5 Flat Apartment Buildings For Sale In Chicago IL

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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.

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Newest 5-flats Properties In Chicago

$590,000

12775016 MLS ⋅ NEW Status

Prime Mixed-Use Investment Opportunity in Little Village! This solid all-brick building offers an ideal combination of commercial and residential income potential. The main floor features a spacious, versatile commercial unit perfect for retail, office, or any use imaginable, complemented by four 2-bedroom, 1-bathroom residential apartments above. Highly visible and strategically located near bustling local shopping, parks, schools, and public transportation. Excellent potential for strong cash flow in a high-demand area!

3021 W Cermak Road, Chicago

$599,900

12791202 MLS ⋅ NEW Status

BRICK THREE-STORY BUILDING WITHIN WALKING DISTANCE OF RESTAURANTS, STORES AND PUBLIC TRANSPORTATION. LOCATED TWO BLOCKS SOUTH OF 18TH STREET. PROPERTY IS BEING SOLD IN AS-IS CONDITION. EACH UNIT HAS IS OWN ELECTRIC AND GAS METER.

2003 S Loomis Street, Chicago

$2,000,000

12785939 MLS ⋅ NEW Status

163 W. Division Street Chicago, A RARE INVESTMENT OPPORTUNITY IN A PRIME CHICAGO LOCATION! Financial Package Can Be Requested. Exceptional opportunity to own five beautifully furnished Units Currently operating as a successful Airbnb, ideally situated between the prestigious Gold Coast and historic Old Town neighborhoods. This highly desirable Near North Side location offers outstanding walkability, convenient public transportation, and easy access to some of Chicago's most popular dining, shopping, entertainment, and cultural destinations. The Gold Coast is renowned for its upscale lifestyle, beautiful tree-lined streets, historic mansions, luxury residences, designer boutiques, and celebrated restaurants. Residents and visitors enjoy the vibrant dining and nightlife along Rush Street and Division Street, premier shopping along Oak Street and the Magnificent Mile, and convenient access to Oak Street Beach, the Lake Michigan lakefront and scenic walking and biking paths. Nearby attractions include the Newberry Library, 360 CHICAGO Observation Deck, and the Museum of Contemporary Art. Historic Old Town is Just a short walk away and offers a distinctive blend of historic charm and lively urban energy, known for its picturesque residential streets, vintage architecture, unique boutiques, neighborhood restaurants, and vibrant entertainment scene, Old Town is home to the world-famous Second City comedy theater, the historic Old Town Triangle District, and the popular Wells Street corridor, featuring an array of dining, nightlife, and entertainment options. Its inviting neighborhood atmosphere and proximity to downtown make it an enduringly desirable destination for residents and visitors alike. Enjoy easy access to Chicago's premier attractions, including the Magnificent Mile, Oak Street Beach, Lincoln Park, the Chicago lakefront, and the city's renowned restaurants, shopping districts, and cultural venues. The nearby CTA Red Line at Clark/Division provides convenient connectivity throughout the city, making this location attractive to both long-term residents and visitors seeking an authentic Chicago experience. An outstanding opportunity for investors! These five-unit property offers the potential to lease all five units for traditional rental income or explore the opportunity to continue the existing successful Airbnb business. With its prime location, walkable surroundings, and access to Chicago's most desirable neighborhoods, this property presents an exciting opportunity for investors seeking to expand their portfolio in a sought-after urban market. A rare opportunity to capitalize on the appeal of Chicago's Gold Coast and Old Town neighborhoods in one strategic investment. Investor has the option to continue Airbnb or Lease units out. No caps or rental restrictions in this building.

163 W Division Street, Chicago

$250,000

12778120 MLS ⋅ ACTIVE Status

Prime Corner Commercial Investment Opportunity in the Woodlawn Redevelopment Corridor Located at the high-visibility corner of 65th Street and St. Lawrence Avenue in the rapidly evolving Woodlawn neighborhood, this versatile multi-unit commercial property presents exceptional upside for investors, developers, owner-users, and entrepreneurs seeking to capitalize on one of Chicago's emerging growth corridors. *Two units require roof replacement. Those units need repairs. Buyer to verify all roof and unit conditions during inspection. Price reduced to reflect roof replacement and unit repairs; sold as is.* This approximately 2,980 square foot commercial property features five retail/commercial spaces with a mix of turnkey occupancy and value-add redevelopment potential. Existing improvements include: * Fully built-out hair salon with modern styling stations and furnishings * Professional office suite with reception/waiting area * Multiple storefront entrances providing flexibility for multi-tenant occupancy * Updated mechanical systems including newer HVAC and water heater * Strong visibility and neighborhood presence * Flexible floorplans suitable for retail, beauty, office, creative workspace, service businesses, storage, or mixed commercial use Three additional units present an outstanding opportunity for customization, repositioning, or income-producing redevelopment. **Schedule your showing today and envision the possibilities!**

6501 S Saint Lawrence Avenue, Chicago

$975,000

12784980 MLS ⋅ ACTIVE Status

PRICE REDUCED FOR IMMEDIATE SALE! This fully renovated multifamily property presents a turn-key investment opportunity with full occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today's renters seeking both style and functionality. The renovations enhance the property's long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.

1813 S Ashland Avenue, Chicago

$969,000

12782675 MLS ⋅ ACTIVE Status

Opportunity meets location on this corner lot in west lakeview! Four residential apartments and one commercial office make up this corner building in one of Chicago's most in-demand rental pockets. All units are move-in ready. For the investor who wants to push harder, updated kitchens, baths, and finishes could bring the building to the top of the market. Proforma rents in the area are fantastic. The corner lot adds light and visibility, and the large back yard is a rare find for a property this size. The commercial office unit adds a second income stream and balances the building's cash flow. West Lakeview is known for its tree-lined streets, strong neighborhood identity, and easy access to shopping, dining, parks, and transit. Vacancy stays low because demand is steady, so there's less downtime between tenants and more confidence in your projections. Whether you're an investor seeking a value-add multifamily or an owner-occupant who wants the other units to help carry the mortgage, 2877 N Clybourn is a flexible opportunity in a neighborhood with lasting demand.

2877 N Clybourn Avenue, Chicago

$2,150,000

12780789 MLS ⋅ ACTIVE Status

Once in a Generation, The Crown Jewel of Oakland set on a botanical campus spanning 70 feet of frontage. If you seek the best, if you have exquisite taste, if you want a one of a kind with an elevator that opens directly into most apartments with grand terraces, you have arrived. Located in an exclusive community alongside million dollar homes & within 1/4 block of Mandrake Park, 5 minute walk to the lakefront at the very north end of Drexel Blvd, with its idyllic fountain & cul-de-sac is a magical whimsical storybook setting offering 5 Massive full-floor units ultra-luxurious 3-4 Bed/2-3 Bath residences set in a made for TV boutique, elegant, Gothic Greystone. Be inspired by the grand, formal lobby with inlaid stone floors, intricate woodwork, stunning modern art, a crystal cut chandelier & super "mod" LED wall sconces. The elevator opens directly into most residences' private foyer, which leads to a massive great room, with soaring ceilings & 7' tall window bays that capture phenomenal sun soaked south & west vistas up & down lush & forested Drexel Boulevard. Gorgeous plank hardwood floors, which contrast with sleek 7" crown & baseboard moldings, 8' tall solid core doors, polished chrome door handles & accessories, a custom designed & built fireplace with glass, stone & quartz mantel + gorgeous lighting with Decora switches & dimmers. Adjacent to the great room, cook, entertain & eat in a true & REAL gourmet kitchen with 1 1/4" thick quartz countertops, a massive work island with bar stool seating, state-of-the-art stainless appliances, a multi burner stove, tunnel exhaust hood, dishwasher, 36" refrigerator with ice & water dispensers, built-in microwave drawer & brilliant porcelain full height backsplashes. Other features include strategically placed cable & electric for flat screen televisions, Hi Efficiency HVAC, high tech LED lighting & many other features. Gracious jaw dropping primary bedroom suite with an infusion of natural light from tall south facing windows, enormous walk-in closet is ready to house a large wardrobe, with custom double hanging SS organizers some which include 20 lineal feet of hanging & 55 lineal feet of shelves. Resort Luxury spa bathroom with heated porcelain tile heated floors, steam shower, quartz bench, a custom designed floor to ceiling glass wall & door system, a rain shower, handheld shower & separate body washes, 6' air bath, a wall mounted floating double bowl vanity & two large mirrored medicine cabinets. Numerous oversized rear terraces offer respite to enjoy cocktails, read a book or have breakfast through dinner, private & spacious with sweeping downtown views. Full Laundry Center complete with full size washer & dryer, countertops & cabinetry cabinets. Enjoy fully curated exotic botanical gardens fully with specimen trees & bushes, many grafted, from around the world, including Japan, various countries in Eastern Europe, Canada & the USA ( all irrigated controlled by app) topped off with 9 car garage (2 of 9 Tandem). Fully stabilized with exceptional longer term tenants, this stunning, unique, trophy property offers a rare hybrid opportunity pairing investment with legacy. Full financials, floorplans, survey, and extensive pictures available. Actual Annual Income $213,045/NOI $141,525 / 6.5CAP Pre Approved buyers only. 48-72 hours' notice to show M-F (no weekend showings)

3967 S Drexel Boulevard, Chicago

$1,149,000

12777232 MLS ⋅ ACTIVE Status

Investment opportunity featuring a solid brick 4 unit main building & rehabbed 4 bedroom Coach house. Each unit in the main structure consists of 4 rooms, 2 bedrooms, and 1 bath, Hardwood floors throughout, Updated kitchens and baths & Newer windows. The main building offers common laundry and additional storage. Huge rehabbed 4-bedroom, 1.5-bath duplex-up coach house offering a spacious and modern layout ideal for owner-occupancy or premium rental income. Features include: Refinished hardwood floors, Updated kitchen with stainless steel appliances, In-unit laundry, Central air conditioning, Multiple walk-in closets and ample basement storage, private office space, private deck

827 N Fairfield Avenue, Chicago

$2,395,000

12775292 MLS ⋅ ACTIVE Status

Trophy building at the heart of Lincoln Square, a highly visible corner across from Welles Park and Small Cheval. The building is anchored by L&M Deli, a neighborhood staple serving deli sandwiches, high-end groceries, as well as beer, wine, and liquor. In addition, there are four large apartments (1) 3 bed / 1 bath and (3) 2 bed / 1 baths. The building underwent significant renovation in 2007 including the replacement of all copper water lines, all electric, a new main water line, new windows, and the cosmetic renovation of all units. In 2022, new HVAC was installed for all of the retail space. The apartments all have central air AC with clean, rental quality finishes (hardwood floors, laminate counters, and entry level appliances). Laundry is a shared community room on the 2nd floor of the building. L&M Deli has been in business at this location for six years with four years remaining on their lease and (2) five-year options. The space has had extensive upgrades including two large, walk-in freezers, a 1,500 SF air-conditioned prep kitchen in the basement, as well as ventilation and black iron for the kitchen. In-place gross revenue is $229,000; a 10.26x Gross Rent Multiple; and a 6.9% cap rate on in-place income. Existing apartment rents are below-market, averaging $2,173 for the 2 Bed / 1 Bath units and $2,575 for the 3 Bed / 1 Bath. If rest to market rents, a new buyer could achieve stabilized gross revenue of $250,000 within one year of ownership; a 9.6x stabilized Gross Rent Multiple and a 7.7% return-on-cost. A new buyer has the opportunity to mark the existing apartment rents to market amid growing rental pressure and a lack of available supply, all while owning a trophy building with cash flow in place.

4363 N Lincoln Avenue, Chicago

$194,900

12772604 MLS ⋅ ACTIVE Status

EXCELLENT INVESTMENT & VALUE-ADD OPPORTUNITY IN HISTORIC ENGLEWOOD! Outstanding mixed-use brick building offering strong cash-flow potential and flexible revenue streams. Ideal for savvy investors, developers, or business owners looking to establish a footprint in a rapidly redeveloping neighborhood. 2ND FLOOR RESIDENTIAL: Features two spacious 3-bedroom, 1-bathroom apartments. Great unit layouts with ample room to add value and maximize market rents. 1ST FLOOR COMMERCIAL: Comprises three commercial spaces, including an established lounge venue setup. Perfect configuration for retail, service businesses, office space, or dining/entertainment concepts to generate multi-stream commercial income. Property is sold strictly in AS-IS condition. Seller will provide no surveys and no seller disclosures. Real estate taxes prorated.

7357-59 S Halsted Street, Chicago

$818,900

12773146 MLS ⋅ ACTIVE Status

6915 S. Peoria is a newly renovated, 5-unit apartment building located on an excellent block in Chicago's up & coming Englewood neighborhood. This asset has undergone a full renovation in 2025 & 2026. The scope of work includes (among other things) 5 new GFA/ACs, 2 new tankless hot water heaters, new appliances and a new roof. The Projected cap rate will be in-excess of 13 pct and the unit mix of this property is truly unique and is composed of 5 HUGE apartments (2 x 3/2s, 2 x 4/2s & 1 x 5/2). Hungry? Sustenance at Aldi & Whole Foods are just 3 & 4 minutes away respectively. Need to get back to the office? The CTA's Halsted Green Line stop is 2 minutes from your front door. Need to get out of Dodge? The Eisenhower Expressway is a 4-minute drive due South. 6th Ward Alderman Roderick Sawyer runs the show.

6915 S Peoria Street, Chicago

$415,000

12770165 MLS ⋅ ACTIVE Status

FULL-BRICK 5-UNIT MULTI FAMILY INVESTMENT - NEAR DOWNTOWN OAK PARK - Rare opportunity to own a meticulously maintained, full-brick 5-unit apartment building on a quiet residential street, just over one mile from vibrant Downtown Oak Park and approximately eight miles from Downtown Chicago. This well-maintained multifamily property offers five spacious units, strong rental appeal, and excellent investment potential. Each apartment features generous living space and functional floor plans designed to appeal to today's renters. Property Highlights: Full-brick construction - 5 spacious apartment units - Private parking lot with up to 7 vehicles - On-site coin-operated laundry with additional income potential - Separate hot water tanks for each unit - Well-maintained building and grounds - Quiet residential location near Downtown Oak Park - Close to shopping, dining, parks, public transportation, and Chicago. The owner currently pays heat for four of the five units, along with common-area electric, water, insurance, and real estate taxes. The garden unit tenant pays their own utilities. With its solid brick construction, oversized apartments, off-street parking, and desirable location, this property offers an excellent opportunity for investors looking to expand their portfolio or acquire their first multifamily property. A rare combination of location, functionality, and long-term investment potential.

5220 W Washington Boulevard, Chicago

$799,000

12760897 MLS ⋅ ACTIVE Status

Chicago

$1,425,000

12761705 MLS ⋅ ACTIVE Status

Welcome to 838 N. Wolcott Avenue (the "Property"), a light value-add multifamily asset ideally positioned in the heart of Chicago's highly sought-after East Village / West Town neighborhood. Situated just north of the vibrant Chicago Avenue retail corridor, the Property offers investors the rare opportunity to acquire a well-maintained, cash flowing asset with meaningful rental upside in one of Chicago's strongest and most supply-constrained rental submarkets. The Property consists of three (3) 2 Bed / 1 Bath + Den units and two (2) 1 Bed / 1 Bath + Den units. These spacious floor plans are uncommon within the surrounding submarket and appeal to a broad tenant base seeking larger living spaces, work-from-home flexibility, and convenient access to the neighborhood's retail and dining amenities. Current ownership has invested significant capital into both the building's physical structure and major mechanical systems. Recent improvements include a complete tear- off roof and tuckpointing in 2024, basement repairs and a new basement entry door in 2025, and a new central A/C condenser in 2024. Unit-level mechanical updates have also been completed throughout the Property, including a new water heater and washer/dryer in Unit 1F (2025), a new washer/dryer in Unit 1R (2026), a new water heater and washer/ dryer in Unit 2F (2024) along with a new refrigerator in 2025, and a new dishwasher and faucet in Unit 3F (2024) followed by a new water heater and washer/dryer in 2025. The rear units have been renovated with condo-quality finishes, featuring stainless steel appliances, espresso and white cabinetry, granite countertops, and hardwood flooring throughout. Positioned one block north of Chicago Avenue, residents are within walking distance of notable local and national destinations including Lush Wine & Spirits, Beatnik, Forbidden Root, Opart Thai House, Arami, Roots Pizza, West Town Bakery, and the Chicago Public Library. The Property also benefits from exceptional transit connectivity, located approximately 0.2 miles from both the Kennedy Expressway and the CTA Blue Line, providing seamless access to Downtown Chicago, O'Hare International Airport, and surrounding neighborhoods. With its premier West Town location, oversized floor plans, recent capital improvements, and clear path to future rent growth, 838 N. Wolcott Avenue represents an exceptional opportunity to acquire a stable, operationally efficient multifamily asset with long-term upside in one of Chicago's most competitive rental markets.

838 N Wolcott Avenue, Chicago

$1,400,000

12748590 MLS ⋅ ACTIVE Status

BUCKTOWN MULTI-UNIT INVESTMENT OPPORTUNITY ON ARMITAGE AVENUE! Rare opportunity to own a distinctive greystone building in the heart of Bucktown. The property is a legal five-unit building with an additional non-conforming basement unit, offering six residential units in total: four 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Each unit features central air conditioning and forced-air heat. Additional improvements include a new concrete parking pad and new fencing, providing valuable off-street parking and enhanced exterior appeal. Ideally located near Bucktown's restaurants, shopping, entertainment, transportation and parks. An excellent opportunity for investors seeking multiple income-producing units in one of Chicago's most desirable neighborhoods.

2135 W Armitage Avenue, Chicago

$1,450,000

12758488 MLS ⋅ ACTIVE Status

Rare Little Italy/University Village multifamily investment opportunity at 827 S Carpenter Street. The property features five residential units, approximately 4,575 SF of building area on a 2,500 SF lot, and RT-4 zoning. Ideally located near UIC, Taylor Street, the Illinois Medical District, public transportation, restaurants, and neighborhood amenities. Strong rental history with additional income from on-site coin laundry. All units are currently leased through July 31, 2027. City of Chicago Certificate of Zoning Compliance reflects five dwelling units. Property is being sold subject to existing leases. Please do not disturb tenants. Proof of funds or pre-approval required prior to scheduling showings. Buyer to independently verify zoning, unit configuration, square footage, and all property information.

827 S Carpenter Street, Chicago

$595,000

12751678 MLS ⋅ ACTIVE Status

Exceptional investment opportunity! This well-maintained 6 unit multi-family property offers a total of 10 bedrooms and 6 bathrooms, making it ideal for both long term and short term rental strategies. Proforma is in additional document tab. Each unit features its own kitchen, living room, and dining area, offering comfortable, fully independent living spaces for tenants or guests. The property is equipped with a 24 hour security surveillance system for added peace of mind. Exterior amenities include six dedicated parking spaces for residents and guests. Two units are currently under 1 year lease, providing immediate, stable income. Three units are operating as active Airbnb rentals. One additional unfinished basement unit needing total renovations presents an opportunity for updates and added value.

8624 S Maryland Avenue, Chicago

$2,795,000

12747228 MLS ⋅ ACTIVE Status

Presenting 3124 N. Broadway, a five (5) unit mixed-use investment on the Broadway retail corridor in premier Lakeview East. The 3,800 SF ground-floor storefront is occupied by Oak & Honey, an established bakery and bistro under lease through September 2029 currently at $32.96/SF, secured by two absolute personal guaranties with two five-year renewal options extending term to 2039. Four 900 SF two-bedroom/one-bath apartments, renovated in 2020, offer hardwood floors, custom fixtures, stainless-steel appliances, in-unit laundry, and individual central HVAC. All units are separately metered and the commercial tenant reimburses $30,819 annually in tax, insurance, and utility recoveries. Five rear parking spaces. Fully occupied with contractual rent growth and upside.

3124 N Broadway Street, Chicago

$1,425,000

12746647 MLS ⋅ ACTIVE Status

Fully Renovated 5-Unit Masonry Brick Mixed-Use Building Located on Pilsen's 18th Street Retail Corridor. The property includes (2) 3 bed, 2 bath residential apartments plus (3) built-out commercial units, offering strong in-place income in a prime Chicago neighborhood. The building was gut renovated in 2017-stripped to the floor joists and completely rebuilt, featuring updated interiors throughout. The residential units offer modern kitchens with stainless steel appliances, exposed brick accents, hardwood flooring, and excellent natural light. Current ownership has completed extensive additional capital improvements, including a new coach house roof, parapet wall reconstruction, Hardy board siding, masonry updates, replacement of multiple water heaters, added windows and lighting, a Doorbird entry system, and further updates to the residential units. Ownership also oversaw the buildout of all three commercial spaces and secured a new long-term tenant, Vela Spa. Ideally located near UIC, downtown Chicago, Cinespace Film Studios, and some of Pilsen's most popular restaurants, retail, and entertainment. Easy access to Metra and CTA transit. The property currently generates $155,112 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors at an 8.14% cap rate!

965 W 18Th Street, Chicago

$1,425,000

12746222 MLS ⋅ ACTIVE Status

965 W 18Th Street, Chicago

$1,499,000

12730594 MLS ⋅ ACTIVE Status

Exceptional Turnkey 5-Unit Asset in Prime Pilsen with Strong 7.15% Cap Rate & Significant Immediate Upside. Originally reconfigured as an owner-occupied building. Highly lucrative, fully permitted 5-unit commercial residential building situated on a prominent corner lot in Pilsen. Extensively gut-rehabbed to the studs between 2013-2023 with all-new building systems, modern layouts, and premium finishes. Operating at a strong 7.15% current Cap Rate with a projected 1.42 Debt Coverage Ratio (DCR), this asset offers rare immediate bankability and day-one cash flow. UNMATCHED VALUE-ADD OPPORTUNITY: The 1st-floor 1,500 sq. ft. 1BR/1BA loft tenant is vacating, creating an immediate, frictionless opportunity to capture a massive market rent increase or split the oversized floor plan to maximize total yield. Both 1701 W 21st St and 2102 S Paulina St addresses included in sale on single PIN. PREMIUM MECHANICALS & INFRASTRUCTURE: Fully updated water service replaced with copper directly to the city main. Low expenses: Tenants responsible for utilities with separately metered gas and electric. Individual furnaces, central AC, and separate tank/tankless water heaters for every unit. Attached 2-car garage off the alley providing additional premium rental income. Full unfinished basement housing utilities with storage spaces for tenants. HIGH RENTER RETENTION: Well-appointed apartments feature stone/quartz countertops, stainless steel appliances, premium hardwood or engineered flooring, masterfully tiled baths, and convenient in-unit washers and dryers. Superb location with immediate access to Pilsen public transit. Currently self-managed with zero historic vacancy. Clean rent roll, P&L, and T12 commercial underwriting documents available upon request.

1701 W 21St Street, Chicago

$449,000

12728679 MLS ⋅ ACTIVE Status

Five storefronts at the corner of 79th & Eberhart, 4 storefronts facing high-traffic, busy 79th Street, and 1 facing Eberhart. Rear assigned parking spaces. Great visibility, long-term tenants, and two units currently available for rent. Bus stop in front. Tenants pay electric & heat. Taxes have not been appealed. Located TIF area. New roof 2025, 7908 Eberhart, new floors, and renovated bathrooms. No basement. Please do not disturb the tenant and/or employees. Investment opportunity or owner-occupant investment.

451-457 E 79Th Street, Chicago

$1,650,000

12674941 MLS ⋅ ACTIVE Status

Updated five-unit mixed-use building in a prime Logan Square location. The property features four residential units, each offering two bedrooms and one bathroom, situated above a ground-floor commercial space. Recently updated 5 units. All residential units include high-end stainless steel appliances, quartz countertops, soft-close cabinetry, and in-unit laundry. The deep rear lot provides parking for all five units. The adjacent vacant lot at 3423 W. Armitage Avenue, previously listed under MLS #10830668, may also be available for $300,000.00, offering investors additional redevelopment, expansion, or business opportunities. An excellent investment opportunity in one of Chicago's most desirable and rapidly developing neighborhoods Next-door land is for sale too,

3421 W Armitage Avenue, Chicago

$1,150,000

12717639 MLS ⋅ ACTIVE Status

Incredible Investment opportunity! CASH COW 5-unit +1 multi-family - Boasting about 5,070 SF , This building has been very well-maintained building, all units have their own newer furnaces and newer A/C units. The whole building is truly in remarkable shape! The Roof is in immaculate shape. There is also a three-car Solid all cinder-block detached garage, plus a cemented side apron parking spot next to the garage. The property also offers coin-operated washer & dryer facilities for tenants. The rental potential in this area is truly AMAZING! Turn Key, Cash Cow!

2747 N Oak Park Avenue, Chicago

$1,398,000

12704908 MLS ⋅ ACTIVE Status

Well-qualified asset with solid income and ADU upside-bring your best offer. Exceptional investment opportunity in Belmont-Cragin area. Recently rehabbed 5-unit building of which 4 of the 5 units have 3BR, 1Bth and 0ne unit has 2BR, 1Bth. Excellent income producing building. There is an opportunity to add ADU with Plumbing and Electric already roughed in. It has 4-car detached garage. All units have separate HVAC and tankless water heater. All units are currently leased. Tenants pay gas, and electric. Cap Rate 7.36

2207-09 N Mango Avenue, Chicago

$475,000

12691638 MLS ⋅ ACTIVE Status

Exceptional cash-flow opportunity in Chicago's Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.

1526 W 89Th Street, Chicago

$950,000

12682267 MLS ⋅ ACTIVE Status

Exceptional Investment Opportunity in the Heart of Pilsen! Located right on 18th Street in Chicago's thriving Pilsen neighborhood, this mixed-use property offers tremendous potential for developers, investors, and entrepreneurs. Boasting approximately 6,000 square feet, the building features a commercial storefront on the first floor and four residential apartments above. The property has been completely gutted, providing a blank canvas for your vision and eliminating the time and expense of demolition. With the heavy lifting already completed, investors can move directly into the design and renovation phase. Whether you're looking to create modern residential units, capitalize on mixed-use income potential, or reposition the asset for long-term appreciation, this property offers endless possibilities. Situated in one of Chicago's most vibrant and rapidly growing neighborhoods, you'll benefit from strong foot traffic, popular restaurants, local businesses, public transportation, and easy access to downtown. Opportunities like this are rare... Bring your ideas and unlock the full potential of this prime Pilsen location.

1321 W 18Th Street, Chicago

$255,000

12681697 MLS ⋅ ACTIVE Status

Located along the rapidly re-emerging 79th Street Corridor in HIGHLY SOUGHT-AFTER SOUTH SHORE, this MIXED-USE investment opportunity offers tremendous upside for investors and owner-operators alike. The property features approximately 4,900 SQUARE FEET OF COMMERCIAL STOREFRONT SPACE, two OVERSIZED 3-BEDROOM residential units, and PARKING FOR 5+ VEHICLES. This B3-2 ZONED asset is WELL-POISED for stabilization, repositioning, or long-term REDEVELOPMENT, with potential access to valuable funding resources including TIF, SBIF, CDBG, NMTC, energy efficiency incentives, and other community development programs designed to enhance investment returns. With its PROXIMITY to the OBAMA PRESIDENTIAL CENTER, the emerging QUANTUM CAMPUS DEVELOPMENT, the lakefront, public transportation, and ongoing infrastructure investment, this property offers the flexibility and location investors seek in a growing market. Sold AS-IS, WHERE-IS. Come to one of our Hard Hat walk throughs or schedule your private tour today and discover the potential this strategic acquisition can deliver.

2032 E 79Th Street, Chicago

$5,200,000

12672585 MLS ⋅ ACTIVE Status

Tremendous opportunity for user to buy awesome brick flexicore office building for their business and tremendous additional income. Remodeled multi use professional offices in elevator building in fantastic Edison Park neighborhood in northwest Chicago. Awesome off street parking. Near all modes of public transportation. Landlord pays heat, air conditioning, cleaning for your space and common areas, and no charge for taxes. Nice granite lobby with waiting area. Located on street with multiple thriving restaurants and various other businesses. Individual offices sizes vary from 200 sqft to 4000 sqft with great full service leases. For financials and other information contact listing agent. Call listing agent if interested in renting office space

6650 N Northwest Highway, Chicago

$1,099,000

12661151 MLS ⋅ RE-ACTIVATED Status

PRIME INVESTMENT OPPORTUNITY---8.1 CAP RATE---FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. Rent increases coming in September. ALL TENANTS ARE ON YEARLY LEASES EXCEPT FOR 5822 WHICH IS M-T-M. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel. 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.

5620 N Western Avenue, Chicago

$1,250,000

12635682 MLS ⋅ ACTIVE Status

Five units. Two buildings. Value-add opportunity in one of Chicago's most coveted neighborhoods. This classic East Humboldt Park brick 3-flat plus coach house sits just steps from the energy of Division Street and Milwaukee Avenue - walkable to Big Star's legendary tacos, Bongo Room brunch, Antique Taco, and the boutique shops, vintage stores, and nightlife that make this corridor one of the most sought-after in the city. Two blocks away, Humboldt Park delivers 207 acres of green space, a stunning lagoon, the beloved boathouse, walking and biking trails, and some of the most beautiful mature tree canopy in Chicago. The Blue Line is right there. The 606 trail is close. In a market where renters compete fiercely for quality units, this is the address that wins. The front building delivers three spacious 2-bedroom, 1-bath apartments - each featuring a sunroom, living room, kitchen, and timeless Chicago brick character - with genuine upside for the investor willing to roll up their sleeves. Kitchens and baths are ripe for updates, and this neighborhood rewards every dollar invested. The full unfinished basement offers coin-operated laundry with room to add a second washer/dryer and built-out storage lockers for all five units - bikes, gear, the works. Out back, a shared yard with a pergola creates rare outdoor living space that tenants love and prospects remember. The coach house delivers two beautifully renovated open-concept studios, each with a full bath and modern finishes; the second-floor unit is flooded with natural light. Recent improvements include new front stairs and replacement windows. Tenants pay their own electric and heat; owner expenses are limited to water, trash, insurance, and first floor and common area electric.

2711 W Haddon Avenue, Chicago

$990,000

12576668 MLS ⋅ ACTIVE Status

Long time owner says SELL! Location, Location, Location. Solid brick and mortar five unit armchair investment on Chicago's Northwest side. Convenient to ALL modes of transportation: bus, EL train, 90/294 and O'Hare. 12 miles to downtown. Easy street parking in front plus 20 car parking lot behind the building. Contact broker for rent roll.

7133-7143 W Higgins Avenue, Chicago

$1,250,000

12612659 MLS ⋅ ACTIVE Status

4054 N Western Avenue, Chicago

$550,000

12594306 MLS ⋅ ACTIVE Status

Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and first-, second-, and third-floor units overlooking Washington Park-a strong draw for future tenants. Architectural plans for a 6 unit configuration are available, and the seller is willing to share plans with qualified buyers. Surrounded by ongoing new construction and redevelopment, this is an excellent opportunity for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. Sold as-is.

5930 S King Drive, Chicago

$1,190,000

12560643 MLS ⋅ ACTIVE Status

Turnkey 5-Unit Investment | 10 Cap Rate | $140K+ Gross Income | 1:100 Rent-to-Price Hard-to-find combination: a fully gut-rehabbed property generating a 10 in-place cap rate in an upcoming area. The property generates over $140,000 in annual gross income and an approximately 1:100 collected-rent-to-purchase-price ratio, offering investors strong current cash flow from day one. The entire building was completely gut-rehabbed in 2022, including new electrical, plumbing, water lines, gas lines, roof, flooring, walls, kitchens, bathrooms, and appliances. The major capital improvements are already completed, minimizing deferred maintenance and near-term capital expenditure needs. All five units are currently occupied by long-term tenants, with many having renewed multiple times. The property also generates additional income from laundry. For investors, this offers an attractive combination of renovation quality, strong cash flow, stable occupancy, and future upside-without the cost and uncertainty of taking on a major rehab. Properties offering a 10 cap rate after a complete gut rehab are difficult to find. If you are looking for a cash-flowing, turnkey multifamily asset in an emerging area, contact us today for the rent roll, financials, and to schedule a private showing.

2159 N Laramie Avenue, Chicago

$489,000

12534074 MLS ⋅ ACTIVE Status

Introducing 2916 w 25th place a legal 5 unit property with an all-brick 4-unit building in the front and a coach house in the rear. Conveniently located close to all that little village has to offer. It is perfect for either an owner-occupant or an investor. this property is a fantastic investment. The building is commuter-friendly, with nearby shopping, dining, and recreational options. It's within walking distance to schools and public transportation, and just minutes from I-55 and I-290, providing easy access to downtown. this is an amazing income maker that is professionally managed grossing nearly 54k a year will all unit rented below market and room to raise rents significantly without doing much of anything. This is the unique multi-unit property you've been searching for!

2916 W 25Th Place, Chicago

$799,000

12533177 MLS ⋅ ACTIVE Status

This mixed use property has 4 separate addresses on approx 5 city lots. 3612 W. Roosevelt Rd. has two renovated residential apts above approx 4,500 sf of WH/Storage. One of the apartments is a 3 bed/1 bath unit, and the other is a 2 bed/1 bath unit, each comprising approx 1,350 s.f. 3614 and 3616 W. Roosevelt Rd. are connected internally, and this space has approx 4,800 sf of total space, with approx 750 sf of this space being used as offices, and the rest as warehouse space. Some of this space is used as cold storage. 3618 W. Roosevelt Rd. is almost entirely paved land - with no improved structures, but does have a small covered loading dock in the rear of the lot. This area is used for loading and truck parking. In sum then, there is approximately 9,300 sf of Office and Warehouse space, with another 2,600 sf of land used for a loading area, and 2 renovated apartment units totaling another approx 2,700 sf of living space. Listing includes 3612, 3614, 3616, and 3618 W Roosevelt Rd.

3612 W Roosevelt Road, Chicago

$649,000

12476763 MLS ⋅ ACTIVE Status

Well-located on Belmont Avenue just east of Long Avenue, this 4,892 SF single-story fully occupied neighborhood retail property is available for sale. The building is comprised of five retail storefronts, two have been recently combined. The tenants include a restaurant, law firm, Seattle Sutton and a door company. The facade has been recently updated with new windows that provide excellent visibility and curb appeal. The Belmont Cragin community has benefited from steady growth in population and renewed investment. Local businesses enjoy a strong residential consumer base, great public transportation, and quick access to the Expressway.

5353 W Belmont Avenue, Chicago

$1,199,000

12442792 MLS ⋅ ACTIVE Status

Major intersection at the corner of Diversey Ave./Laramie Ave., commercial corridor with dense pedestrian traffic count, strong street presence and visibility. 5-Leased retail stores in the middle of heavily business/commercial district. Across the street from Walgreens and Currency exchange stores. Approximately, 7,500 Sq. ft. building. 4-Tandem parking spaces in the rear of the building. Well populated commercial and residential neighborhood. Multiple pins, Pin #: 13284000010000 $ 13,120. Pin # 2: 13284000020000, for $ 5,553 Pin # 3: 13284000030000 for $ 10,185.

5159 W Diversey Avenue, Chicago

$1,599,000

11198211 MLS ⋅ ACTIVE Status

21875 SF LOT ON BELMONT AND CENTRAL, BUILDING ABOUT 7000 SF

5500-14 W Belmont Avenue, Chicago

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