Avondale Multi-Family Real Estate Market Report

Our Market Report for Multi-family properties in Avondale includes Active, Under Contract and Sold listings within the last 6 months. Our reports are updated daily for accuracy.

Multi-family real estate prices in Avondale have increased 50% in the last three years. In January 2016 prices were at approximately $300,000 and in January 2019 prices had reached $450,000 and continue to rise.

Sold Listings

$610,000

4 Beds ⋅ 2 Baths ⋅ 12645121 MLS ⋅ CLOSED Status

Amazing Opportunity to acquire a 2 Unit Multi-Family Dwelling Property on Oversized Chicago Lot on a quiet tree lined street in Avondale!!! 1st Floor Unit contains 2 Bedrooms 1 Bath, hardwood floors, formal living and dining rooms and an eat in kitchen with enclosed rear porch. The full unfinished basement has potential to be duplexed down to add additional living space for a combined multi-floor unit. The 2nd Floor unit contains 2 Bedrooms plus a den/office, hardwood floors, formal living room and dining and eat in kitchen. Separate Heating Systems for each unit!!! Cozy and charming rear yard for entertaining and enjoyment!!! Original Woodwork and trim throughout the units. Property has a multitude of potential uses keep as a 2 Flat Investment Property, convert to a Single Family Home or build a new property!!! Sold As-Is!!!!

3456 N Whipple Street, Chicago

$924,077

5 Beds ⋅ 2 Baths ⋅ 12722368 MLS ⋅ CLOSED Status

Located in the heart of Avondale, this well-maintained corner brick 2-flat with a non-conforming garden unit offers exceptional flexibility for investors, owner-occupants, short-term rental opportunities, or a future single-family conversion. Just steps from neighborhood favorites, this prime location enjoys strong tenant demand and is situated on a beautiful, tree-lined block with easy access to the Blue Line and expressways. Filled with natural light, the spacious second-floor unit features three bedrooms and one bath, a refreshed kitchen with white shaker cabinetry and quartz countertops, and a thoughtful blend of hardwood flooring, wood-look tile, and luxury vinyl plank. Stylish window treatments and a private rear porch. The first-floor unit offers two bedrooms, an open-concept living and dining area, and an updated kitchen with white shaker cabinetry and quartz countertops. A charming rear porch extends the living space and has made this unit a guest favorite on Airbnb. The spacious non-conforming garden unit is beautifully finished with one bedroom, a breakfast bar, a large walk-in shower, and a built-in desk-Seller used as their personal in-town unit. All three units feature central heat and air conditioning, in-unit laundry, and updated finishes. Outside, enjoy a nicely landscaped backyard and an oversized detached contractor's garage with ample storage and workspace. With numerous improvements throughout, this turnkey property is a solid investment opportunity in one of Chicago's most sought-after neighborhoods and ready to generate income from day one. (Seller is a licensed Real Estate Broker in the State of Illinois and a Wisconsin REALTOR, but is not the listing agent.)

2857 W Fletcher Street, Chicago

$385,000

5 Beds ⋅ 3 Baths ⋅ 12719652 MLS ⋅ CLOSED Status

Located in the heart of Avondale and owned by one family for nearly 60 years, this value add two-flat is ready for its next owner. The property needs extensive work but has great potential for a buyer to bring their ideas. The duplex-up owner's unit offers three bedrooms, two baths, a large eat-in kitchen and an expansive rear deck. The lower level is barely below grade and is currently configured as a two bed / one bath apartment with great natural light. The property offers a spacious yard, a two-car garage and an extremely walkable location in Avondale. It is a short walk from the Belmont Blue Line stop and near countless community hotspots, including Magnifico Coffee, Chicago Strength, Tune-Up, Sleeping Village, Avondale Tap, Alice's, Central Park Bar, Mother's Ruin, Void, Avondale Park, and so much more!

3323 N Hamlin Avenue, Chicago

$670,000

4 Beds ⋅ 2 Baths ⋅ 12661529 MLS ⋅ CLOSED Status

Located in the heart of Avondale, this well-maintained 2-flat with a non-conforming garden unit offers an ideal blend of investment potential and owner-occupant appeal. Just steps from popular coffee shops, craft breweries, restaurants, and multiple grocery options, the location continues to attract strong tenant demand. The spacious first-floor unit features soaring 10-foot ceilings and an open layout, while the second-floor unit includes the convenience of an in-unit washer and dryer. Each unit offers its own three-season room, and the property features a beautifully landscaped patio and detached two-car garage. Major improvements completed within the last three years include newer HVAC systems for all units, updated electrical, new front and rear exterior doors, refreshed kitchen flooring on the first floor, updated countertops on the second floor, and patio landscaping enhancements. A rare opportunity to own a versatile, income-producing property in one of Chicago's most sought-after neighborhoods.

2846 N Elston Avenue, Chicago

$625,000

10 Beds ⋅ 4 Baths ⋅ 12612450 MLS ⋅ CLOSED Status

Attention Savvy Investors: Discover a rare, high-revenue opportunity in the heart of Chicago's buzzing Avondale neighborhood with this unique multi-unit property. Featuring two separate buildings on one lot, this asset offers a front building with two units and a rear building containing two units plus a finished basement with significant potential for a third garden unit, creating a clear path to a 5-unit cash cow. This value-add canvas is ready for a full renovation to maximize its 3,144 sq. ft. and capture top-tier market rents. Strategically located for low vacancy, the property is just blocks from the Belmont Blue Line station, CTA bus routes, and provides immediate access to I-90/94. Residents will benefit from proximity to Advocate Illinois Masonic Medical Center, the Chicago Police 14th District station, and local education at Linne Elementary. STRICT SHOWING INSTRUCTIONS: This property is occupied-do not disturb the occupants. Review the property photos and schedule your viewing through the listing agent to secure this prime investment!

2814 W Fletcher Street, Chicago

$460,000

4 Beds ⋅ 3 Baths ⋅ 12603533 MLS ⋅ CLOSED Status

Vintage two flat, with lots of potential. Located on a quiet, tree lined street in booming Avondale, with new construction, residential and commercial development all around. Convenient location, offers easy access to downtown, O'Hare, Logan Square and beyond via the Blue Line and highway. Rents are below market value, representing long tenants. Please note: 1) Property As-Is. 2) Exterior and interior dimensions and square footage are estimates. 3) Property is within the jurisdiction of the Northwest Side Preservation Ordinance; tenants may exercise the right of first refusal. 4) Trust Owner Property. 5) Best and final offer on or before 4-14-2026.

3246 N Richmond Street, Chicago

$880,000

5 Beds ⋅ 3 Baths ⋅ 12626475 MLS ⋅ CLOSED Status

This gut-rehabbed two-unit building sits on an incredible extra-wide 33x125 lot in the heart of Avondale, just a 9-minute walk to the Belmont Blue Line stop and steps from endless neighborhood favorites. The property offers a beautiful 3 bed/2 bath owner's duplex-up home with a well appointed 2 bed/1 bath rental unit below. The charming front porch spans the width of the home and looks down School St, a tree-canopied side street. On the main level of the duplex, you'll find a practical layout featuring a large living room with great windows, a single-family-style kitchen with quartz countertops, abundant cabinetry and storage space, stainless steel appliances, designer fixtures and hardware, and a large eat-in island. The dining area sits just off the kitchen, connecting the living space to the oversized rear deck, creating wonderful indoor-outdoor flow that is perfect for hosting. There are two bedrooms with ample closets and large windows, as well as a full bathroom on the main level. The top level offers a gracious primary suite with a walk-in closet and a nicely finished bathroom featuring a dual vanity and large shower. A laundry room is conveniently located just off the primary bedroom, along with a den space ideal for a home office or sitting area. The lower-level rental unit was previously a successful Airbnb but is currently leased furnished to a long-term tenant. This unit will be conveyed fully furnished with the tenant in place, presenting an excellent opportunity for the new owner to seamlessly return to a fully setup Airbnb in the future or continue with attractive long-term furnished leases. The lower level offers high ceilings, large windows with great natural light, two bedrooms with ample storage, a well-appointed bathroom, a spacious living area, and a charming eat-in kitchen. It also features its own laundry/storage room. The yard around the entire property is beautifully landscaped, offering an excellent mix of low-maintenance bedrock and plants, as well as abundant green space. The overwide (33') lot truly feels different than the standard Chicago yard, allowing for more space between neighboring buildings, which improves interior privacy and natural light. There's also a two-car garage, currently used by the owners, that can easily accommodate a third exterior parking spot or additional entertaining area next to it. This home was completely gutted to the studs and fully redone in 2023, including a new roof, Hardieboard facade, vinyl siding, decks, furnaces, A/C units, water heaters, 200-amp electrical service, and brand-new plumbing, electrical systems, windows, doors, and drywall. Located at the intersection of everything that makes Avondale one of Chicago's hottest neighborhoods, it is near countless community hotspots, including WonderPlay and Coffee, Sleeping Village, Avondale Tap, Tune-Up, Alice's, Magnifico Coffee, Chicago Strength, Central Park Bar, Mother's Ruin, Void, Avondale Park, and so much more!

3261 N Central Park Avenue, Chicago

$1,050,000

6 Beds ⋅ 5 Baths ⋅ 12553773 MLS ⋅ CLOSED Status

Great opportunity to own a recently completely gut-rehabbed 3 flat in Avondale. Currently configured as 3 units, the building was initially designed as a duplex up and duplex down. Each unit has spacious floor plans, high ceilings, separate utilities, central heat/air and in-unit laundry. This property is perfect for an owner-occupant or investor looking for an updated, low-maintenance opportunity. The duplex up top floor unit has 3 bedrooms and 2 full bath with a large primary suite that gets great south-facing light and rear decks on both levels. The first floor unit, which is currently vacant, has a gracious 2 bed, 2 bath layout with a bright and airy front living room and spacious eat in kitchen in the rear with sliding doors leading to a attached deck. Both upper units have high-quality bamboo flooring in the living spaces and carpeted bedrooms. A lower level garden unit, which is connected to the first floor by an internal stair, has a full kitchen, polished concrete floors, two separate entrances, in-unit laundry, and generous ceiling heights. All Mechanical, Electrical, Plumbing systems and structural components are from 2019! Located on a one-way street, the home offers outstanding proximity to the dining, shopping, and entertainment of Logan Square and Avondale, with easy access to Milwaukee, Belmont, and Diversey; combined with easy access to the highway and new Belmont blue line station, this is a highly desirable building and location.

3432 W Melrose Street, Chicago

$610,000

5 Beds ⋅ 3 Baths ⋅ 12593059 MLS ⋅ CLOSED Status

WOW!! MUST SEE THIS UNIQUE AND BEAUTIFUL BRICK 2 FLAT BUILDING WITH HIGH CEILING BASEMENT, PARTIALLY FINISHED. INVESTOR OR OWNER-OCCUPIED, GREAT INVESTMENT IN HOT AVONDALE. 2 CAR GARAGE. THE BUILDING NEEDS TLC. PROPERTY SOLD IN "AS IS" CONDITION. CLOSE TO EVERYTHING THAT AVONDALE & LOGAN SQUARE HAVE TO OFFER, RESTAURANTS, COFFEE SHOPS, PARKS, SCHOOLS, GROCERY STORES, TARGET, JEWEL-OSCO AND PORTILLOS. MINUTES FROM THE NEWLY RENOVATED BELMONT BLUE LINE, ADDISON STATION AND METRA STATION. EASY ACCES TO I-90/94. TOO MANY ENHANCEMENTS TO LIST, MUST SEE TO APPRECIATE.

3936 W Cornelia Avenue, Chicago

$683,000

5 Beds ⋅ 3 Baths ⋅ 12587940 MLS ⋅ CLOSED Status

WOW!! MUST SEE THIS UNIQUE AND BEAUTIFUL 2 FLAT FRAME BUILDING WITH FINISHED ATTIC. GREAT INVESTMENT IN HOT AVONDALE. COMPLETELY REMODELED IN 2010, GORGEOUS KITCHEN IN EACH UNIT WITH GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, CENTRAL AIR CONDITIONER IN EACH UNIT. SEPARATED UTILITIES. 2 CAR GARAGE PLUS ONE PARKING SPACE ON DRIVE WAY. NICE PAVER PATIO. CLOSE TO EVERYTHING THAT AVONDALE & LOGAN SQUARE HAVE TO OFFER, RESTAURANTS, COFFEE SHOPS, PARKS, SCHOOLS, GROCERY STORES, TARGET, JEWEL-OSCO AND PORTILLOS. MINUTES FROM THE NEWLY RENOVATED BELMONT BLUE LINE, ADDISON STATION AND METRA STATION. EASY ACCES TO I-90/94. TOO MANY ENHANCEMENTS TO LIST, MUST SEE TO APPRECIATE!

3355 N Hamlin Avenue, Chicago

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