While the rest of the Chicago real estate market was going down in value over the past few years, Chicago multifamily properties were going up in value. The quarterly median sale price of 2 to 4 unit multifamily more than doubled between 4th quarter 2009 and 4th quarter 2012. The median sale price for multifamily with 5 or more units rose 9%.
Finding Chicago multifamily for sale can take some digging. Chicago multifamily for sale aren’t all listed in the same place. Multifamily with 2 to 4 units are considered residential real estate while multifamily with 5 or more units are considered commercial real estate.
CHICAGO MULTIFAMILY FOR SALE 5+ UNITS
Click below to see Chicago multifamily for sale with 5 or more units by price range. You can narrow the results by internal and external features. Pending sales are excluded.
| $1M & Above | $900K to $1M | $800K to $900K | $700K to $800K |
| $600K to $700K | $500K to $600K | $400K to $500K | $300K to $400K |
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CHICAGO MULTIFAMILY FOR SALE 2 TO 4 UNITS
Click below to see Chicago multifamily for sale with 2 to 4 units by price range. You can narrow the results by internal and external features. Pending sales are excluded.
| $1M & Above | $900K to $1M | $800K to $900K | $700K to $800K |
| $600K to $700K | $500K to $600K | $400K to $500K | $300K to $400K |
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ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale. Fran has been quoted in numerous Chicago and national publications. To schedule showings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
