Illinois Apartment buildings for sale

Updated: Mar 19

Three-Story Multifamily Building with Land

612 W Gallatin Street, Vandalia, IL 62471

$800,000

20,700 sqft 0.53 AC lot

1924 three‑story downtown building with approx. 20,000+ sq ft total and about 6,900 sq ft per floor
Building previously operated as a motel and later as efficiency apartments before a fire
Elevator provides access from the basement through the 3rd floor; two sets of stairs serve all 4 levels
Brick construction with forced‑air heating and wall unit(s) cooling
Concrete floor system with pour thickness noted: 1st floor 19", 2nd floor 15", 3rd floor 11"

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Updated: Feb 10

Downtown Champaign Mixed-Use Building

320 N Neil Street, Champaign, IL 61820

$1,250,000

5,865 sqft 0.08 AC lot

Prime downtown location in Champaign's central business district (CB2 zoning).
Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.
First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
Spacious 5,865 SF above grade plus 1,620 SF basement with walk‑in cooler and storage.
Second‑floor apartment features 14' ceilings, fireplace, and separate HVAC and electrical service.

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11-Unit Multifamily Investment

431 E 79th Street, Chicago, IL 60619

$725,000

13,205 sqft 0.16 AC lot

Chatham multifamily with 11 units and flexible bonus rooms; tenants handle electricity and cooking gas.

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Mixed-Use Investment Opportunity, Chicago

163 W Division Street, Chicago, IL 60610

$3,275,000

1,560 sqft 0.34 AC lot

Portfolio investment in prime Chicago location with mixed-use asset.

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Lakefront Tavern and Apartment Property

137-139 Arthur Avenue, Fox Lake, IL 60020

$579,000

0.31 AC lot

Vacant, lakefront mixed-use site with a former tavern and seven apartments, including piers and deck space.

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Two-Story Mixed-Use Commercial Building

421 LAKE Street, Maywood, IL 60153

$1,050,000

0.36 AC lot

Two-story mixed-use building with leased residential and retail components plus private rear industrial-style space.

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Two-Story Mixed-Use Building

421 LAKE Street, Maywood, IL 60153

$1,050,000

0.36 AC lot

Two-story mixed-use building with leased residential units, storefronts, and rear industrial-style space.

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Mixed-Use Property with Storefronts

5120 W Grand Avenue, Chicago, IL 60639

$1,900,000

0.39 AC lot

Mixed-use building featuring 10 residential apartments and 3 commercial storefronts with recent exterior and unit improvements.

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Legal 5-Unit Apartment Building

6044 N Mozart Street, Chicago, IL 60659

$998,000

0.19 AC lot

Well-maintained legal 5-unit multifamily building with a rear laundry/storage addition, parking, and updated building systems.

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Multi-Building Mixed-Use Redevelopment Site

2135 W Armitage Avenue, Chicago, IL 60647

$6,500,000

0.33 AC lot

Redevelopment site with six buildings and 144 feet of Armitage Avenue frontage, suited for mixed-use or multifamily conversion.

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Brick 6-Unit Apartment Building

7441 N Rogers Avenue, Chicago, IL 60626

$1,690,000

0.15 AC lot

Fully occupied brick six-unit building offering large two-bedroom layouts with in-unit laundry and dedicated parking.

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Mixed-Use Investment Opportunity, Chicago

5620 N Western Avenue, Chicago, IL 60659

$1,099,000

0.22 AC lot

Fully occupied mixed-use property with high traffic and development potential.

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Warehouse with Storefront and Apartments

4016-4018 Joliet Avenue, Lyons, IL 60534

$749,000

0.23 AC lot

Multi-unit property with contractor garages, storefronts, and apartments plus on-site parking for at least eight vehicles.

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6-Unit Multifamily Building

2748 N Austin Avenue, Chicago, IL 60639

$1,199,900

0.13 AC lot

Legal six-unit property with updated systems, coin laundry, and on-site parking plus a two-car brick garage.

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Two-Story Multifamily Building

1011 State Street, Alton, IL 62002

$225,000

3,826 sqft 0.21 AC lot

Two-story multifamily property with five apartments, including an efficiency unit and two-bedroom residences.

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West Garfield Park Multifamily Investment

4537 W Congress Parkway, Chicago, IL 60624

$699,000

0.15 AC lot

Seven-unit building near West Loop and public transit.

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South Shore Multifamily Investment Opportunity

7801 South Shore Drive, Chicago, IL 60649

$2,895,000

0.39 AC lot

32-unit building near Lake Michigan and upcoming developments.

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Springfield Multifamily Investment Opportunity

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

$749,800

6.60 AC lot

Fully occupied 10-unit property on 6.5 acres with development potential.

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Lakefront Multifamily Property

26198 W Spring Grove Road, Antioch, IL 60002

$895,000

0.45 AC lot

Eight-unit income property with direct lakefront frontage and tenant-paid utilities, offering a mix of unit sizes and established occupancy.

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Established Banquet Hall with Apartments

6155 W FULLERTON Avenue, Chicago, IL 60639

$1,249,500

6,000 sqft 0.20 AC lot

Banquet hall with apartments for additional income in Chicago.

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Urbana Multifamily Investment Opportunity

503 W Green Street, Urbana, IL 61801

$749,900

Eleven units near University of Illinois campus with development potential.

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Nine-Unit Masonry Walk-Up Building

8923 S Cottage Grove Avenue, Chicago, IL 60619

$725,000

0.17 AC lot

Well-maintained 9-unit multifamily with on-site parking, coin laundry, and unit mix suited to consistent rental demand.

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Corner Mixed-Use Building with Restaurant

3801 N Clark Street, Chicago, IL 60613

$3,995,000

5,200 sqft 0.16 AC lot

Five apartments above roughly 5,200 SF restaurant space plus an operating cookie-shop storefront on a high-visibility corner intersection.

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Garfield Park Mixed-Use Investment Property

1-15 N Keeler Avenue, Chicago, IL 60624

$1,800,000

0.20 AC lot

Turnkey 24-unit mixed-use building in prime location.

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Illinois Apartment Buildings Market Trends and Statistics

Explore 600 apartment buildings for sale in Illinois, showcased through 600 active listings on our real estate platform. These investment opportunities span a total of 4,026,165 square feet of properties for sale, with an estimated market value of $565,089,118.

Sale prices for two-family homes in Illinois start at $75,000, averaging $2,040,032, and reaching up to $38,999,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.