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.
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Zillow last checked:
Listing updated:
Listed by:
Kesha Watson312-266-7000,
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12695818
Parking features: Garage Door Opener, Yes, Other, Detached, Garage
Garage spaces: 2
Has uncovered spaces: Yes
Lot
Size: 4,093 Square Feet
Dimensions: 31.25 x 131
Details
Parcel number: 16052210150000
Zoning: MULTI
Special conditions: None
Other equipment: Ceiling Fan(s)
Construction
Type & style
Home type: MultiFamily
Architectural style: Contemporary
Property subtype: Multi Family
Materials
Vinyl Siding, Brick
Condition
New construction: No
Year built: 1921
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Location
Region: Chicago
Financial & listing details
Annual tax amount: $5,767
Date on market: 7/9/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/9/2026
Listed for sale
$445,000
Source: MRED as distributed by MLS GRID #12695818Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.