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.
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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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Are you thinking about buying or selling a Logan Square apartment building? Many of our clients have found success investing in Logan Square, especially in multifamily real estate. In the last 7 years Logan Square has seen an influx of real estate investors and first-time homebuyers due to its popularity and proximity to downtown.
Search all properties available for sale in Logan Square, Chicago Il 60647
So what’s so special about these properties? Buying a 2-4 unit building allows you to live in one apartment and rent out the rest. In most cases, the rental income will cover at least 50% of the mortgage. Also, because 2-4 units are considered residential multi-family, the downpayment and financing terms are more attractive when compared to commercial multi-family.
Prices for Multi-family real estate have been increasing substantially in the last 7 years, especially near the 606 Trail. In March 2013 the median price was at approximately $265,000 and in March 2020 the median price was $562,000. That’s over a 110% appreciation. The demand for two-flats, three-flats and four-flats in Logan Square is at all-time high and prices along with multiple offers reflect that.
Looking to buy or sell an apartment building in Logan Square, Chicago? Chicago real estate source brokers have the expertise to help you negotiate a successful sale or purchase of your multi-family home. If you’re looking for a Logan Square real estate broker to help you achieve your goals, call or text us today 312-788-7079 or contact us to schedule a private consultation.