Multifamily for Sale in Chicago, IL

Find multifamily properties and businesses for sale in Chicago, IL. Browse active listings with prices, photos, and details.

15 listings available

Market Brief

CREhunt currently has 15 multifamily listings for sale in Chicago, IL. Asking prices run typically around $1M, with most between $450K and $7M across 10 publicly priced listings. The typical space is about 11,800 SF.

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.

Frequently asked questions

How many multifamily listings are for sale in Chicago, IL?

CREhunt currently lists 15 multifamily properties for sale in Chicago, IL. Asking prices are typically around $1,022,500.

How should I evaluate multifamily listings in Chicago, IL?

Compare unit mix, current occupancy, and in-place rent versus market rent first, then validate upside and downside assumptions before advancing to broker diligence.

What is the fastest way to shortlist sale opportunities?

Filter sale options in Chicago, IL by budget first, then rank only multifamily listings that match your required space profile so broker outreach stays qualification-focused.

What should I ask brokers before touring multifamily listings?

Ask for the rent roll, deferred maintenance, and recent capital improvements, along with recent operating results and expected closing timeline.

Other markets in Illinois

Property types in Chicago, IL