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Listed by Kesha Watsonof Coldwell Banker Realty
-
Est. payment /mo
6 Beds
Open Sat 1PM-2PM
1315 N Massasoit AVE Chicago, IL 60651
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Open House
Sat Aug 01, 1:00pm - 2:00pm
Sat Aug 15, 1:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12695818
Style Contemporary
Bedrooms 6
Year Built 1921
Annual Tax Amount $5,767
Tax Year 2024
Lot Dimensions 31.25 x 131
Property Sub-Type Two to Four Units
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.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Radiator(s)
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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