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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

6336 W Irving Park Road, Chicago image
6336 W Irving Park Road, Chicago $1,200,000

FORMER GARDEN TERRACE BANQUET HALL ABOUT 8000 SF AND FOUR APARTMENTS PLUS PARKING LOT FOR ABOUT 25 CARS

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  • MRD11744875 MLS
  • NEW Status
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2402 W Carmen Avenue, Chicago image
2402 W Carmen Avenue, Chicago $10,999,999

Presenting the CW - Lincoln Square newest condo-quality rental property at 2402 W Carmen Avenue. This brand new construction building (2022) is comprised of 24 units, and...

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  • MRD11743895 MLS
  • NEW Status
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Chicago $1,100,000

Great opportunity to own a seven-unit commercial property with three storefronts and four two-bedroom apartments with a parcel basement, in a popular new, currently ongoi...

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  • MRD11743889 MLS
  • NEW Status
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2735-2741 W Devon Avenue, Chicago image
2735-2741 W Devon Avenue, Chicago $2,550,000

2-Story mixed-use building in the middle of Devon Ave. at Fairfield Ave., heavy traveled and traffic mix-district combining business, shops, and professional dense corrid...

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  • MRD11743637 MLS
  • NEW Status
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7200 S Stony Island Avenue, Chicago image
7200 S Stony Island Avenue, Chicago $2,249,999

Triton Realty Group, LLC presents for purchase 7200-02 S. Stony Island Avenue, a 24 unit multifamily building located in Chicago's booming South Shore neighborhood. Thi...

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  • MRD11743503 MLS
  • NEW Status
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1713 S Jefferson Street, Chicago image
1713 S Jefferson Street, Chicago $794,987

LOCATION LOCATION LOCATION!!! THIS SOLID LEGAL SIX UNIT BUILDING IS JUST MINUTES FROM DOWNTOWN & THE SOUTH LOOP SHOPPING CORRIDOR, CLOSE TO TRANSPORTATION WITH EASY ACCES...

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  • MRD11728968 MLS
  • NEW Status
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4250 N Marine Drive Unit #1A, Chicago image
4250 N Marine Drive Unit #1A, Chicago $690,000

Great location to make your business grow!!!! YOu have close to 1000 units in the building and all residents are dying for some nice restaurant to have for their convenie...

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  • MRD11742821 MLS
  • NEW Status
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7301 S Halsted Street, Chicago image
7301 S Halsted Street, Chicago $200,000

ENGLEWOOD INVESTORS THIS IS IT! 6 UNIT WITH STOREFRONT! NEEDS SOME TLC, HAS LOTS OF POTENTIAL!

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  • MRD11742333 MLS
  • NEW Status
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2140 W Van Buren Street, Chicago image
2140 W Van Buren Street, Chicago $1,299,000

Renovated! West loop, Chicago 3-story Vintage, with dry basement, 3-front stores possibly for Law firm Office, Professional offices, Bar, Art Gallery, Restaurant, etc. 2 ...

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  • MRD11742279 MLS
  • NEW Status
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8000 S Morgan Street, Chicago image
8000 S Morgan Street, Chicago $350,000

Take I-94 to 79th. Exit at 79th and continue to Halsted Street. Make a left on Halsted and travel south to 80th street Make a right on 80th street and travel east to Morg...

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  • MRD11742216 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 2023 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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