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Are you thinking about buying or selling a Portage Park apartment building? Portage Park offers plenty of options when it comes to multi-family real estate. It is conveniently located in the northwest side of Chicago with easy access to major transportation including the Metra, CTA Blue Line and interstate I90 & I94. You will also find one of the largest city parks in the area located at Central Ave and Irving Park Rd., Portage Park.
Search all properties available for sale in Portage Park, Chicago Il 60641
Portage Park offers a variety of apartment buildings with the majority of them being two flats and three flats. You will also find four flats and plenty of commercial multi-use buildings with 5+ units. Many of the brick two flats were built in the 1920’s and some of the newer brick buildings were built in 1960-1970. Most of the “long time” owner occupants are now retirees.
Prices for Multi-family real estate in Portage Park have skyrocketed in the last 8 years. In March 2012 the median sales price was at approximately $197,500 and in March 2020 the median sales price was just over $400,000. That’s double the price or a 100% appreciation of your investment.
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 Portage Park 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.