Chicago IL Multi Family for Sale

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Open House:

Sunday, 11/10 5:00-7:00PM

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
9
Year built:
1921
Baths:
3.00
MLS#:
12203499

ADDITIONAL INFORMATION

Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100,000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below market value with long term tenants in place until July and August of 2025 for units 2 and 3. Owner's suite and in law garden suite will be vacated at the time of sale for an owner occupant. In Building washer and dryer. Building is in a perfect location within walking distance of River Park's athletic fields, tennis courts, dog park, swimming pool and canoe launch. Also within walking distance to all the shops and restaurants of Lincoln Avenue. Very close to the brown line and other public transportation stops. Perfect for an arm chair investor or a live in investor using the increased cap on the new Fannie Mae 2-4-unit for 5% loan program that now for owner-occupied investors has been set at $1,396,800. Rental rates are quoted at pro-forma rental amounts.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Year built:
1923
Baths:
3.00
MLS#:
12198807

ADDITIONAL INFORMATION

Beautifully maintained, all brick two flat in the highly sought after Albany Park neighborhood. This building is family owned through generations and well loved for over 50 years. Each floor features a large living room lined with windows for ample natural light, a formal dining room and an eat-in kitchen with plenty of room for a full table. There are two bedrooms, one full bath and a tandem enclosed porch for an additional bedroom or office in each unit. Original hardwood floors throughout and a fireplace facade on both levels. Basement was recently updated in 2021 to add an in-law arrangement including a large bedroom/living area, kitchen/dining area and full bath. Basement includes a laundry room, a workshop and tons of additional storage. Building features Radiator heat, boiler maintained yearly, and an upgraded 100 amp electric service. Amazing three car brick garage, tuckpointed and new floor poured in 2017. Easy access to all public transportation, highways, schools, shopping, restaurants and more. Make an appointment to see today!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Year built:
1900
Baths:
3.00
MLS#:
12175020
Subdivision:
Ravenswood Manor

ADDITIONAL INFORMATION

Prime Investment Opportunity in Ravenswood Manor! Discover the incredible rental income potential of this spacious brick 2-flat. This property is ideally located in the highly coveted Ravenswood Manor neighborhood and the top-rated Waters School District. Whether you're an investor seeking to leverage the robust rental market or a homeowner looking for extra income, this property offers unmatched versatility. Just steps from Horner Park and the Chicago River Walk, this well-maintained property features two expansive units. Both units boast 2 bedrooms plus a front sunroom, rear office/studio area, large formal dining room, and a full bath. The first-floor unit also features a custom gas heat-producing fireplace with new tile and built-ins, which adds both functionality and charm. The second-floor unit features exposed brick and a way cool retro 60's kitchen. The lower-level is perfect for family and out of town guests! The building's unique character is highlighted by its beautiful green Spanish-tiled roof. Built-in 1916, this property is also eligible for Ravenswood Manor Historical Status, adding potential historical significance and future value. Recent improvements include; 2022-Rebuilt north and south parapet walls, replaced roof flashing, resealed roof, and completed tuckpointing. 2020-Replaced all sidewalk and walkway concrete for enhanced curb appeal. 2019-Installed new electricity to the garage. 2022-Updated the first-floor kitchen with new cabinets, countertops, and stainless steel appliances. 2020-Renovated the basement in-law apartment to include one bedroom, a full bath, and a complete kitchen with new cabinets, countertops, and stainless appliances. 2019: Remodeled the first-floor bath. The lower-level in-law This is an excellent location near award-winning restaurants & shops, Horner Park, the Chicago River Walk, and Lincoln Square. And just a quick walk to the adorable Rockwell EL stop. This is the perfect opportunity to secure a solid income-generating property in one of Chicago's most desirable neighborhoods!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
7
Baths:
3.00
MLS#:
12188724

ADDITIONAL INFORMATION

Albany Park, brick 2 flat, two legal units + full finished basement. Newer roof and some tuckpoint. Each floor with 2 bedrooms and 1 bathroom. Enclosed porch. Separate utilities for each floor, Central air & heat 1st floor. Garden central heat. 4 parking spaces in the back. Neither seller nor agent guarantee the legality of the basement.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Year built:
1920
Baths:
3.00
MLS#:
12176836

ADDITIONAL INFORMATION

Prime location, 5 min walk to North Park University. Oversized lot at 30ft x 126ft. Gut rehabbed in 2015. Yes, even the framing is new with new copper plumbing, new electrical, new hardwood floors through out. New tear off roof done in 2019. Top unit features 2 oversized bedrooms with 2 bathrooms. In suite features walk in closet, walk in shower with carrera marble tile work and carrera marble counter top. Guest bathroom features grecian marble tile work, Grohe fixtures on all faucets. . Leaving room opens up to a fire place and huge windows let the sunshine in. Kitchen has 42" cabinets with carrera marble counter tops and Samsung Appliances. First unit features 3 bedrooms, 1 bath, hardwood floors throughout, Kitchen has granite counter tops with 42" cabinets and Frigidaire stainless steel appliances. Same beautiful sun drench living room. Be the first to check it out. Available for showings Tuesday through Thursday.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
9
Year built:
1923
Baths:
6.00
MLS#:
12185691

ADDITIONAL INFORMATION

Extremely rare extra wide all brick trophy building on oversized 37.5" wide lot. Unit 1 is designed as a potential owner's unit with upgraded features and options for installing higher-end appliances. All new electrical, plumbing, and HVAC throughout the property, including new water service to the City connection HVAC/water heaters are separate for each unit with equipment located in secured rooms outside of the unit to allow for property management access directly without needing tenant unit access. Kitchen range vent and bathroom vents all vent to the outside. Spray foam and Rockwool soundproofing insulation added to bedrooms, bathrooms, kitchens, and sunrooms. Building-wide internet system with RCN fiber link All new entry door hardware and master key system for the entire property Full building security camera system and exterior lighting and safety features A new phone-based buzzer system Value add potential with vanilla box barely below grade garden unit (only 36" below grade) with 10' ceilings The garden unit has HVAC in place and plans for a large unit drawn for a large 3 bedroom/2bath unit Possible future coach house with City of Chicago ADU ordinance proposal

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Year built:
1913
Baths:
2.00
MLS#:
12137556

ADDITIONAL INFORMATION

This oversized brick two flat with sits on wide lot and is loaded with vintage charm. These spacious units have unique floor plans and still retain a lot of the original features including hardwood floors, moldings, built-in hutches and trim as well as decorative fireplaces. Perfect opportunity for a live-in owner or investor who wants do some work to make it their own...either as a two flat or as a single family home. The basement is partially finished with two bedrooms and two exterior doors. Back porch is equipped with motorized lift to help getting groceries or large items into the units. There is also a two car brick garage. This building is tucked away on a quiet one way street in beautiful Ravenswood manor and close to all the Lincoln Square hot spots and the Rockwell el stop. Building being sold AS-IS.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
2
Baths:
3.00
MLS#:
11946841

ADDITIONAL INFORMATION

Jumbo brick 2 flat located within walking distance from schools, shopping, park and public transportation Recently updated, an incredible opportunity in Chicago's vibrant Albany Park neighborhood! This charming property is for investors or owner-occupants seeking a home with excellent income potential. Features include: 2 units, each with 2bed/1bath featuring a spacious, bright, and inviting living room overlooking Eugene Field Park, a formal dining room, and an additional den or office off the bedroom. Enhancing the opportunity the full basement, with full bathroom, presents for additional living space make the basement a legal, (income-producing unit). The property also boasts enclosed back porch, a great backyard for outdoor enjoyment, and 2 car garage. Nearby amenities include parks and green spaces, easy access to public transportation including multiple CTA bus lines as well as to I-9

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1914
Baths:
3.00
MLS#:
12174353

ADDITIONAL INFORMATION

Brick 2 flat building with a partially-finished basement in very good condition. 2 bedrooms, 1st floor with hardwood flooring, 2nd floor has 3 bedrooms and a full dining room, both units have summer rooms. Partially-finished basement remodeled 4 years ago with 1 bedroom, summer kitchen with granite countertop, full bath, and extra rooms. Separate laundry room. Great building but sold in as-is condition. Building owner occupied.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
8
Year built:
1923
Baths:
4.00
MLS#:
12171731

ADDITIONAL INFORMATION

This remarkable brick 4 unit building has been owned by the same family for several generations. The grand, meticulously maintained structure sits on a 45 feet wide lot. There are 2 massive units on each side of the building with center entrance. Each unit is identical in size, consisting of a formal entry, formal living room with built-in bookshelves and a decorative fireplace, formal dining room, 2 generous sized bedrooms, exceptional closet space, 1 bathroom, a kitchen with large walk-in pantry and an enclosed back porch. The building offers original millwork throughout, 2 full unfinished basements on each side of the building, one of which has laundry hook-ups for each apartment. There is a central boiler system (new 2014) which brings radiator heat to all units, a newer hot water tank for the building, a lovely, grassy back yard and a 2 car garage. 3 units are leased through May, June and August of 2025. Rents are $1,020, $1,050 and $1400. One unit is owner-occupied. This hidden gem is conveniently located near the Northeastern campus, 2 short blocks to Peterson Elementary School. Close to the Kimball Brown line train, the trails on the North Shore Channel, Northside Prep and all that Albany Park, Budlong Woods and North Park have to offer.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1923
Baths:
2.00
MLS#:
12170709

ADDITIONAL INFORMATION

CLASSIC JUMBO 2-UNIT offering endless possibilities in the desirable Ravenswood neighborhood. Each unit features 3 bedrooms, 1 full bath, a spacious living room, and separate dining room. The property includes a fully unfinished basement, providing additional space to expand or customize to your liking. A brand new rear porch adds a fresh touch, and the 2-car garage offers convenient parking. Perfectly situated within walking distance to Swedish Covenant Hospital, CTA stops, and the Brown Line, this property ensures easy access to the best of the city. Just two blocks away is River Park, where you can enjoy athletic fields, tennis courts, a track, a dog park, a swimming pool, playgrounds, and a canoe launch. Explore scenic river trails, fishing spots, and nearby cafes, dining, and entertainment on Lincoln Avenue. Whether you're an owner-occupant looking for a charming place to call home OR an investor seeking an attractive opportunity, this classic Ravenswood 2-flat is not to be missed. HURRY!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Lot size:
1 Acres
Baths:
4.00
MLS#:
12144153

ADDITIONAL INFORMATION

This all-brick, 4-unit building in the heart of Albany Park offers a fantastic investment opportunity. With two 2-bedroom units and two 1-bedroom units, each already rented through next year, you'll enjoy immediate cash flow with minimal turnover. Updated over the years and lovingly maintained. Tenants enjoy convenient amenities, including an assigned outdoor parking spot and indoor storage space for each unit. The community laundry facility located in the basement is an added convenience. Situated less than half a mile from the Brown Line and with easy access to I-94, this property offers excellent connectivity to downtown Chicago. Nearby shopping, restaurants, and entertainment ensure the building's appeal to renters for years to come. Zoned RT-4, this property allows for flexibility and growth, making it an excellent long-term investment. Don't miss out on this rare opportunity!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Year built:
1908
Baths:
3.00
MLS#:
12108718

ADDITIONAL INFORMATION

Spectacular multi-unit steps to Ravenswood Manor. This property is perfect for first-time homebuyers or savvy investors. Each unit offers open floor plans with plenty of natural sunlight and large rooms. Recent updates include new windows throughout 2019. New 1000+ bricks replaced plus tuckpointing, power wash, and new water heater 2021. New rear porch siding 2022. The roof is in excellent condition. Unit cash flow is very nice! Unit 1 features 2 bedrooms and 1.5 baths. Large living room and dining room plus rear porch seating area. Unit 2 features 3 bedrooms and 1 bath, a large pantry, and a rear porch seating area. The basement is partially finished with half a bath. Laundry room, mechanical room, and plenty of space for all your ideas. It is located on a quiet tree-lined street, steps from the Francisco "L" Brown line train entrance. Conveniently located by award-winning restaurants, coffee shops, Horner Park, River Trail Plaza, Starbucks, and much more!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1925
Baths:
2.00
MLS#:
12094973

ADDITIONAL INFORMATION

Lincoln Square property, fantastic opportunity for investors, developers, or homeowners. Located on a beautiful tree-lined street, this property has immense potential. Its prime location near Winnemac Park, the Metra, and the Brown Line train makes it attractive to both tenants and buyers. The building itself is a well-maintained two-unit brick structure. Each unit features recently-remodeled kitchens with modern cabinets and quartz countertops, as well as three bedrooms and one bathroom. The hardwood flooring adds to the charm of the units. Significant upgrades have been made to the property, including a new rear porch in 2019, new windows on the first and second floors, and a new water heater in 2021. These improvements ensure that the building is in excellent condition and ready to be utilized to its full potential. The garage on the property requires some cosmetic work, but with a little investment, it can be transformed into a functional and appealing space. Additionally, the basement of the building has a ceiling height of 7 ft, providing ample space for storage or potential additional living areas. What sets this property apart is its eligibility for the City of Chicago's ADU Pilot Program. This means that there is the opportunity to legally add at least one more living unit, further increasing its investment value. Alternatively, one can choose to duplex down and create a spacious owner-occupied unit or convert it into a single-family home. Surrounded by homes valued at $1.5 million, this property is a must-see for savvy investors. It is currently rented, providing a steady rental income while offering the potential to be remodeled and expanded. With an open mind and a clear vision, you can unlock the hidden investment potential of this property and transform it into a lucrative opportunity.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Year built:
1908
Baths:
3.00
MLS#:
12059865

ADDITIONAL INFORMATION

Come see this like-new brick 2-flat on corner lot. Former storefront converted into unique apt on 1st floor (HIGH ceilings, lives like a loft - 2bed, 1.5 baths, new huge open kitchen with breakfast bar), w/ large 2nd floor apt (3beds/1bath new kitchen) above. New central air, in unit w/ds in both apts. Updated plumbing & electric, recent tuck pointing. 2-car garage. There are leases signed with the tenants till January & March of 2025.

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Chicago Real Estate

The median home value in Chicago, IL is $284,100. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Chicago, IL is $284,100. Approximately 40.54% of Chicago homes are owned, compared to 48.29% rented, while 11.17% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!

Chicago, Illinois 60625 has a population of 2,742,119. Chicago 60625 is less family-centric than the surrounding county with 24.86% of the households containing married families with children. The county average for households married with children is 29.73%.

The median household income in Chicago, Illinois 60625 is $65,781. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Chicago 60625 is 35.1 years.

Chicago Weather

The average high temperature in July is 83.9 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 38.2 inches per year, with 35.1 inches of snow per year.

Chicago Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    142
    30-day change

Chicago Schools and Demographics

Education near Chicago, IL

Metric City County
High School Graduates 86.3 87.97
College Degree - 2 year 5.75 6.73
College Degree - 4 year 41.67 40.75
Graduate Degree 12.15 12.01
Expenditures per Student 21,907 21,907
Students per Teacher 14 14

Elementary Schools near Chicago, IL

School Grades Students P/T Ratio ZIP
Bateman Elementary School PK - 08 1,004 19.4 60618
Bell Elementary School PK - 08 1,026 17.2 60618
Budlong Elementary School PK - 08 845 17.4 60625
Chappell Elementary School PK - 08 548 15.6 60625
Clinton Elementary School PK - 08 1,121 18.6 60659
Coonley Elementary School KG - 08 830 17.6 60618
Edison Elementary Regional Gifted Center KG - 08 277 17.9 60625
Garcia Lorca Elementary School PK - 08 895 17.6 60618
Haugan Elementary School PK - 06 1,139 17.7 60625
HAYT Elementary School PK - 08 994 18.5 60660
Hibbard Elementary School PK - 06 1,150 17.1 60625
Jamieson Elementary School PK - 08 888 19.2 60659
Logandale Middle School PK - 08 824 18.4 60618
North River Elementary School PK - 08 357 16.4 60625
Peirce Elementary International Studies School PK - 08 1,025 19.3 60660
Peterson Elementary School PK - 08 877 17 60625
Reilly Elementary School PK - 08 1,076 19 60618
Sawyer Elementary School KG - 08 1,800 21.9 60632
Volta Elementary School PK - 08 988 17.7 60625
Waters Elementary School KG - 08 622 18.6 60625

Middle Schools near Chicago, IL

School Grades Students P/T Ratio ZIP
Albany Park Multicultural Elementary School 07 - 08 269 19.2 60625
Castellanos Elementary School 04 - 08 574 18.9 60623
Evergreen Academy Elementary School 06 - 08 365 15.4 60609
Field Elementary School 04 - 08 342 15.8 60626
Frazier Prep Acad Elementary School PK - 08 439 60624
Hernandez Middle School 06 - 08 942 19.5 60632
Madero Middle School 06 - 08 323 17.9 60623
Marshall Middle School 07 - 08 107 11.3 60618
Northwest Middle School 06 - 08 566 16.5 60639
Pathways in Education Avondale HS 09 - 12 0 60618
School of Leadership High School 11 - 12 395 13.2 60649
Shields Middle School 05 - 08 706 18.4 60632

High Schools near Chicago, IL

School Grades Students P/T Ratio ZIP
Alcott Humanities High School 09 - 12 272 5.4 60618
Amundsen High School 09 - 12 1,116 15.4 60625
Curie Metropolitan High School 09 - 12 3,040 17 60632
Devry Advantage Academy High School 11 - 12 196 22.4 60618
Lane Technical High School 07 - 12 4,057 19.4 60618
Mather High School 09 - 12 1,570 15.9 60659
Northside College Preparatory High School 09 - 12 1,047 17.5 60625
Northside Learning Center 09 - 12 268 7.1 60659
Roosevelt High School 09 - 12 1,341 15 60625
Taft High School 07 - 12 3,185 17.5 60631
Von Steuben Metro Science High School 09 - 12 1,686 17.8 60625
Youth Connections Charter High School 10 - 12 3,906 18.9 60616

Ungraded Schools near Chicago, IL

School Grades Students P/T Ratio ZIP
* Jefferson Alternative High School 07 - 12 273 3.6 60612
* York Alternative High School 09 - 12 254 2.7 60608
Amandla Charter School 05 - 11 325 12.5 60621
Aspira Charter Schools 06 - 12 1,165 15.5 60647
Brunson Math & Sci Specialty Elementary PK - 08 614 20.9 60651
Camelot Safe Academy - Garfield Park 06 - 12 0 60624
Catalyst Charter - Maria ES KG - 12 955 36.7 60629
Chalmers Elementary Specialty School PK - 08 358 14.7 60608
Chicago International Charter School KG - 12 8,347 16.7 60603
Chicago Math & Sci Elementary Charter 06 - 12 606 14.2 60626
Chicago Virtual Charter School KG - 12 675 21.4 60607
Disney II Magnet HS 07 - 10 490 9.4 60618
Excel Academy - Southwest HS 10 - 10 2 60620
Excel Academy - Woodlawn HS 09 - 09 3 0.3 60637
Goode Stem Academy HS 09 - 11 643 16.6 60652
Intrinsic Charter High School 07 - 10 448 20.9 60602
Learn Charter Schools PK - 12 3,031 19.8 60624
Legal Prep Academy High School 09 - 11 249 14.6 60612
Montefiore Special Elementary School 05 - 08 24 2.8 60608
Noble Street Charter Schools 06 - 12 10,195 16.8 60602
Piccolo Elementary Specialty School PK - 08 523 19.8 60651
Reavis Elementary Math & Science Special School PK - 08 242 14.1 60615
Ryder Elementary Math & Science Special School PK - 08 375 14.4 60620
Shabazz International Charter Schls KG - 12 706 20.8 60619
Swift Elementary Specialty School PK - 08 703 16.8 60660
Univ of Chicago Charter Schools PK - 12 1,913 17.5 60637
Uno Academy Charter Schools KG - 12 7,923 19.6 60607

Demographics near Chicago, IL 60625

Metric Zip Code City
Neighborhood Type Inner City
Population 2,742,119 5,265,398
Population Density 12,060 5,572
Median Age 35.1 37.3
People per Household 2.4 2.5
Median Household Income 65,781 72,121
Average Income per Capita 41,821 41,706