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$650,000
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Property Description
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
Full Property Details
Full Property Details for 6058 S Massasoit Ave
General
- Price: $650,000
- Taxes: $10,428 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12542131
- Updated: 1/14/2026
- Added to Site: 7 day(s) ago
Interior
- Basement: Finished, E
- Interior Features: Laundry Room
Location
- Area: CHI - Clearing
- County: Cook
- Township: Lake
- Driving Directions: 6 BLOCKS WEST OF CENTRAL AVE, TURN WEST ON 61ST INTERSECTION (CENTRAL/61ST ST) TO CORNER MASSASOIT & 61ST ST.
- Location Details: Corner
Heating & Cooling
- Heating Type: Gas, Radiators, Steam, Baseboard
Utilities
- Trash: 1765
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Exterior Entry
- Roof: Rubber
- Stories/Levels: 2
- Square Feet: 4,943
- Current Bldg. Use: Multi-Family
- Year Built: 1927
- Built Before 1978: Yes
Unit Information
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,906
- Lot Dimensions: 31.8 x 126
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $4,650
- Operating Expenses: $22,871
- Assessment Year: 1927
- Tax Amount: $10,428
- Tax Year: 2024
- Tenant Pays: Varies by Tenant
- Pays Electric: 768
- Pays Trash: 1765
Disclosures and Reports
- Property ID: 19174120540000
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Schools
Schools serving 6058 S Massasoit Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hale Elementary School 6140 South Melvina Avenue, Chicago, IL 60638 | K-8 | 0.6 mi |
Kennedy High School 6325 West 56th Street, Chicago, IL 60638 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6058 S Massasoit Ave
Date
Details
Price
Change
Source
1/08/2026
Listed
$650,000
27.45%
MLS
2/23/2005
Sold
$510,000
—
Public Record
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 6058 S Massasoit Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,788
3%
$31,999
—
2022
$6,619
3%
$31,999
—
2021
$6,435
27%
$31,999
42%
2020
$5,058
-2%
$22,560
-12%
2019
$5,184
2%
$25,637
—
2018
$5,097
-18%
$25,637
-11%
2017
$6,222
7%
$28,712
—
2016
$5,788
9%
$28,712
—
2015
$5,300
24%
$28,712
25%
2014
$4,287
2%
$22,925
—
2013
$4,203
1%
$22,925
—
2012
$4,147
—
$22,925
—
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 6058 S Massasoit Ave
6058 S Massasoit Avenue, Chicago, IL 60638 (MLS# 12542131) is a Commercial property. 6058 S Massasoit Avenue is currently listed for $650,000 and was received on January 08, 2026. Want to learn more about 6058 S Massasoit Avenue? Do you have questions about finding other Commercial real estate for sale in Clearing? You can browse all Clearing real estate or contact a Coldwell Banker agent to request more information.

