Irving Park Multi-Family Real Estate Market Report

Our Market Report for Multi-family properties in Irving Park 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 Irving Park have increased 24% in the last three years. In January 2016 prices were at approximately $381,000 and in January 2020 prices had reached $473,000 and will continue to rise.

Sold Listings

$925,000

6 Beds ⋅ 4 Baths ⋅ 12676094 MLS ⋅ CLOSED Status

Stately yellow brick 4 flat on the corner of Francisco and Grace in an area screaming with rehabs and new construction. All apartments are in great condition with updated kitchens and baths, refinished hardwood floors and separate heat. Full high basement offers ability to expand living space. All leased apartments with great tenants that share the lovely rear yard. Great income investment Net income $60894. with room to expand. 6% return cash on cash.

2854 W Grace Avenue, Chicago

$730,000

8 Beds ⋅ 3 Baths ⋅ 12662528 MLS ⋅ CLOSED Status

3823 N Bernard Street, Chicago

$1,160,000

7 Beds ⋅ 6 Baths ⋅ 12659691 MLS ⋅ CLOSED Status

On a quiet, tree-lined block in Irving Park, this exceptional brick residence offers a rare alternative to single-family living-delivering expansive square footage, refined design, and remarkable flexibility, all within a fully rebuilt structure. Reimagined from the masonry up, the home lives primarily as a grand duplex-down, where scale and sophistication come together seamlessly. Multiple living areas provide effortless flow for both entertaining and everyday living, while four generously sized bedrooms-including two ensuite retreats-and 3.1 baths create a layout that feels both intentional and indulgent. The fully excavated lower level offers impressive ceiling height and livability rarely found in homes of this vintage, making it a true extension of the main living space. Every finish has been carefully selected to reflect a modern, understated elegance-from wide-plank flooring to sleek, contemporary kitchens with quartz surfaces and premium appliances, to spa-inspired baths designed for comfort and calm. What sets this home apart for the discerning buyer is its built-in versatility. The beautifully finished upper level-complete with 3 bedrooms and 2 baths-can function as a private guest residence, an ideal work-from-home sanctuary, or seamlessly integrate into the main home for those seeking even greater scale. The option exists, without the obligation. This is a home that adapts to your lifestyle-whether you envision expansive single-family living, private quarters for extended stays, or a discreet income-producing opportunity. All of this, set within close reach of Irving Park's restaurants, parks, and transit-offering both neighborhood charm and city accessibility. A truly uncommon offering for buyers who value space, design, and flexibility without compromise.

3941 N Spaulding Avenue, Chicago

$650,000

6 Beds ⋅ 3 Baths ⋅ 12685620 MLS ⋅ CLOSED Status

Beautiful two-unit corner building situated on an oversized lot. Both spacious units feature 9-foot ceilings, extra-large living rooms filled with natural light, three generously sized bedrooms, one full bathroom, and large kitchens with ample space for dining and entertaining. The property needs some updating but offers tremendous potential for investors or owner-occupants. The finished basement, with both front and rear entrances and a full bathroom, provides additional living space and endless possibilities to customize to your needs. A large two-car garage features separate garage doors for added convenience. Ideally located just minutes from the Kennedy Expressway and within walking distance of the CTA Blue Line Addison station, this property offers easy access to transportation and a convenient commute. Enjoy the beauty of Independence Park directly across the street, with its landscaped gardens, flowers, and greenery creating a pleasant and scenic setting. This is a fantastic opportunity to own a property with solid bones, an excellent location, and endless potential for value-add improvements or customization.

3700 N Monticello Avenue, Chicago

$560,000

6 Beds ⋅ 2 Baths ⋅ 12643396 MLS ⋅ CLOSED Status

Located in the heart of Chicago's charming Old Irving Park neighborhood, this 2-unit building is bursting with potential. Featuring a total of 6 bedrooms and 2 bathrooms, this property offers flexibility and opportunity for both investors and owner-occupants alike. With the added option to finish the basement into a livable garden apartment, you could unlock even more income potential or create additional living space tailored to your needs. Currently occupied by long-term tenants, the building provides a steady rental history while leaving room for future updates and personalization. Old Irving Park is known for its tree-lined streets, vibrant community feel, and convenient access to public transportation, shopping, dining, and top-rated schools-making this location as desirable as it is practical. Offered "as-is," this property is the perfect canvas for someone ready to tap into the incredible possibilities of one of Chicago's most sought-after neighborhoods. Don't miss this chance to invest in your future!

3848 W Irving Park Road, Chicago

$600,000

4 Beds ⋅ 2 Baths ⋅ 12586428 MLS ⋅ CLOSED Status

WOW! MUST SEE THIS BEAUTIFUL 2 FLAT BRICK W/FINISHED BASEMENT. FEATURES 2 BEDROOMS IN EACH FLOOR, SEPARATE DINING ROOMS, HARDWOOD FLOORS AND ENCLOSED PORCH. 2 CAR GARAGE WITH ELECTRIC DOOR OPENER AND SEPARATED UTILITIES. SHORT WALK TO EVERYTHING, RESTAURANTS, BARS, ADDISON SHOPPING MALL AND ELSTON PLAZA. TONS OF PARKS AND RECREATION IN THE AREA INCLUDED THE FIRE PITCH, CLARK PARK, BRANDS PARK, HORNER PARK, MCFETRIDGE ICE RINK, WAVELAND BOWL AND MORE. NEARBY SHOPPING INCLUDES MARIANOS, JEWEL OSCO AND HOME DEPOT. EASY ACCESS TO I90/94 AND ADDISON/BELMONT BLUE LINE. TOO MUCH TO LIST. DON'T LET THIS ONE GET AWAY.

3748 N Troy Street, Chicago

$730,000

4 Beds ⋅ 3 Baths ⋅ 12562322 MLS ⋅ CLOSED Status

Classic all-brick Chicago two-flat offering timeless architecture, thoughtful updates, and strong long-term upside. Beautifully updated throughout, the home blends original character with modern improvements, featuring restored woodwork, hardwood floors, newer kitchen appliances, and updated kitchens and bathrooms. A beautifully restored entryway highlights the craftsmanship and pride of ownership throughout. Set on a 36 x 126 lot, the property includes a rare three-car detached garage and rear yard, providing valuable off-street parking and outdoor space. Both units offer spacious, well-proportioned layouts with separate living and dining rooms, abundant natural light, eat-in kitchens, and generously sized bedrooms, while preserving classic Chicago architectural details. Both units are 2BR/1BA with an additional office and enclosed porch. The basement adds exceptional flexibility with recreation space, washer/dryer, storage, workshop and utility areas, plus an additional half bath-ideal for duplexing the first floor down or reimagining the property as a single-family home. Investors will also appreciate the strong income potential and future rent growth opportunities. Ideally located near the Riverwalk, Horner Park, McFetridge Sports Center, top-rated schools, breweries, restaurants, and public transportation. Property offered as-is.

3730 N Richmond Street, Chicago

$1,229,901

8 Beds ⋅ 4 Baths ⋅ 12563896 MLS ⋅ CLOSED Status

Beautifully Updated Brick 4-Unit in Sought-After Irving Park! Don't miss this stunning 4-unit brick building perfectly positioned on the corner of Waveland and Whipple in the heart of Irving Park. Each spacious apartment offers gleaming hardwood floors, abundant natural light, and individually controlled heat and A/C-ensuring year-round comfort and tenant appeal. Modern updates blend seamlessly with classic Chicago charm, including brand-new kitchens and baths, new furnaces, and energy-efficient Navien tankless water heaters. With in-unit laundry in every apartment, this building delivers the convenience today's renters demand. Enjoy peace of mind and reduced maintenance costs thanks to all major systems being recently replaced. The property also features a 3-car detached garage, offering valuable additional income potential. Ideal for investors or an owner-occupant, this turn-key building allows you to live in one unit while collecting rent from the other three-subsidizing your mortgage with ease. All of this in a prime location close to beautiful Horner park, top-rated dining, and convenient public transit. Classic Chicago style. Contemporary comfort. A standout investment opportunity in one of the city's most desirable neighborhoods!

3657 N Whipple Street, Chicago

$695,000

4 Beds ⋅ 3 Baths ⋅ 12545636 MLS ⋅ CLOSED Status

MULTIPLE OFFERS RECEIVED, HIGHEST & BEST DUE 01/29/26 AT 10 AM. Classic all-brick Chicago two-flat offering solid construction, generous room sizes, and meaningful long-term upside. Located on a 36 x 126 lot, the property includes a two-car detached garage and a rear yard, providing valuable off-street parking and outdoor space. Both units feature traditional, well-proportioned layouts with separate living and dining rooms, hardwood floors, original wood trim, and excellent natural light throughout. The kitchens offer eat-in space, and the bedrooms are comfortably sized, making the layouts functional today while presenting clear opportunities for cosmetic updates and future rent growth. Original architectural details remain intact, preserving the character typical of classic Chicago masonry construction. The partially finished basement includes recreation space, multiple storage rooms, workshop and utility areas, and an additional bathroom. The lower level offers flexibility and potential to be incorporated into a duplex-down configuration or explored as a future garden-level unit, subject to zoning, permits, and buyer due diligence. The property currently provides stable income with built-in flexibility. Unit 1 is leased at $1,400 per month on a month-to-month basis, while Unit 2 is leased at $1,400 per month with a lease in place through September 2026. Total monthly income is $2,800, or $33,600 annually, allowing a buyer to generate cash flow while planning future improvements or occupancy. The property is being offered for sale in as-is condition. Conveniently located near parks, public transportation, restaurants, and neighborhood amenities, with easy access to surrounding North Side communities.

3738 N Richmond Street, Chicago

$660,000

5 Beds ⋅ 2 Baths ⋅ 12556778 MLS ⋅ CLOSED Status

Presenting this attractive 2-Flat in Irving Park. This sturdy building possesses all the attributes and charm that a classic example of Chicago's all-brick architecture exemplifies. Offers about 2200 sqft of above grade living space. Unit 1 is a 2 bed/1 bath unit, with a 3 bed/1 bath Unit 2 above. Hardwood floor throughout with much of the cherished millwork detail remaining. The unfinished basement offers excellent ceiling height without digging. Potential here for owner-occupants, investors, or developers interested in a single-family conversion, alike. Separate hot-water radiant heat boilers and HW heaters for each unit. Laundry in basement. Newer 2-1/2 car garage. Located a short distance from Horner and California parks, McFetridge, and the north branch of the Chicago River, with its beloved bike trails. Transportation, shopping and dining options all nearby. While the structure has been well-maintained, prefer to Sell As-Is. Welcome Home! Please submit Highest and Best offers by 5pm Thursday 2/5.

3617 N Albany Avenue, Chicago

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