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Chicago 5-flats Property Search

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5 Flat Apartment Buildings For Sale In Chicago IL

Buying or Selling a 5-Unit in Chicago? We have over 16 years of experience in selling multi-family apartment buildings. Whether it's a 2-flat, 3-flat or 10 unit building we can help!

Popular Neighborhoods in Chicago

Search ALL multi-family properties for sale in Chicago's most popular neighborhoods.

  • Avondale
  • Ravenswood
  • Bucktown
  • Belmont-Cragin
  • Garfield Ridge/Clearing
  • Humboldt Park
  • Irving Park
  • Jefferson Park
  • Lake View
  • Lincoln Square
  • Logan Square
  • Lincoln Park
  • Portage Park
  • Ukrainian Village
  • Wicker Park

Chicago Multi Family Properties - 5 Flats

5-Unit properties or more are generally considered commercial apartment buildings. Once the properties exceed more than 4 units, the mortgages will also switch requiring larger down payments and further requirements.

5 Flat apartment buildings are a great opportunity for seasoned real estate investors and landlords as they provide the biggest profits from rental units. Owner occupiers enjoy the significant financial impact with 4 units being rented, and can potentially leave them living at no cost with money coming in.

Chicago has plenty of 5-Unit multi family properties for sale that can be found in popular neighborhoods such as Avondale, Irving Park, North Center, Lake View or Logan Square.

Multi-family Real Estate Searches

Search ALL multi-family properties for sale in Chicago by type.

  • 2 Flat
  • 5 Units
  • 3 Flats
  • Duplex
  • 4 Flats
  • Triplex

We are the best choice whether you are buying or selling:

For Sellers:

Working with a broker who is well versed and experienced in multi family and 5+ Flat housing will be a vital asset to your team. We offer a customized approach to each multi family 5 Flat unit we put on the market and with the knowledge and expertise gained over the year, you can be confident your sale is in the right hands!

Schedule a Private Consultation Today!

For Buyers:

Whether you are new to buying multi family properties or have been in the business for a while, having a team that is constantly working towards connecting you with ideal properties is crucial in today’s market. Multi family homes are selling before they hit the market, so working with an experienced and well connected realtor will get you the best chance at some amazing opportunities.

Financing Options for 5-Unit Properties:

There are a number of ways to secure financing when purchasing a multi family or 5 Flat property.

  • Department of Veterans Affairs - Offers 100% financing options for retired or active military personnel. 
  • Rehab Loans - Will provide financing to purchase and renovate properties. 
  • Conventional Mortgage - Acquired through a mortgage broker or lender/bank. Typically requires 20% down.
  • Federal Housing Administration Loan - lower down payments and credit requirements for medium to low income families.

Whether Buying or Selling, let our experience work for you!

Newest 5-flats Properties In Chicago

7101 W Archer Avenue Unit #1, Chicago image
7101 W Archer Avenue Unit #1, Chicago $875,000

PRIME GARFIELD RIDGE MIXED USE BUILDING. 4 2BR REDSIDENTIAL UNITS UPSTAIRS . OFFICE TENANTS FIRST FLOOR AND NEW BUILDOUT FOR RETAIL OR COMMERCIAL USE SPACE FACING ARC...

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  • MRD11003934 MLS
  • NEW Status
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1400 W Hubbard Street, Chicago image
1400 W Hubbard Street, Chicago $5,500,000

29,674 SF Loft Office Building in WEST FULTON MARKET/KINZIE CORRIDOR LOFT SPACES WITH PARKING!

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  • MRD11003726 MLS
  • NEW Status
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1503 W 19Th Street, Chicago image
1503 W 19Th Street, Chicago $759,900

Great opportunity to invest in one of Chicago's hottest neighborhoods, desirable Pilsen! Single family in front and 6-units in rear. Single family in front features 2 bed...

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  • MRD10993176 MLS
  • NEW Status
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2646 W Chicago Avenue, Chicago image
2646 W Chicago Avenue, Chicago $1,250,000

VERY WELL KEPT BRICK 6 UNIT BUILDING ON THE BORDER OF UKRAINIAN VILLAGE, GREAT INVESTMENT PROPERTY WITH LONG TIME TENANTS GENERATING VERY NICE INCOME, RECENTLY UPDATED: R...

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  • MRD10998938 MLS
  • NEW Status
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5749 W Augusta Boulevard, Chicago image
5749 W Augusta Boulevard, Chicago $309,900

Great opportunity to own a 6-unit multi-family building with two units being retail spaces in Austin. Solid brick construction, a good roof, waiting for your improvement ...

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  • MRD11003409 MLS
  • NEW Status
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7141 S Jeffery Boulevard, Chicago image
7141 S Jeffery Boulevard, Chicago $550,000

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  • MRD11002410 MLS
  • NEW Status
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824 W Superior Street Unit #210, Chicago image
824 W Superior Street Unit #210, Chicago $179,900

This renovated, fully furnished office loft space is for sale in hot River West elevator building at 824 West Superior #210 for only $179,900! Large open space with estim...

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  • MRD11001948 MLS
  • NEW Status
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4800 S Loomis Boulevard, Chicago image
4800 S Loomis Boulevard, Chicago $259,777

MAKING MONEY LIVING FREE, GREAT POTENTIAL 6 UNITS BUILDING IN GREAT LOCATION CROSS STREET FROM SCHOOL, ALL UTILITIES ARE SEPARATED, EASY TO SHOW IT.

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  • MRD11001753 MLS
  • NEW Status
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4539 S Justine Street, Chicago image
4539 S Justine Street, Chicago $149,900

GREAT FIVE UNITS BUILDING, INCOME PRODUCER/INVESTMENT PROPERTY GOOD LOCATION CLOSE TO SCHOOLS AND TRANSPORTATION, TENANTS PAY ALL UTILITIES FULL RENTED....

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  • MRD11001662 MLS
  • NEW Status
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4959 S Paulina Street, Chicago image
4959 S Paulina Street, Chicago $269,777

Great opportunity!! 6 legal apartments full rented with long time tenants paying their own utilities it offer 5 apartments w/2 bedrooms and one w/1, good location close...

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  • MRD11001591 MLS
  • NEW Status
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Copyright 2021 MRED LLC. All rights reserved.

Based on information submitted to the MRED as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Multi-Family 2-4 Units Market Reports

  • Avondale
  • Lincoln Park
  • Logan Square
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Top Neighborhoods For Multi-Family 2-4 Units

  • Avondale
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  • Lakeview
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