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Chicago Multi-Family Property Search

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Chicago Multi-Family Buildings for Sale

Buying or Selling an apartment building in Chicago? We have over 16 years of experience in selling multi-family apartment buildings. Whether it's a 2 flat, 3 flat, or 10 unit building we can help!

In Chicago, residential multi-family include properties with 2, 3, and 4 units. Apartment buildings with 5 or more units are considered commercial multi-family properties and will require a larger downpayment.

Popular Neighborhoods in Chicago

Search ALL multi-family properties for sale in Chicago's most popular neighborhoods.

  • Avondale
  • Ravenswood
  • Bucktown
  • Belmont Cragin
  • Garfield Ridge/Clearing
  • Humboldt Park
  • Irving Park
  • Jefferson Park
  • Lake View
  • Lincoln Square
  • Logan Square
  • Lincoln Park
  • Portage Park
  • Ukrainian Village
  • Wicker Park

Multi-family Real Estate Searches

Search ALL multi-family properties for sale in Chicago by type.

  • 2 Flats
  • 5 Units
  • 3 Flats
  • Duplex
  • 4 Flats
  • Triplex

Home Sellers, Are You Selling in 2022?

Highest Price for Your Building!

The high demand and low inventory for multi-family properties in Chicago are at their peak. This makes it the ideal time for property owners to sell and receive the maximum price for their property regardless of condition.

How much is your investment property REALLY worth? Determining the value of a multi-family property takes more than just comparing sold properties in the area. Our approach is to not only focus on your property's current value but also recommend how you can increase its value so you can achieve the Highest Price Possible!

Questions about selling an apartment building?

We've compiled a list of the most frequently asked questions about selling apartment buildings in Chicago.

We have Buyers ready to make you an offer!

We have active buyers looking for multi-family properties in the following neighborhoods. (Updated December 2022)

  • Portage Park
  • Jefferson Park
  • Logan square - Preferably within .5 miles of the blue line
  • Lincoln Park - Any condition.
  • West Town - Brick buildings in any condition
  • Avondale - Brick buildings any condition

 

Schedule a Private Consultation Today!

Home Buyers, Let's Beat The Competition

Work with a Broker who specializes in multifamily real estate!  The advantage is simple.

Properties are selling fast and at times properties are sold before they even hit the market because sellers prefer a quick sale to avoid any potential headaches with tenants.  With years of experience in rehabbing and sales, we know what to look for during the 1st showing. Our advice will help you determine if the property is worth pursuing or not. 

How to Finance a Multi-Family Property?

Financing options for Multi-family real estate in 2022 include the following:

• FHA - Requires a minimum of 3.5% down payment

• Conventional - Requires 20% down.

• Veterans and Military families - 100% financing are available through the VA program.

• Rehab Loan - Provides funding for acquisition and improvements. Downpayment varies.

Chicago Multi-Family Real Estate Blog

  • Selling a Multi-Family Home: 3 Most Common Mistakes to Avoid
  • Selling A Multi-Family Property in 2020
  • Buying a 2-Flat in Chicago: 5 Simple Tips
  • What are Chicago's two-flats?
  • Tips for investing in Multi-family real estate in Chicago

Whether You're Buying or Selling, Let Our Experience Work For You!

 

Newest Multi-family Properties

1641 W Ohio Street, Chicago image
1641 W Ohio Street, Chicago $624,900

You won't want to miss this charming, classic 2 flat in Ukrainian Village/West Town! Great curb appeal combined with updated units that offer unique space, great light an...

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  • 4 Beds
  • 2 Baths
  • MRD11741476 MLS
  • NEW Status
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4931 W Henderson Street, Chicago image
4931 W Henderson Street, Chicago $479,000

Two Unit building PLUS Coach House, 1st floor Apt has 2 BR Formal Dining room, spacious living room enclosed Porch front open Balcony. 2nd floor unit features 3 bedroom ...

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  • 7 Beds
  • 4 Baths
  • MRD11739197 MLS
  • ACTIVE Status
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1952 N Bissell Street, Chicago image
1952 N Bissell Street, Chicago $650,000 ▼

Redevelopment opportunity in Ranch Triangle - frame two-story single family home, fully demo'ed interior, with brand new RM-5 zoning. Seller was unable to complete rehab ...

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  • 10 Beds
  • 10 Baths
  • MRD11713463 MLS
  • ACTIVE Status
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1316 N Moorman Street, Chicago image
1316 N Moorman Street, Chicago $675,000

AMAZING INCOME PRODUCING 2 FLAT IN THE HEART OF WICKER PARK! QUIET STREET AND A GREAT BLOCK, START CASH FLOWING TODAY, OR BUILD THE HOME OF YOUR DREAMS! Steps from bustli...

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  • 4 Beds
  • 2 Baths
  • MRD11710332 MLS
  • RE-ACTIVATED Status
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541 N Ashland Avenue, Chicago image
541 N Ashland Avenue, Chicago $500,000 ▼

HIGHEST AND BEST BY FRIDAY MARCH 24TH, 2023. CASH, HARD MONEY, NO CONTINGENCIES, SELLER WILL NOT WAIT FOR ZONING CHANGE, 45 DAY CLOSING. 2 UNIT. DEVELOPERS AND INVESTO...

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  • 3 Beds
  • 3 Baths
  • MRD11695971 MLS
  • ACTIVE Status
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3922 N Leclaire Avenue, Chicago image
3922 N Leclaire Avenue, Chicago $635,000

Gorgeous brick corner 4 unit building with a garage! Great opportunity to own a solid brick apartment building all 2-bedroom units with kitchen, dining room, 1 full bath ...

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  • 8 Beds
  • 5 Baths
  • MRD11686807 MLS
  • RE-ACTIVATED Status
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1137 N Sacramento Avenue, Chicago image
1137 N Sacramento Avenue, Chicago $539,000 ▼

An amazing Humboldt Park, Chicago rehab opportunity. This property is a true Chicago jewel. This beautiful graystone sits directly across from iconic Humboldt Park on the...

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  • 6 Beds
  • 2 Baths
  • MRD11673642 MLS
  • RE-ACTIVATED Status
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5310 W Eddy Street, Chicago image
5310 W Eddy Street, Chicago $495,000 ▼

Meticulously kept two flat. Features include tack down carpet over hard wood floors. Nice eat in kitchens with updated appliances. Lots of closet space. Ceramic tile bat...

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  • 4 Beds
  • 3 Baths
  • MRD11614006 MLS
  • ACTIVE Status
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Copyright 2023 MRED LLC. All rights reserved.

Based on information submitted to the MRED as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.

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Chicago's Popular Neighborhoods

  • Andersonville
  • Bucktown
  • Gold Coast
  • Irving Park
  • Jefferson Park
  • Lakeview
  • Lincoln Park
  • Lincoln Square
  • Logan Square
  • New East Side
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  • River North
  • Streeterville
  • South Loop
  • University Village
  • West Loop
  • Wicker Park

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Multi-Family 2-4 Units

  • Avondale
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  • Irving Park
  • Jefferson Park
  • Lincoln Park
  • Lakeview
  • Logan Square
  • Portage Park
  • West Town
  • Wicker Park

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Recent Blog Posts

  • Portage Park Multi-Family Real Estate: Complete Guide
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  • Home Sellers in Chicago - Success Story. Get Your Home Sold!
  • One Bennett Park: New Luxury Condos in Streeterville

Frequently Asked Questions (FAQ's)

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Hot Property 🔥- Lincoln Park 3 Flat ⬇️ 

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