 mi |
Douglass Academy High School 543 North Waller Avenue, Chicago, IL 60644 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1315 N Massasoit Ave
Date
Details
Price
Change
Source
7/09/2026
Listed
$445,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1315 N Massasoit Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,786
—
$32,000
23%
2023
$4,786
3%
$26,000
—
2022
$4,644
2%
$26,000
—
2021
$4,559
22%
$26,000
31%
2020
$3,742
-3%
$19,898
-12%
2019
$3,854
2%
$22,612
—
2018
$3,788
-13%
$22,612
-4%
2017
$4,355
3%
$23,604
—
2016
$4,227
10%
$23,604
—
2015
$3,845
26%
$23,604
24%
2014
$3,055
2%
$19,035
—
2013
$2,984
1%
$19,035
—
2012
$2,968
—
$19,035
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1315 N Massasoit Ave
1315 N Massasoit Avenue, Chicago, IL 60651 (MLS# 12695818) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 1315 N Massasoit Avenue is currently listed for $445,000 and was received on July 09, 2026. This property is listed by Kesha Watson from our Lincoln Park Office.Want to learn more about 1315 N Massasoit Avenue? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

