1338 N Massasoit Avenue
Chicago, IL, 60651
$485,000
7 Beds
3 Baths
0 SqFt
0 Acres
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MLS #MRD12648115 image #0
Lovely two-unit brick building located in the desirable and thriving North Austin neighborhood! This property is nestled on a quiet and beautiful block, and offers an excellent opportunity for both investors and owner-occupants that’s seeking strong rental income potential. The building has been meticulously maintained and proudly owned by the same owner for over 30 years, reflecting consistent care and long-term stability. Both units feature updated kitchens and bathrooms. The first-floor unit offers three spacious bedrooms, while the second-floor unit includes two generously sized bedrooms with an identical layout. The nicely updated garden unit provides additional income potential. The additional living space comes complete with two bedrooms, a kitchen, one bathroom, and two separate entrances that offers flexibility for a third rental unit. The additional living space can also be utilized for extended family living or house hacking. Additional highlights include individual heating systems for each unit, central air, a new rubber tear off roof, upgraded chimney liner, and a new hot water heater that will help reduce owner expenses. Conveniently located with easy access to I-290 and I-294 Expressways, public transportation, Oak Park, shopping, dining, the Galewood AMC Theater, and more!

Property Details

Price:
$485,000
MLS #:
MRD12648115
Status:
Active Under Contract
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
chiaustin
Listed Date:
May 23, 2026
Chi – AustinChiaustin

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Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2

Financial

Tax Year
2024
Taxes
$4,470

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 17, 2026
1,399
Multi Family Listed
80
Avg DOM
$531,188
Avg List Price

Property Summary

    1338 N Massasoit Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60651. It is listed for $485,000

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