Oak Lawn, IL · Curated MLS Search

Multi-Family Homes in Oak Lawn, IL

An editorially curated view of every active multi-family homes listing in Oak Lawn, IL. Updated in real time from the local MLS, presented without the noise.

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Oak Lawn Market — Multi-Family Homes Comparison

Live MLS data — citywide vs. Multi-Family Homes

Oak Lawn
Multi-Family Homes
inventory
Active Listings
160
2
Sold (Past 6 Mo.)
360
7
Under Contract
96
4
pricing
Avg. List Price
$367,243
$677,728
Cost / Sq. Ft.
$215
—
typical home
Living Area
1,594 ft²
—
Avg. Beds
3.0
7.5
Avg. Baths
2.1
3.5
Days on Market
98
15

Multi-Family Homes in Oak Lawn: Market Data

Data as of (MLS snapshot; listings below update live)

As of October 20, 2026, Chicago Real Estate Source's review of MLS data shows 2 active listings for Oak Lawn multi-family homes. Listings like these do not come up often in Oak Lawn. These listings made up about 1% of the 160 active listings in Oak Lawn, across every property type. At the time, 4 more were pending, and 7 sold in the past six months. In a market this small, a listing alert is the most reliable way to hear about the next one.

Multi-Family Homes in Oak Lawn, IL, October 20, 2026
MeasureValue
Active listings2
All active listings in Oak Lawn, every property type160
Under contract4
Sold, past six months7

Multi-Family Homes in other cities

Market questions

How many Oak Lawn multi-family homes are for sale?

There were 2 Oak Lawn multi-family homes for sale as of October 20, 2026, based on Chicago Real Estate Source's review of MLS data.

How do Oak Lawn multi-family homes compare with other cities?

As of October 20, 2026, there were 2 Oak Lawn multi-family homes for sale. In the same search, Chicago had 850 multi-family homes for sale at a median list price of $449,950, Cicero had 36 multi-family homes for sale at a median list price of $419,000 and Logan Square had 29 multi-family homes for sale at a median list price of $825,000.

How many Oak Lawn multi-family homes sold in the past six months?

7 Oak Lawn multi-family homes sold in the six months before October 20, 2026.

How many Oak Lawn multi-family homes are pending?

As of October 20, 2026, 4 Oak Lawn multi-family homes were under contract.

How do Oak Lawn multi-family homes compare with all active listings in Oak Lawn?

As of October 20, 2026, there were 2 Oak Lawn multi-family homes for sale, out of 160 active listings in Oak Lawn across every property type.

Listing data courtesy of Midwest Real Estate Data LLC.

Next Steps in Oak Lawn, IL

View All Oak Lawn IL Multi-Family Homes Listings

5633 Edge Lake Drive, Oak Lawn
$825,555
10 Beds ⋅ 5 Baths ⋅ 12780659 MLS ⋅ ACTIVE Status
An exceptional opportunity to own a 4-unit multifamily property in a desirable Oak Lawn location with immediate income potential, house-hacking flexibility, and room to think bigger about the future. The unit mix includes three spacious 2-bedroom, 1-bath apartments plus an expansive owner's duplex-down featuring 4 bedrooms, 2 bathrooms, and a finished lower level with in-law space built out. For an owner-occupant, this creates a rare chance to enjoy substantial living space while income from the additional three units helps support the cost of ownership. For an investor, it offers multiple income streams in a strong suburban location just outside the city. Three of the four units have been recently rehabbed, giving the next owner a more turnkey asset with updated interiors and less immediate work to take on. The property also offers excellent parking and outdoor functionality, including four exterior parking spaces plus a 2.5-car garage, creating added convenience and value for both owners and tenants. Coin-operated laundry and dedicated tenant storage provide even more functionality and potential income. One of the most unique features of this opportunity is that the property already has a ready-built HOA structure in place to help maintain the shared exterior components of the property, creating a framework for organized ownership and long-term upkeep. For the buyer thinking beyond one building, this property offers an exciting starting point. Begin with these four units and potentially build toward ownership of an entire complex over time. It's the kind of asset that can serve as both a home and a foundation for a larger real estate portfolio. Ideally located near Stony Creek Golf Course, shopping, dining, everyday conveniences, and major transportation routes, the property delivers suburban space and accessibility while keeping Chicago within easy reach. Properties like this are exclusive and rarely available. Schedule your appointment today.

5633 Edge Lake Drive, Oak Lawn

9317 S Kolmar Avenue, Oak Lawn
$535,000
2 Beds ⋅ 4 Baths ⋅ 12504627 MLS ⋅ CLOSED Status
Welcome to this prestigious Mid-Century Modern two-unit residence in the heart of Oak Lawn. Perfectly situated in a quiet, sought-after neighborhood, this distinctive property blends timeless architectural design with modern updates, offering comfort, functionality, and investment potential all in one. Each unit features its own private entrance, in-unit laundry, and separate utilities, making this a fantastic opportunity for an investor, owner-occupant, or those seeking a related living arrangement. The main-level unit showcases a beautiful sunken living room with a two-sided fireplace, new hardwood and slate tile flooring, and a seamless flow into the dining area and kitchen. The kitchen offers granite countertops, lovely cabinetry, and plenty of workspace. The main level also features two spacious bedrooms, one half bath and one full bath, a bonus room or office, and a patio that opens to a large backyard-ideal for entertaining or quiet relaxation. The upper unit continues the Mid-Century charm with an elegant sunken living room accented by imported stained glass, double patio doors that open to a private deck, and updated wood laminate flooring. This unit includes two bedrooms, a full bathroom, and an in-unit laundry room, providing convenience and style throughout. The basement adds to the versatility of this property with an additional half bath, an office area, and ample storage space. Outside, the property sits across three lots with a side drive leading to a heated three-bay garage equipped with water and floor drains, offering exceptional space for vehicles, storage, or a workshop. With updates including a roof, furnace, air conditioning, and hot water heater all replaced approximately eight years ago, this residence offers peace of mind and lasting quality. The flexible layout and dual-unit design provide multiple options-live in one unit and rent the other, use both for extended family, or expand your investment portfolio in one of Oak Lawn's most desirable areas. This is a rare opportunity to own a Mid-Century Modern gem that combines architectural character, income potential, and a prime suburban location near top-rated schools, parks, shopping, dining, and transportation. Schedule your showing today to experience all that this exceptional property has to offer.

9317 S Kolmar Avenue, Oak Lawn

9417 S Kenton Avenue, Oak Lawn
$552,000
7 Beds ⋅ 5 Baths ⋅ 12058162 MLS ⋅ CLOSED Status
Not your average 2 FLAT! Welcome to this exceptional gem in the heart of a prime Oak Lawn location! This IMMECABLY MAINTAINED multi family building boasts a level of cleanliness and upgrades that will leave you in awe. The first floor unit is a 3-bedroom, 1.5-bath oasis featuring a MODERN spiced mocha KITCHEN with GRANITE countertops, STAINLESS STEEL appliances, pantry closet, breakfast area, and gorgeous HARDWOOD floors throughout. As you ascend to the second floor unit currently occupied by an excellent long-term tenant, you'll find three more spacious bedrooms & 1.5 bathroom apartment in move in condition. The full, finished bright related living BASEMENT adds an extra layer of convenience and luxury, complete with its own gorgeous summer KITCHEN with remodeled cabinets & counter, breakfast nook, bedroom, living room, elegant bath, recessed lighting and more. You will love the warmth of the radiant FLOOR HEATING Coin operated WASHER & DRYER provide additional income potential while tenants enjoy convenience of on site laundry room. The building was lovingly REHABBED within the past decade and features updated WINDOWS , 2 FURNACES, 2 HOT WATER HEATERS plus clean and bright hallways that lead to a large DOUBLE LOT with a backyard perfect for enjoying some outdoor tranquility. With a 2.5 car BRICK GARAGE with a CONCRETE DRIVEWAY and parking in the back providing ample parking space you wont need to worry about parking. The landscaped surroundings that enhance the charm of this remarkable building. This property is just steps away from Christ Hospital, shopping centers, restaurants, Metra stations, schools, parks, and easy expressway access - making it ideal for both owner-occupants and savvy investors alike. This property has everything you need and more. Seize the chance to make this stunning property yours today. Preapproved buyers only. MAY 2024 brand NEW TEAR OFF ROOF on both home & garage.

9417 S Kenton Avenue, Oak Lawn

9821 S Ridgeland, Oak Lawn
$600,000
7 Beds ⋅ 6 Baths ⋅ 12036703 MLS ⋅ CLOSED Status
Welcome to this built in 1986 legal 3-flat property located in the heart of Oak Lawn. Attractive and sturdy brick/stone exterior accented by architectural shingles roof, front portico entryway & professional landscaping. This well-maintained building features two spacious 2 bedroom, 2-bath units along with a third 3 bedroom, 2-bath unit on top floor. Each unit is about 1400 ft and the two 2 bedroom units could possibly be converted to a 3 bedrooms by repurposing a spacious dining room as there is already a sufficient table space by the kitchen to maximize the earnings. (Please do your due diligence- it is w suggestion not a guarantee). Currently fully leased with quality tenants, this property offers a fantastic opportunity for immediate rental income with a potential to increase rent upon lease renewal as Oak Lawn is a sizzling hot rental market. Each unit is equipped with central air conditioning/forced heat for added comfort as well as convenience of having their own private full size laundry/storage room. Tenants are responsible for paying gas and electric expenses. Don't miss out on this chance to own a lucrative investment property in a desirable location across from Chicago Ridge Mall. Contact us today for more information and be the first to seize this exceptional real estate opportunity. Plenty of parking on the paved back lot and driveway. Reach out to your agent to see DETAILED VIDEO if units!!

9821 S Ridgeland, Oak Lawn

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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.

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