Multifamily Homes For Sale in Portage Park, Chicago

Multi-family homes in Portage Park are among the top selling properties in Chicago’s Northwest side. With the average rental price of a 2 bedroom apartment currently at $1400/month it makes sense for buyers to buy a 2 flat and have someone else pay for part of the mortgage.

Many of today’s buyers in Portage Park are new families and millennials looking for a great and affordable neighborhood.

Portage Park 2 flats for sale

Prices and trends

Since the 2008 recession, prices have increased substantially in Portage Park and the uptrend will continue in 2019. In 2018 there were approximately 124 multifamily homes sold with an average sales price of $394,259. The average market time was 71 days for multifamily 2-4 units; however, properties priced right from the start usually sell within 30 days and typically sell for 96-97% of listing price.

Multifamily homes in Portage Park have appreciated an average of 9% every year in the last 5 years, making it one of the top performing markets in the Northwest side.

Portage Park 2-flats, 3-flats and 4-flats located near the park are typically priced a bit higher because of their high demand.

Location

Portage Park is located in Chicago’s Northwest side approximately 5 miles southeast of O’Hare airport. Bordered by Lawrence Ave to the North, Belmont to the South, Cicero Ave to the East and Narragansett to the West, its location appeals to buyers due to its close proximity to the Northwest suburbs and a 20 minute drive to Chicago’s Loop. Surrounding neighborhoods include Jefferson Park, Belmont Cragin, Old Irving and Dunning.

We are here to help

Whether you are buying or selling, we are here to serve our clients’ best interests. With over 13 years of experience selling multifamily real estate in the Northwest side and North Side, you can put your trust in us.

The source in Portage Park Multifamily!

312-788-7079

Search all Multifamily homes for sale in Jefferson Park or Irving Park

Portage Park 2-4 Units For Sale

5254 West Roscoe Street, Chicago $369,900

Great building with lot of potential in very good condition and with only normal wear and tear just needing updating in some of the units. Very high basement and lot of s...

5 Beds
4 Baths
10431218 MLS
NEW Status

5025 West Byron Street, Chicago $284,900

Best value 2 flat in beautiful Portage Park! New Roof and tuck-pointing just completed. This 2-flat is ready to move in or rent out. Second floor is currently owner...

4 Beds
2 Baths
10429299 MLS
NEW Status

4041 North Leclaire Avenue, Chicago image

4041 North Leclaire Avenue, Chicago $504,900

Rare opportunity to own a legal two-unit brick building which has been used as a single family home by current owner. Vintage is everywhere with high ceilings and beauti...

6 Beds
0 Baths
10427878 MLS
NEW Status

5040 West Cullom Avenue, Chicago $495,000

Well maintained, Portage Park brick 2-flat. Both units have large living rooms and separate, formal dining rooms, 2 spacious bedrooms PLUS a bonus room that can be used a...

4 Beds
0 Baths
10424699 MLS
ACTIVE Status

4045 North Leclaire Avenue, Chicago image

4045 North Leclaire Avenue, Chicago $650,000

Pick up where these savvy investors left off in up and coming Portage Park. Beautiful brick, vintage 2-flat with garden "in-law" unit, zoned for 4 units and situated on a...

7 Beds
5 Baths
10423776 MLS
ACTIVE Status

5312 West Newport Avenue, Chicago $400,000

**PORTAGE PARK** Legal two flat with 3rd unit in bsmt. (Neither owner nor agent represent legality of basement unit.) Newer windows throughout. Two separate furnaces with...

4 Beds
2 Baths
10412008 MLS
ACTIVE Status

5537 West Dakin Street, Chicago $415,000

Portage Park meticulously maintained and freshly painted 2-flat includes well-appointed duplex down owner's unit plus 2BR rental unit. Owner's unit lives like a single f...

5 Beds
0 Baths
10421289 MLS
ACTIVE Status

5320 West Newport Avenue, Chicago $439,000

Nicely rehabbed BRICK 2 FLAT in the Portage Park community. The 2 unit building completely redone hardwood floors, original wood casement, doors and trim. Freshly painted...

4 Beds
0 Baths
10420694 MLS
ACTIVE Status

4943 West Cullom Avenue, Chicago $390,000

WELL MAINTAINED YELLOW BRICK TWO FLAT IN HOT PORTAGE PARK! 10 MINUTE WALK TO MONTROSE BLUE LINE, METRA, PORTAGE PARK AND JEFF PARK. MINUTES FROM THE KENNEDY AND THE SHOPS...

4 Beds
2 Baths
10420268 MLS
ACTIVE Status

5338 West Cornelia Avenue, Chicago image

5338 West Cornelia Avenue, Chicago $379,000

Make this charming, legal 2 unit, located on an extra wide lot your new home or investment property. Excellent Portage Park location. The spacious, sunny, 1st-floor u...

5 Beds
2 Baths
10418467 MLS
ACTIVE Status

5751 West Cornelia Avenue, Chicago image

5751 West Cornelia Avenue, Chicago $429,000

Make this charming and well maintained 2 flat with full finished basement your new home or investment property. This beautiful home boasts 2 - 2 bed/1 bath units and a ...

4 Beds
2 Baths
10417503 MLS
ACTIVE Status

5106 West Grace Street, Chicago $309,000

Excellent Portage Park Location! 2nd floor is ready for owner occupant. with fresh paint and beautifully refinished maple floors. Let the tenants help pay your mortgage! ...

5 Beds
3 Baths
10416308 MLS
ACTIVE Status

4312 North Milwaukee Avenue, Chicago image

4312 North Milwaukee Avenue, Chicago $400,000

Well Maintained Brick 2 Flat In The Heart Of Portage Park. Featuring Full Finished Basement, Brick 2 Car Garage. 1st Floor Features 3 Beds 1 Bath With In Unit WD. 2nd Flo...

5 Beds
0 Baths
10415989 MLS
ACTIVE Status

4027 North Lavergne Avenue, Chicago image

4027 North Lavergne Avenue, Chicago $552,000

Welcome to historic Portage Park! This beautiful 2-flat has been fully updated. Both units have newly remodeled kitchens with new cabinets, stainless appliances, granite...

6 Beds
3 Baths
10415757 MLS
ACTIVE Status

5719 West Addison Street, Chicago $230,000

BEAUTIFUL LEGAL 2 FLAT. FIRST FLOOR UNIT DUPLEXED WITH FINISHED BASEMENT IN LAW SUITE. 2 CAR GARAGE, VERY CLOSE TO PUBLIC TRANSPORTATION AND COMMUNITY FIRST MEDICAL CENTE...

3 Beds
0 Baths
10414380 MLS
ACTIVE Status

5713 West Irving Park Road, Chicago image

5713 West Irving Park Road, Chicago $545,000

None

5 Beds
0 Baths
10409950 MLS
ACTIVE Status

4123 North Narragansett Avenue, Chicago image

4123 North Narragansett Avenue, Chicago $325,000

Legal 3 flat in hot Portage Park neighborhood. Sold As-is, where-is. Property needs extensive rehab. Duplex the units to bring modern day functionality or tear down an...

4 Beds
0 Baths
10408415 MLS
ACTIVE Status

4908 West Byron Street, Chicago $649,900

Introducing 4908 West Byron a completely gut renovated 4 stories, 3 flat with parking for 3 cars and a large yard to enjoy. Everything Has been replaced right down to th...

7 Beds
4 Baths
10404224 MLS
ACTIVE Status

3501 North Narragansett Avenue, Chicago image

3501 North Narragansett Avenue, Chicago $519,000

Beautiful Brick Legal 3-Unit Building loved and well cared for by long time family owner occupants. Located in between Dunning and Portage Park, this building is super cl...

7 Beds
3 Baths
10401465 MLS
ACTIVE Status

6230 West Irving Park Road, Chicago image

6230 West Irving Park Road, Chicago $535,000

Bright & spacious, impeccably maintained, Portage Park 3-flat on extra wide lot! All units have large living rooms & eat in kitchens. Beautifully manicured lawn, 3 car br...

7 Beds
3 Baths
10393775 MLS
ACTIVE Status

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