Chicago Northwest Suburbs Multifamily Homes for Sale & Expert Realtor Services

Looking to buy or sell a multifamily property in Chicago’s northwest suburbs? From Niles and Skokie to Des Plaines, Morton Grove, Park Ridge, and beyond, these communities are popular among investors and homeowners who want strong rental demand, excellent schools, and convenient access to the city. With over 20 years of experience, I specialize in helping buyers and sellers of apartment buildings, 2-flats, 3-flats, and larger multifamily investments across the northwest suburbs.

Find the Right Multifamily Property in the Northwest Suburbs

Explore a wide range of investment opportunities, from 2-4 unit buildings to larger apartment complexes. Get access to the latest listings, market data, and neighborhood insights. I can help you evaluate cash flow, rental demand, and long-term growth potential.

Thinking About Selling Your Multifamily Property?

Local expertise to price your property competitively. Targeted marketing to reach investors and homebuyers. Proven track record of selling multifamily properties quickly and for top dollar.

Work with a Northwest Suburbs Multifamily Expert

multifamily real estate broker jose hernandez

Whether you’re buying your first 2-flat in Skokie, expanding your investment portfolio in Des Plaines, or selling a long-held property in Niles, I can help you achieve your real estate goals.

Contact me today to get started, 312-788-7079. Call Jose Hernandez – Coldwell Banker Realty | Chicago Multifamily Realtor

Popular FAQ'S

Q: Are multifamily homes a good investment in Chicago’s northwest suburbs?

A: Yes, suburbs like Skokie, Niles, and Des Plaines offer strong rental demand due to proximity to Chicago, diverse communities, and excellent schools.

Q: What’s the average price of a multifamily home in the northwest suburbs?

A: Prices vary by suburb, but generally range between $450,000–$900,000 for 2-4 unit buildings, with larger apartment complexes priced higher.

Q: How do I sell my multifamily building for top dollar?

A: Proper pricing, professional marketing, and targeting qualified buyers are key. I provide a customized strategy to maximize your property’s value.

Q: Can I live in one unit and rent out the others?

A: Absolutely. Many buyers use this strategy to reduce housing costs while building equity through rental income.

Newest Listings

$674,900

6 Beds ⋅ 3 Baths ⋅ 12753163 MLS ⋅ NEW Status

Vacant ready to move in or rent! Priced to sell ! Bring your decorating ideas! Check recent closed sale next door. Ideal location! Walk right down the block to the CTA yellow line train station and a few blocks to Interstate 94. This rare find, brick 2-flat offers two spacious 3-bedroom, 1-bath units plus a 4 room 2-bedroom,1-bath in-law suite in the basement. The building sits on a 40 foot wide lot with brand new privacy fence, a 2car garage with new overhead door and opener. Additional parking next to garage ideal for work vans or a boat. Hardwood floors in both units. separate utilities, two heating and central air systems. Enclosed porch and side staircase. Recent improvements in the last 2 years include 2 stoves, 3 refrigerators, washer/dryer kitchen sink tops, new shower door, new toilets, interior painting and refinished wood floor. Roof apx 10 yrs old and both hot water tanks apx. 2018. Property does have a non-conforming basement unit with 2 bedrooms and 1 full bath.

5032 Crain Street, Skokie

$999,000

8 Beds ⋅ 4 Baths ⋅ 12752626 MLS ⋅ NEW Status

Fully renovated 4 flat, close to 300k spent in renovations! All kitchens are brand new, with quartz countertops, solid maple cabinets, and LG appliances. All bathrooms are brand new, with Kohler cast iron tubs and high end Moen fixtures and hardware. Brand new SOLID CORE doors and trim, and beautifully stained hardwood floors throughout. All new windows, concrete paths, and parking lot with 6 parking spaces! Back porches were completely gutted, insulated, and rebuilt with new plywood sheathing and siding. They make a great home office, den, or workout room! Building has been rewired, and has type L copper plumbing. New hot water heaters and high efficiency HVACs. See additional information for the complete list of improvements. Each apartment has its own set of LG washers and dryers and a spacious storage room in the basement. Extremely rare to find a building as nice as this one, bring your pickiest buyers! NOI 85K!

8914 Lamon Avenue, Skokie

$600,000

6 Beds ⋅ 3 Baths ⋅ 12748523 MLS ⋅ ACTIVE Status

Large brick 2 flat with full basement. Spacious 3 bed / 1 bath units. Each has central AC. 1st floor unit has deck off of master bedroom and side deck off of main living area. 2d floor unit has side deck off of main living area. Decks and exterior stairs need significant repair. Full basement that includes full bath and family room. Detached 2-car brick garage. Units need updating. All offers must include the Fiduciary Rider contained in the Additional Info. Village of Skokie pre-sale inspection report is included in the Additional Info. BEING SOLD AS-IS.

8425 Christiana Avenue, Skokie

$730,000

6 Beds ⋅ 3 Baths ⋅ 12748005 MLS ⋅ ACTIVE Status

Rarely available and exceptionally well-maintained oversized two-flat located in the highly sought-after Hersey High School District! This versatile property is perfect for investors, owner-occupants, or multigenerational living. The first-floor unit features a spacious living room, an open-concept kitchen with a dining area, and three generously sized bedrooms. The second-floor unit has been extensively updated with a remodeled kitchen, new flooring, interior doors, and more. It also offers an impressive great room addition with oversized windows, creating an abundance of natural light. In addition to three large bedrooms, the second floor includes a den with sliding glass doors leading to a 10' x 22' private deck complete with a pergola. The unit also features a spacious living room and an eat-in kitchen. Each unit has separate utilities and its own laundry area, providing convenience and privacy. There is a full bathroom on every level, including the basement. The basement offers two large finished rooms that are ideal for home offices, hobby spaces, workshops, or additional storage. Outside, you'll find an oversized two-car garage that can easily accommodate three, a storage shed, and a fenced backyard. Ideally located just minutes from downtown Mt. Prospect, Metra, restaurants, shopping, parks, and more. A rare opportunity to own a spacious, move-in ready multi-unit property in an unbeatable location. Don't miss this one!

1000 E Ardyce Lane, Mount Prospect

$779,000

8 Beds ⋅ 4 Baths ⋅ 12734484 MLS ⋅ ACTIVE Status

Great Investment opportunity 4-unit building located 4 blocks from downtown Skokie. Featuring two bedrooms/one bath and enclosed porch can be use as additional bedroom or office. Each unit has its own Furnace .The Full basement has ample storage for all the units .Coin laundry installed extra income .Walking distance to Skokie Swift, schools, restaurants and grocery. 2 Long-term tenants, the rents are below market value.Don't miss out on the chance to own this four-unit building in the heart of Skokie.

4806 Mulford Street, Skokie

$649,000

8 Beds ⋅ 1 Baths ⋅ 12742655 MLS ⋅ ACTIVE Status

A rare opportunity to own a renovated brick 2-flat. Live in one unit, rent the other, and let your tenants cover some of your expenses. If you are an investor seeking strong cash flow, this property delivers both lifestyle and financial value. The first and second floor units each offer three spacious bedrooms, generously sized living rooms, and separate dining areas - an inviting layout perfect for everyday living and entertaining. Both units have been upgraded with cherry kitchen cabinets, stainless steel appliances, and granite countertops, along with beautifully refreshed bathrooms and rich hardwood floors throughout, adding warmth and character to every room. The lower level has been transformed into a versatile in-law suite, featuring two bedrooms, a full bathroom, a living room, and a dedicated laundry room designed for both comfort and flexibility. Ideally situated just outside the city, the property offers easy access to public transportation, shopping, and everyday conveniences. A park directly behind the property provides a peaceful, natural backdrop, a welcome retreat from the pace of city life. This is a rare find that combines classic charm, modern finishes, and exceptional income potential. Schedule your showing today because opportunities like this don't last long.

4831 Wright Terrace, Skokie

$649,000

7 Beds ⋅ 5 Baths ⋅ 12734754 MLS ⋅ ACTIVE Status

GREAT LOCATION FOR THIS BRICK 2 FLAT . 3 BEDROOMS AND 1.5 HALF BATH ON EACH FLOOR. HARDWOOD FLOORS.LOTS OF STORAGE SPACE. FULL FINISHED BASEMENT WITH A FULL BATH, LAUNDRY ROOM. SEPERATE GAS AND ELECTRIC METERS. 2 LOCKED STORAGE ROOMS FOR THE TENANTS. 3 PARKING SPACES .WALKING DISTANCE TO SKOKIE SWIFT. CLOSE TO THE SCHOOLS ,SHOPPING AND I-94

9010 Bronx Avenue, Skokie

$629,900

6 Beds ⋅ 4 Baths ⋅ 12732940 MLS ⋅ ACTIVE Status

Rarely available opportunity! Location! Brick 2Flat in The Village 2 blocks to Metra! Offering "in-town" living just blocks to shoping & dining. Bright, spacious and updated 3 bed 2 bath homes. Large open plan 1st Floor Ranch with in unit laundry, LivingRm, FamilyRm with eating area & 2Full Baths. 2nd Floor Ranch features Living/Dining combo, Primary Suite - Private Bath, main floor laundry. Both homes feature beautiful Quartz & Stainless Breakfast Bar Kitchens! Shared 2 car garage plus 2 exterior parking spaces per unit. Residents cover all utilities, units are all seperately metered for gas, electric, water. Savvy investors will realize the value & opportunity offered here! Make offer & close fast!

336 E Russell Street, Barrington

$850,000

8 Beds ⋅ 4 Baths ⋅ 12724739 MLS ⋅ ACTIVE Status

Turn-key investor opportunity in downtown Skokie, located in the Niles West High School District. Fully occupied 4-unit, two-flat property offering strong cash-flow potential. All units have identical floor plan just mirror image of each other. Floor plan of unit in photos. All units feature oak hardwood floors, newer kitchens and newer bathrooms, ceramic tile finishes, upgraded cabinetry and countertops, and stainless steel appliances. Newer windows throughout. Laundry is conveniently located in the basement. Property includes a fenced backyard, updated walkways and porch areas, refreshed landscaping, upgraded rear porch siding, and newer interior and exterior doors. Some newer furnaces and water heaters.

4956 Louise Street, Skokie

$799,900

6 Beds ⋅ 5 Baths ⋅ 12704411 MLS ⋅ ACTIVE Status

Exceptional 2-Unit Investment Opportunity in the Heart of Skokie! This well-maintained two-unit building offers the perfect combination of comfort, flexibility, and income potential. Each unit features a spacious layout with abundant natural light, generous living areas, and functional floor plans. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property is full of possibilities. Conveniently located near shopping, dining, parks, schools, and major transportation, this is an opportunity you won't want to miss!

4840 Old Orchard Road, Skokie

$750,000

8 Beds ⋅ 6 Baths ⋅ 12671263 MLS ⋅ ACTIVE Status

Exceptional investment opportunity in the highly sought-after Park Ridge community and award-winning Maine South School District! This well-maintained all-brick 2-flat with a finished garden unit offers strong rental income and long-term value. Both spacious units feature 3 bedrooms, 1.5 bathrooms, eat-in kitchens, and beautiful hardwood floors throughout. Recently renovated bathrooms add modern appeal, while the finished garden unit provides additional living space and income potential. The property also includes an attached 2-car garage, additional driveway parking, a newer roof, and a new AC unit. All units are currently occupied by tenants, generating excellent income from day one. Conveniently located with quick access to I-294 and less than one mile from the Dee Road Metra station, this property offers easy commuting while being close to parks, shopping, dining, and everything Park Ridge has to offer. A rare opportunity for investors or owner-occupants seeking a turnkey multi-unit property in a prime location.

1465 N Northwest Highway, Park Ridge

$889,900

9 Beds ⋅ 6 Baths ⋅ 12333994 MLS ⋅ ACTIVE Status

This truly unique, all brick, legal 3-unit building on a corner lot situated across the street from the golf course of Ridgemoor Country Club is the perfect investment or for the owner occupied buyer. Building is fully occupied with long term, paying tenants and has room to significantly increase the rents. Each unit has three bedrooms, 1.1 baths (with the potential to make the 1/2 bath into a full bath in each unit), living room, dining room area and eat-in kitchen. Upper two units have balconies. Appliances included are refrigerator, stove with hood and dishwasher. Units have laundry hook up. Tenants supply their own washer/dryer. All units are separately metered for gas and electric and have their own central heat and air conditioner units. Tenants pay all utilities. Owner pays for water which is included in the rent. All Furnaces are between 4 - 8 years. Wonderful and easily managed turnkey investment.

6520 W Gunnison Street, Harwood Heights

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