LKV Realty
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$445,000
$2,150Reward *
1315 N Massasoit Avenue, Chicago, IL 60651Listing ID 12695818

1315 N Massasoit Avenue, Chicago, IL 60651

Contingent
CHI - Austin
Time on site: 37 daysLast updated: Aug 5, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
6
Bathrooms
Bathrooms
3
Days on Site
Days on Site
37
Heating
Heating
Radiator(s)
Year Built
Year Built
1921
Garages
Garages
2
Parking
Parking
Garage Door Opener, Yes, Other, Detached, Garage

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.

Property Information

Property Details

Location

Address
1315 N Massasoit Avenue
County
Cook
City
Chicago
Zip Code
60651
Subdivision
CHI - Austin
School District
299
MLS Area
CHI - Austin

Interior Features

Beds and Baths

Bedrooms
6

Building

Building Information

Year Built
1921
Construction
Vinyl Siding, Brick

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$5,767
Tax Year
2024
Coldwell Banker Realty, (312) 266-7000

Market Report for 60651

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 15 Aug 2026, 07:46 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD899014