Chicago Commercial Apartment Buildings For Sale

Welcome to ChicagoRealEstateSource.com, your trusted resource for buying and selling commercial apartment buildings (5+ units) in Chicago. With over 20 years of experience in the local multi-family market, we provide neighborhood-level insight that helps Chicago-based investors make confident, informed decisions—helping them avoid common multifamily listing mistakes in Chicago.

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Trust and transparency are essential in every real estate relationship—especially when it comes to commercial multi-family investments. Because the numbers matter, we take a data-driven, Chicago-specific approach to every transaction.

We specialize in the neighborhoods our agents actively work in and know best. This local focus allows us to provide accurate pricing strategies, realistic cap rate analysis, and guidance rooted in real, on-the-ground market experience—not generic, citywide assumptions.

Our goal is simple: help local buyers and sellers make smart decisions that align with their long-term investment goals.

Chicago Commercial Multi-Family Specialist

If you’re considering buying or selling a commercial apartment building in Chicago, working with a local expert matters. With more than 20 years of hands-on experience, I bring market knowledge, negotiation skills, and a strong network of local buyers to every transaction.

Jose Hernandez, Multi-Family Real Estate Broker, Coldwell Banker Realty

Multi-Unit Apartment Buildings

$1,375,000

12732751 MLS ⋅ NEW Status

A 7-unit brick, walk-up building in Chicago's thriving Little Village neighborhood within Marshall Square. This property boasts a diverse unit mix of three (3) one-bedroom / one-bath apartments, one (1) two-bedroom / one-bath apartment, one (1) two-bedroom / two-bath apartment, one (1) three-bedroom / two-bath apartment, and one (1) three-bedroom / three-bath apartment. This one-of-a-kind property has undergone a complete gut rehabilitation with no expense spared, featuring condo-quality finishes throughout. The apartment improvements include designer kitchens with white shaker-style cabinetry, quartz countertops, and stainless steel appliances, fully updated bathrooms with modern vanities and tile work, and new flooring. Every unit features in-unit stackable Whirlpool washer/dryer units, individual Ruud furnaces, and Rheem tankless water heaters for ultimate efficiency and tenant convenience. Additional building upgrades included a new 400 AMP electrical service with individual metering for each unit plus common areas. The property also offers five (5) surface parking spaces in the rear that provide additional income. Premium amenities include in-unit laundry and modern mechanical systems. This turnkey opportunity in Little Village offers a fully renovated, income-generating asset with significant growth potential.

2325 S California Avenue, Chicago

$995,000

12729142 MLS ⋅ NEW Status

A Rare Little Village Investment Opportunity - Exceptional 9-Unit Building including Storefront & Additional Side Lot. A truly exceptional opportunity to own one of Little Village's most beautifully maintained and distinguished 9-unit properties, complete with a storefront and an impressive additional lot. This fully occupied building is in immaculate condition and features long-term tenants, offering an attractive investment with established rental history and strong pride of ownership. The property showcases a thoughtful blend of recent updates and desirable features, including five updated units completed within the past year and many new windows installed in 2026. All units are equipped with forced-air heating, while four units offer the added comfort of central air conditioning. Tenants are responsible for their own utilities, further enhancing the property's investment appeal. Additional highlights include a finished basement, two garages, and a gorgeous adjacent lot, creating an exceptional package with valuable space and versatility. Ideally situated near an array of neighborhood conveniences, shopping, dining, transportation, and everyday amenities. Meticulously maintained, fully rented, and positioned in a desirable Little Village location, this is a rare opportunity for an investor seeking a property that combines income, condition, location, and long-term potential. OFFERED FOR SALE AS-IS.

2701 S Saint Louis Avenue, Chicago

$985,000

12719346 MLS ⋅ NEW Status

4351 N Lockwood Avenue, Chicago

$985,000

12719351 MLS ⋅ NEW Status

Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 9.9. Expenses total $30861. Net income $74859. Cap rate of 7.1%. Newly coated roof with silicone newer boiler heating system and hot water tank.

4353 N Lockwood Avenue, Chicago

$950,000

12731945 MLS ⋅ NEW Status

1510 E 73Rd Street, Chicago

$1,350,000

12723814 MLS ⋅ NEW Status

A distinctive 1890s corner property offering historic character, versatile residential layouts, and an attractive multi-unit investment opportunity. Originally built as a neighborhood tavern, the building has since been converted to five apartments, along with a sixth non-conforming unit. The residences vary in layout and finish, showcasing hardwood flooring, tall ceilings, oversized windows, classic bay spaces, paneled doors, decorative trim, and abundant natural light. Several units feature spacious living and dining areas, eat-in kitchens, generous storage, ceiling fans, and in-unit laundry, while the upper-level residence offers charming sloped ceilings and skylights. Kitchens and baths reflect a mix of classic and updated finishes throughout. The prominent turret and multiple bay windows create memorable curb appeal. Additional features include separate heating systems, tenant-paid utilities, and a detached lofted two-car garage. Set in the heart of Roscoe Village, the property is surrounded by neighborhood restaurants, cafes, independent shops, and entertainment along Roscoe Street and Lincoln Avenue. Fellger Park and amenity-rich Hamlin Park are nearby, with convenient access to the Addison and Paulina Brown Line stations, the Damen and Addison bus routes, Wrigleyville attractions, and the Belmont Theater District. Seller and broker make no representation regarding the legality or permissible use of the sixth unit.

3501 N Damen Avenue, Chicago

$1,269,000

12729743 MLS ⋅ NEW Status

Wide corner building on a double lot. Big room sizes, easy to rent, very few vacancies over the last several years, multiple long-term tenants.

2658 W 23Rd Street, Chicago

$1,075,000

12722395 MLS ⋅ ACTIVE Status

Heart of Jefferson Park on a side street near Lawrence and Milwaukee. Walking distance to Jefferson Park terminal with Blue line and Metra access. Minutes to Kennedy Expressway and walking distance to shopping. Easy rental area. Red brick L shaped 6 flat building with spacious rental units. Mostly updated kitchens and baths. 7.5% Cap rate at current rents with room to increase rents.

4752 N Lotus Avenue, Chicago

$899,000

12725381 MLS ⋅ ACTIVE Status

Well-maintained 6-unit, 6644 SF large size apartment building in the heart of Archer Heights, this property is an excellent investment opportunity with a desirable unit mix: 1 one-bedroom unit, 2 two-bedroom units, 1 three-bedroom unit, 2 four-bedroom units; Shared on-site laundry facilities. The corner location provides excellent sunlight and ventilation throughout the building Conveniently situated just one block to Curie High School, and St. Bruno Catholic School right next building, this property is in a highly accessible neighborhood with strong rental demand. Additional features include: Easy access to CTA Orange Line Pulaski Station, quick access to I-55 and Highway 50. Nearby grocery stores ALDI, Cermak Fresh Market, Pete's Fresh Market, Walmart Supercenter, and Tony's Fresh Market. Whether you're looking to expand your investment portfolio or acquire a stable multi-family asset in a well-established Chicago neighborhood, this property offers outstanding value and long-term potential.

4858 S Springfield Avenue, Chicago

$1,450,000

12688073 MLS ⋅ ACTIVE Status

Unicorn Alert! Rare Bulk Condo Portfolio Opportunity in Thriving Bronzeville. Rarely does an opportunity of this caliber come to market. This exceptional bulk condominium offering presents the unique chance to acquire six (6) beautifully updated, oversized residences in an intimate boutique building located in the heart of Bronzeville, one of Chicago's most dynamic and rapidly appreciating neighborhoods. The portfolio consists of one (1) impressive 2,700 square foot duplex-down residence featuring four (4) bedrooms and three (3) full bathrooms, along with five (5) spacious 1,700 square foot simplex residences, each offering three (3) bedrooms and two (2) full bathrooms. With floor plans that rival many single-family homes, these residences deliver the space, comfort, and functionality today's buyers and renters seek. The duplex-down is a standout residence, offering two (2) thoughtfully designed levels of living space. The main level showcases an airy open-concept layout featuring a spacious living room, a well-appointed kitchen that boasts stainless steel appliances, three (3) bedrooms, and two (2) full bathrooms. The lower level serves as a seamless extension of the home, complete with a large family/entertainment room, office nook, fourth (4th) bedroom, and an additional full bathroom, creating a true single-family living experience within a condominium setting. The simplex residences are equally impressive, featuring open-concept floor plans designed for comfortable living and effortless entertaining. Each kitchen is outfitted with stainless steel appliances, granite countertops, custom cabinetry, and a generous peninsula that provides additional seating and gathering space. Every unit is appointed with desirable modern amenities, including hardwood flooring, gas fireplaces, central air conditioning, private balconies, walk-in closets, spacious primary suites with en-suite bathrooms, dedicated garage parking, and private storage. Whether you're looking to expand your investment portfolio, secure a long-term hold in a high-growth neighborhood, or capitalize on Bronzeville's continued momentum, this is a rare turnkey opportunity offering scale, quality, and significant upside in one remarkable package.

4012 S Indiana Avenue, Chicago

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