chicago real estate market

Chicago Multifamily Homes in High Demand

If you’re considering selling your multifamily property, the market is currently on your side. In general, a healthy real estate market has a 3-5% annual appreciation rate. Chicago Multi-family real estate prices have appreciated roughly 40% since January 2015, that’s an 8% appreciation per year. Keep in mind that real estate is local so it is important to research your neighborhood to get accurate data and make a wise determination.

Should I Sell My Property Now?

We are seeing high demand for multifamily homes in certain areas, like in Logan Square where prices have skyrocketed in recent years. There are multiple factors contributing to this trend but most important is the lack of inventory, high buyer demand and flexible financing.

  • Lack of Inventory - No enough properties on the market for buyers to pursue and make offers.
  • High Buyer Demand - Many buyers are investing in 2-flats and 3-flats because of the benefits of having a rental income.
  • Flexible Financing - Banks have great financing options for seasoned and new buyers.

All these three things combined make the perfect recipe for a "sellers’ market". If you can get the highest price for your property now, WHY WAIT?

3 Flats in Logan Square with Multiple Offers

Selling a multifamily home in Logan Square? We have the experience to deliver results! Whether the property is tenant occupied, vacant, or has pending violations we've seen it all.  Just take a look at some of these properties sold by our team.

Logan square 3 flat for sale

Legal 3 Flat in need of updating on an oversized lot, sold with multiple offers and pending violations.


Logan Square three flat for sale

Unique 3 flat Greystone in Logan Square sold with multiple offers. before going on the market and while doing our due diligence we discovered that this home was actually a legal three-unit.

Your Chicago Multifamily Home Source

Selling a multi-family property is not the same as selling a condo or single-family home. Our team can help by providing an in-depth property analysis and help you determine what repairs need to be done before you list your property for sale. We have over 16 years of experience working in Multi-Family real estate sales, contact Jose Hernandez to schedule a private consultation.