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Illinois Multifamily Properties for Sale Market Overview

Looking to buy a multifamily property? There are over 726 multifamily homes for sale on Crexi. Sort and filter search results to find the right multifamily property for you.

480 results
Recommended 
Pictures of Multifamily property located at 2901 W Cannes Dr, Peoria, IL 61615 for sales - image #1
$6,700,000
Crescent Creek Apartments | Assumable Debt Available
96 units comprised of two building with significant upside and a loan assumption

2901 W Cannes Dr Peoria, IL 61615

Pictures of Multifamily property located at 3900 N Marybelle Ave, Peoria, IL 61615 for sales - image #1
$4,500,000
Woodridge Manor
96 apartment units - 1Bed/1 bath.

3900 N Marybelle Ave Peoria, IL 61615

Pictures of Multifamily property located at 7801 S South Shore Dr, Chicago, IL 60649 for sales - image #1
$3,099,000
7801 S. South Shore Drive
Multifamily • 32 Units • $96,844/unit

7801 S South Shore Dr Chicago, IL 60649

Pictures of Mixed Use, Multifamily property located at 848 N Ashland Ave, Chicago, IL 60622 for sales - image #1
Call For Offers
Offers due:  0 d 0 h 6 m
$699,999
East Village Two Units for Sale With Med-Spa!
Mixed Use • 10.01% CAP • 2,100 SF

848 N Ashland Ave Chicago, IL 60622

Pictures of Multifamily property located at 2022 Lawrence Ave, Lockport, IL 60441 for sales - image #1
$1,299,900
2022 Lawrence Ave
Prime Lockport 8-Flat Investment Opportunity – High ROI Potential!

2022 Lawrence Ave Lockport, IL 60441

Pictures of Multifamily property located at 808 2nd Ave, Joliet, IL 60433 for sales - image #1
Opportunity Zone
$2,100,000
20 Units | Joliet, IL
Multifamily • 8.81% CAP • 20 Units

808 2nd Ave Joliet, IL 60433

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Pictures of Multifamily property located at 820 E Marquette Rd, Chicago, IL 60637 for sales - image #1
Opportunity Zone
$1,295,000
820 E Marquette - 12-Unit MF Investment Opportunity
Multifamily • 12 Units • $107,917/unit

820 E Marquette Rd Chicago, IL 60637

Pictures of Multifamily property located at 4008 S Calumet Ave, Chicago, IL 60653 for sales - image #1
$1,649,000
Prime Bronzeville - 8 Units + 8 Parking Spaces
Condo Quality - 8 Units - Bronzeville Neighborhood

4008 S Calumet Ave Chicago, IL 60653

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Pictures of Mixed Use, Multifamily property located at 1329 W 18th St, Chicago, IL 60608 for sales - image #1
$1,450,000
1329 W 18th St | Renovated Mixed-use
6-Unit Mixed-use • Recent Renovation • Prime 18th Street Location

1329 W 18th St Chicago, IL 60608

Pictures of Mixed Use, Multifamily property located at 1411 W Taylor St, Chicago, IL 60607 for sales - image #1
$2,295,000
1411 W Taylor St - Current 7.43% Cap
Mixed Use • 7.43% CAP • 5-Units

1411 W Taylor St Chicago, IL 60607

Pictures of Multifamily, Senior Living, Special Purpose property located at 509 S Buck St, Le Roy, IL 61752 for sales - image #1
$1,190,000
Former Nursing Home - 509 S Buck - LeRoy, Illinois
Beautiful property with lots of potential

509 S Buck St Le Roy, IL 61752

Pictures of Multifamily property located at 21 Kristin Dr, Schaumburg, IL 60195 for sales - image #1
Unpriced
The Apartments at XXI
357-Unit Luxury Apartment Building

21 Kristin Dr Schaumburg, IL 60195

Pictures of Multifamily property located at 3450 N Troy St, Chicago, IL 60618 for sales - image #1
$2,095,000
3450 N Troy - Current 7.05% Cap
Multifamily • 6 Units • 7.05% Cap

3450 N Troy St Chicago, IL 60618

Pictures of Mixed Use, Multifamily, Retail property located at 1934 W Chicago Ave, Chicago, IL 60622 for sales - image #1
$1,592,000
3-Unit Mixed-Use Building
Mixed Use • 7.30% CAP • 4,560 SF

1934 W Chicago Ave Chicago, IL 60622

Pictures of Multifamily property located at 2026 N 3372nd Rd, Ottawa, IL 61350 for sales - image #1
$2,100,000
18-Unit Apartment Building with Church
High occupancy rate and many recent improvements

2026 N 3372nd Rd Ottawa, IL 61350

Pictures of Multifamily property located at 4948 N Christiana Ave, Chicago, IL 60625 for sales - image #1
$1,550,000
4948-4950 N Christiana Avenue
Multifamily • 8 Units • $193,750/unit

4948 N Christiana Ave Chicago, IL 60625

Pictures of Retail, Multifamily, Mixed Use property located at 8244-8248 South Ashland Avenue, Chicago, IL 60620 for sales - image #1
virtual tour
$1,250,000
High Cash Flow Mixed Use Building
High Cash Flow Mixed Use • 10.04% CAP • 17,891 SF

8244-8248 South Ashland Avenue Chicago, IL 60620

Pictures of Mixed Use, Multifamily property located at 7100 S Jeffery Blvd, Chicago, IL 60649 for sales - image #1
$4,500,000
7100 S. Jeffery Blvd
56 Unit Mixed Use Investment Sale • Chicago South Shore Neighborhood

7100 S Jeffery Blvd Chicago, IL 60649

Pictures of Multifamily property located at 6120 N Hamilton Ave, Chicago, IL 60659 for sales - image #1
$2,847,500
6120-22 N Hamilton Ave. & 6128-34 N Hamilton Ave. properties
Multifamily property for sale

6120 N Hamilton Ave Chicago, IL 60659

Pictures of Multifamily property located at 7152 S Emerald Ave, Chicago, IL 60621 for sales - image #1
Opportunity Zone
$680,000
Emerald 6 Unit
Multifamily • 6 Units • $113,333/unit

7152 S Emerald Ave Chicago, IL 60621

Pictures of Multifamily property located at 2011 Kemble Ave, North Chicago, IL 60064 for sales - image #1
$500,000
North Chicago Project
Multifamily

2011 Kemble Ave North Chicago, IL 60064

Pictures of Multifamily property located at 818-820 S 8th St, Quincy, IL 62301 for sales - image #1
virtual tour
Opportunity Zone
$175,000
4 Unit Portfolio Builder
4 unit with M2M tenants, below market rent. Could be Owner Occupied and financed as such.

818-820 S 8th St Quincy, IL 62301

Pictures of Multifamily, Senior Living property located at 4260 Heritage Ave, Mount Vernon, IL 62864 for sales - image #1
Unpriced
Heritage Landing
2008-Built LIHTC Roll-Off Opportunity • MMG

4260 Heritage Ave Mount Vernon, IL 62864

Pictures of Multifamily property located at 400 Salem St, Rockford, IL 61103 for sales - image #1
$215,000
3 UNITS ROCKFORD
3 UNIT Multifamily

400 Salem St Rockford, IL 61103

Pictures of Multifamily property located at 5944 W Roosevelt Rd, Chicago, IL 60644 for sales - image #1
Unpriced
Austin 50 Portfolio
Renovated and Occupied Apartments with value add from converting the retail to apartments.

5944 W Roosevelt Rd Chicago, IL 60644

Pictures of Hospitality, Industrial, Mixed Use, Multifamily, Office property located at 3201 W Arthington St, Chicago, IL 60624 for sales - image #1
Opportunity Zone
Unpriced
Homan Square Portfolio | Various Options to Purchase
Homan Square Portfolio - 3333 W Arthington, 3245 W Arthington, 3240 W Arthington, 3201 W Arthington

3201 W Arthington St Chicago, IL 60624

Pictures of Mixed Use, Multifamily, Retail property located at 1912 W Chicago Ave, Chicago, IL 60622 for sales - image #1
$2,098,000
The 1900 Block Portfolio | 2 Buildings on Chicago Ave
Mixed Use • 7,589 SF

1912 W Chicago Ave Chicago, IL 60622

Pictures of Multifamily property located at 1708 S Main St, Jacksonville, IL 62650 for sales - image #1
$2,750,000
Jacksonville, IL Apartments
Multifamily • 40 Units • $68,750/unit

1708 S Main St Jacksonville, IL 62650

Pictures of Multifamily property located at 1631 Hamilton Ave, Rockford, IL 61109 for sales - image #1
$1,700,000
Ken-Rock Elderly Apartments
Multifamily • 31 Units • $54,839/unit

1631 Hamilton Ave Rockford, IL 61109

Pictures of Multifamily property located at 4201 S Michigan Ave, Chicago, IL 60653 for sales - image #1
$10,125,000
Bronzeville 45 Portfolio
Loan - 4.43% • LTV 80% • DSCR 1.45

4201 S Michigan Ave Chicago, IL 60653

Pictures of Multifamily property located at 3653 W Barry Ave, Chicago, IL 60618 for sales - image #1
virtual tour
$4,199,999
3653 W. Barry Ave.
PRICE REDUCED • 8-UNIT MULTIFAMILY • 100% OCCUPIED • CLOSE TO DOWNTOWN CHICAGO • NEW- BUILT 2022!

3653 W Barry Ave Chicago, IL 60618

Pictures of Multifamily property located at 2245 W 23rd St, Chicago, IL 60608 for sales - image #1
$449,000
Brick 2-Unit Building in Pilsen
Multifamily • 2 Units

2245 W 23rd St Chicago, IL 60608

Pictures of Mixed Use, Multifamily, Retail property located at 2010 S Wabash Ave, Chicago, IL 60616 for sales - image #1
$3,100,000
2010-2012 S Wabash Ave
Mixed Use • 8.80% CAP • 28,674 SF

2010 S Wabash Ave Chicago, IL 60616

Pictures of Multifamily property located at 4834 S Indiana Ave, Chicago, IL 60615 for sales - image #1
Opportunity Zone
$4,700,000
4834-46 S Indiana
Panoramic Campus of the Bronzeville Collection spans up just over a ½ acre in Dynamic Bronzeville

4834 S Indiana Ave Chicago, IL 60615

Pictures of Multifamily property located at 808 W Hillcrest Dr, DeKalb, US 60115 for sales - image #1
$9,500,000
105 Unit Portfolio
Multifamily • 105 Units • $90,476/unit

808 W Hillcrest Dr DeKalb, US

Pictures of Multifamily property located at 1239 S Avers Ave, Chicago, IL 60623 for sales - image #1
Opportunity Zone
$475,000
1239 S Avers - 3-Unit Multi-Family Investment Opportunity
Multifamily • 3 Units • $158,333/unit

1239 S Avers Ave Chicago, IL 60623

Pictures of Multifamily property located at 4240 S Calumet Ave, Chicago, IL 60653 for sales - image #1
$1,951,000
4240-42 S Calumet
Fully stabilized center entrance side by side 6 residential units + 8 gated parking spaces

4240 S Calumet Ave Chicago, IL 60653

Pictures of Multifamily property located at 414 N Court St, Rockford, IL 61103 for sales - image #1
Opportunity Zone
Unpriced
Anchor Housing Portfolio
Multifamily • 130 Units

414 N Court St Rockford, IL 61103

Pictures of Mixed Use, Multifamily, Office, Retail property located at 2356 W 63rd St, Chicago, IL 60636 for sales - image #1
Opportunity Zone
$399,000
Corner Mixed-Use Asset at 63rd & Western
Mixed Use • 8,250 SF

2356 W 63rd St Chicago, IL 60636

Pictures of Multifamily property located at 1435 W Lexington St, Chicago, IL 60607 for sales - image #1
$1,500,000
1435 W Lexington Street
Oversized 6-Unit All Brick Building in the Heart of Little Italy!

1435 W Lexington St Chicago, IL 60607

Pictures of Retail, Multifamily, Mixed Use property located at 2448 S Oakley Ave, Chicago, IL 60608 for sales - image #1
$1,100,000
Receivership Sale - 4 APTS & 5,100 SF Commercial - Pilsen
4 APTS & 5,100 SF Commercial - Pilsen Heart of Italy

2448 S Oakley Ave Chicago, IL 60608

Pictures of Multifamily property located at 938 N Washtenaw Ave, Chicago, IL 60622 for sales - image #1
$1,299,000
938 N Washtenaw Ave
Multifamily

938 N Washtenaw Ave Chicago, IL 60622

Pictures of Mixed Use, Multifamily, Office property located at 5100 W 127th St, Alsip, IL 60803 for sales - image #1
$2,150,000
American Heritage Center
Mixed Use • 6.76% CAP • 9,962 SF

5100 W 127th St Alsip, IL 60803

Pictures of Multifamily property located at 3752 W Huron St, Chicago, IL 60624 for sales - image #1
Opportunity Zone
$1,500,000
MF 14 unit >8 Cap
Multifamily • 14 Units

3752 W Huron St Chicago, IL 60624

Pictures of Multifamily property located at 6605 W North Ave, Oak Park, IL 60302 for sales - image #1
$3,500,000
North Edge
Multifamily • 7 Units • $500,000/unit

6605 W North Ave Oak Park, IL 60302

Pictures of Multifamily property located at 505 W Cleveland Ave, Belleville, IL 62221 for sales - image #1
$350,000
505 West Cleveland Avenue
Multifamily • 8.80% CAP • 9 Units

505 W Cleveland Ave Belleville, IL 62221

Pictures of Mixed Use, Multifamily, Retail property located at 5143 N Clark St, Chicago, IL 60640 for sales - image #1
$1,095,000
5143 N Clark Street
Mixed Use • 7.16% CAP • 3,600 SF

5143 N Clark St Chicago, IL 60640

Pictures of Multifamily property located at 1119 N Underhill St, Peoria, IL 61606 for sales - image #1
$1,500,000
Underhill Apartments
20 Unit Value Add Opportunity • Located Minutes from Bradley University

1119 N Underhill St Peoria, IL 61606

Pictures of Multifamily property located at 2801 S Halsted St, Chicago, IL 60608 for sales - image #1
Unpriced
Halsted on the Park
Modern Living in Bridgeport’s Newest Boutique Development

2801 S Halsted St Chicago, IL 60608

Pictures of Mixed Use, Multifamily, Retail property located at 1041 W Madison St, Chicago, IL 60607 for sales - image #1
$2,400,000
Turnkey 4-Unit West Loop Opportunity
Rare Opportunity!

1041 W Madison St Chicago, IL 60607

Pictures of Multifamily property located at 3575 W Belden Ave, Chicago, IL 60647 for sales - image #1
$1,599,000
Gorgeous multi unit!3575-3577 w. Belden! Double lot-2 PINS!
Multifamily • 3 Units • $533,000/unit

3575 W Belden Ave Chicago, IL 60647

Pictures of Multifamily property located at 2952 W Lyndale St, Chicago, IL 60647 for sales - image #1
$774,000
2952 W Lyndale St
Rockstar Logan Square location- Bohemian, eclectic, 3 flat brimming with potential.

2952 W Lyndale St Chicago, IL 60647

Pictures of Multifamily property located at 5109 N Illinois St, Fairview Heights, IL 62208 for sales - image #1
$2,120,400
5109 N Illinois St
Multifamily • 22 Units • $96,381/unit

5109 N Illinois St Fairview Heights, IL 62208

Pictures of Mixed Use, Multifamily, Office, Retail property located at 138 N Front St, Quincy, IL 62301 for sales - image #1
Unpriced
138 N Front St
Mixed Use • 22,000 SF • Restaurant • Venue • Bar • Executive Office

138 N Front St Quincy, IL 62301

Pictures of Multifamily property located at 4027 N Broadway, Chicago, IL 60613 for sales - image #1
$8,500,000
4027 Broadway
Class A Multifamily • 21 Units • 2016 Construction

4027 N Broadway Chicago, IL 60613

Pictures of Multifamily property located at 737 Grant Ave, Chicago Heights, IL 60411 for sales - image #1
$1,800,000
Grant Avenue Apartments
Multifamily • 30 Units • $60,000/unit

737 Grant Ave Chicago Heights, IL 60411

Pictures of Mixed Use, Multifamily property located at 1722 W Belmont Ave, Chicago, IL 60657 for sales - image #1
$2,350,000
1722 W Belmont
Chicago (Lakeview) 4 units a fully leased, high-end multifamily building, offering turnkey

1722 W Belmont Ave Chicago, IL 60657

Pictures of Hospitality, Mixed Use, Multifamily, Retail property located at 7 N High St, Belleville, IL 62220 for sales - image #1
$1,700,000
NO MONEY DOWN - 7 N High
Hotel or Residential conversion of solid building in the heart of the City.

7 N High St Belleville, IL 62220

Pictures of Multifamily, Land property located at 3271 US-20, Elgin, IL 60124 for sales - image #1
Unpriced
Multi-Family/Assisted Living Site
Multi-Family/Investment Opportunities

3271 US-20 Elgin, IL 60124

Pictures of Multifamily property located at 404 W Adams Rd, Macomb, IL 61455 for sales - image #1
$1,160,000
Adams St Portfolio
Multifamily • 29 Units • $40,000/unit

404 W Adams Rd Macomb, IL 61455

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Illinois Multifamily Properties for Sale Market Overview

Search multifamily property for sale in Illinois and explore 726 apartment and multifamily listings on Crexi’s marketplace. Currently, there are 12,589,674 square feet of multifamily properties in Illinois , averaging $3,556,525 and representing $2,471,784,669 in total value.The average price per square foot for multifamily in Illinois is $14,772 with a median cap rate of 8%.


Crexi features Illinois multifamily houses for sale, apartments for sale, multifamily real estate, and more that suit a variety of commercial real estate needs.

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