Marquette Park Portfolio — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60629

Investment Figures

Cap rate
7.04%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale Marquette Park Apartments, a 30-unit multifamily portfolio in Chicago, Illinois. This investment offers an investor a significant value-add opportunity to acquire a well-maintained asset with attractive in-place cash flow and compelling upside, which has been owned and operated by a long-term owner for over 25 years. Investment Highlights: • Attractive In-Place Cash Flow with Compelling Upside • Significant Value-Add Opportunity • Owned and Operated by a Long-Term Owner for Over 25 Years • Supply-Constrained Location Supporting Long-Term Rent Growth • Midway International Airport is Three Miles West • Less Than One Mile North of Marquette Park

Market Context

This multifamily in Chicago, IL is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed rents up 9.3% year over year, and cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 7.0% asking cap rate is above the Chicago multifamily market average of about 4.9%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Chicago?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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