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

$850,000

7 Beds ⋅ 3 Baths ⋅ 12749582 MLS ⋅ CLOSED Status

Best and final due 9/13 at 10AM. JUMBO BRICK LEGAL 3-FLAT on an EXTRA-WIDE 31' x 126' LOT! An exceptional opportunity for both investors and owner-occupants, this well-maintained three-unit property offers 7 total bedrooms and 3 bathrooms with generously sized interiors throughout. The building features a 1-bedroom/1-bath garden unit and two spacious 3-bedroom/1-bath residences on the first and second floors. All three units underwent extensive renovations in late 2020, including remodeled kitchens and bathrooms and updated appliances, creating move-in-ready spaces while maintaining the building's original character and woodwork. Each residence offers an extra-wide floor plan, spacious rooms and large eat-in kitchens. Three separate HVAC systems allow tenants to control their own gas and electric, while water, sewer and garbage are included. Additional features include coin-operated laundry, basement and rear-stairwell storage, a fenced backyard with patio space, and a 2-car garage with covered parking. Ideally located just three blocks from the Addison Blue Line with convenient access to I-90/94, shopping, dining and neighborhood amenities. With strong rental appeal, potential for increased rents, an extra-wide lot and substantial updates already completed, this is a compelling opportunity to live in one unit while generating income from the others or add a turnkey multi-unit property to an investment portfolio. All units are currently tenant-occupied; therefore, the property is not available for immediate owner occupancy. Lease dates posted.

3344 N Monticello Avenue, Chicago

$731,000

4 Beds ⋅ 3 Baths ⋅ 12703740 MLS ⋅ CLOSED Status

**Multiple offers received. Highest and best offer due by 5pm on Sunday, Sept. 13th****Hot investment opportunity in Avondale! Beautifully maintained and spacious 2-flat offering a fantastic opportunity for investors or owner-occupants looking to generate rental income. Both units feature the same desirable floor plan with expansive living and dining rooms, large kitchens with walk-in pantries, two bedrooms and a full bath. Unit 1's bathroom has been recently updated with modern finishes. The finished basement adds even more potential featuring a large recreation room, two additional bedrooms, a full bath, and laundry area, making it ideal for an in-law arrangement. Recent updates: fresh paint 2026, new carpet on main level 2026, newer kitchens and baths, water heater 2025, furnace 2019, newer garage, hardwood floors under carpet. Outside, enjoy a spacious deck, veggie garden, and a newer extra tall 2.5-car garage. Whether you choose to rent both units or live in one and rent the other, this property offers excellent versatility. Ideally located just minutes from I-90/94, grocery stores, restaurants and CTA Blue line. Avondale was recently named one of the Coolest Neighborhoods!

3445 N Monticello Avenue, Chicago

$830,000

6 Beds ⋅ 3 Baths ⋅ 12734609 MLS ⋅ CLOSED Status

2826 W. Wellington Ave. is a well-maintained, brick, 3-unit, residential asset located in the heart of Chicago's desirable Avondale neighborhood. The property consists of three spacious 2-bedroom, 1-bathroom floor plans, offering investors a low-maintenance asset with immediate rental upside and no near-term capital expenditure requirements. The property features strong mechanical infrastructure, including newer individual HVAC systems and dedicated hot water heaters for each unit. Unit finishes vary, highlighted by a high-end "owner's unit" on the ground floor that provides premium finishes and immediate flexibility for an owner-occupant or top-of-market rental rates. The "owner's unit" was previously converted from 3-bedrooms to 2-bedrooms, and could easily be converted back to 3-bedrooms. All units are fully equipped with in-unit laundry. Additional value-add potential exists with the detached garage, currently owner-utilized, which can be leased to existing tenants or neighborhood residents for an estimated $250/month. Previously owner-occupied, this property represents an ideal turn-key opportunity for an investor seeking stable cash flow, low operational friction, and clear path to increase the gross income. Located steps from key transit options, residents enjoy fast access to the CTA Blue Line (Belmont and Logan Square stations) and I-90/94 (Kennedy Expressway), along with the vibrant retail and dining corridors along Milwaukee, Belmont, and California Avenues.

2826 W Wellington Avenue, Chicago

$525,000

6 Beds ⋅ 2 Baths ⋅ 12742003 MLS ⋅ CLOSED Status

Here's a property with something developers and investors rarely find: a full 50' double lot in a fantastic Logan Square location with multiple possibilities. The existing frame 2-flat is intended to be rehabbed, while the adjacent vacant lot offers flexibility for a thoughtfully designed new 2-flat that complements the architecture and aesthetic of the block. The vision is simple-and smart. Restore what's here, build what's missing, and create two properties that feel right at home on the block. For the right buyer, the vacant lot could also be left as a private yard or green space, creating an unusually large outdoor oasis alongside the existing 2-flat. Whether you choose to develop the additional lot or preserve it as open space, the flexibility of having an entire 50' double lot is a major advantage. And then there's the location. You're surrounded by some of Logan Square's best neighborhood amenities, with Maplewood Brewery, Regal City North Cinema, Girasole Trattoria, and Boulevard Bistro all nearby. Target and Midtown Athletic Club are within easy reach, while outdoor recreation is just as convenient with Diversey River Bowl, the Chicago River North Branch River Walk, Jimmy Thomas Nature Trail, and Holstein Park and its public pool close by. The land is here. The location is exceptional. And the possibilities are yours. Rehab the existing 2-flat and build a complementary new residence next door-or create the kind of oversized private yard that's increasingly hard to find in Logan Square. Either way, this is a rare opportunity to own a 50' double lot in one of Chicago's most desirable neighborhoods.

2712 N Western Avenue, Chicago

$500,000

4 Beds ⋅ 4 Baths ⋅ 12711167 MLS ⋅ CLOSED Status

Vintage two flat, with spacious duplex apartments. Located 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 7-28-2026.

3013 W Belmont Avenue, Chicago

$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

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Avondale Multi-Family Real Estate Market Report

Sold Listings

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