Illinois Apartment Buildings for Sale

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Updated: Aug 4

11-Unit Mixed-Use Building

2957 N Cicero Avenue, Chicago, IL 60641

$1,250,000

8,200 sqft

11‑unit mixed‑use building with 9 apartments and 2 ground‑floor storefronts
8,200 SF masonry brick building constructed in 1927
Apartment mix includes 4 studios, 1 one‑bedroom, and 4 two‑bedrooms
Two vacant storefronts totaling 3,000 SF
Corner position at Cicero Avenue and Wellington Avenue

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This listing looks promising.

Here's a quick look at some key insights for

2957 N Cicero Avenue, Chicago, IL 60641

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Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$113K
Annual
Price @ 7% Cap

$1.62M
Above asking
Property Type

Stores & Apartments
Built 1927

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Updated: Aug 12

Updated 8-Unit Apartment Building

961 Belle Valley Drive, Belleville, IL 62220

$594,000

6,896 sqft 0.44 AC lot

8‑unit apartment building with 6,896 square feet
All units are currently rented
Every unit has 2 bedrooms and 1 bathroom
0.44‑acre parcel in East Belleville
Most kitchens and bathrooms have been remodeled

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5-Unit Townhouse-Style Apartment Building

2311 23rd Street, Rockford, IL 61108

$685,000

6,400 sqft

Multifamily property with private basements, fenced patios, onsite parking, and two vacant units.

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8-Unit Brick Apartment Buildings

2516 & 2520 Eastview, Belleville, IL 62221

$665,000

7,280 sqft 27,030.00 AC lot

Two-story residences offer private patios, off-street parking, and separate tenant-paid utilities.

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Updated 8-Unit Apartment Building

961 Belle Valley Dr, Belleville, IL 62220

$594,000

6,896 sqft

All units are rented, with improvements to kitchens, bathrooms, and select interior finishes.

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21-Unit Multifamily Building

534 College Ave, Dekalb, IL 60115

$644,499

5,928 sqft 0.40 AC lot

21-unit multifamily with forced-air natural gas heat and vinyl siding, plus patio and deck.

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Updated 6-Unit Apartment Building

971 Belle Valley Drive, Belleville, IL 62220

$432,000

5,058 sqft 0.29 AC lot

East Belleville multifamily property with remodeled interiors, refreshed parking, and public water service.

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Eight-Unit Apartment Building

5553 Andrews Drive, Roscoe, IL 61073

$960,000

7,912 sqft

Established multifamily asset with on-site garage parking, updated building components, and natural-gas forced-air systems.

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9-Unit Apartment Building with Storefront

2701 S Saint Louis Avenue, Chicago, IL 60623

$995,000

7,950 sqft

Fully occupied multifamily property with updated units, garages, a finished basement, and an adjacent side lot.

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Thirteen-Unit Mixed-Use Property

228 W MAIN ST, Decatur, IL 62523

$795,000

15,080 sqft 0.37 AC lot

Thirteen-unit mixed-use building with seven upstairs apartments and six street-level retail storefronts plus an off-street parking lot.

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Fully Occupied Seven-Unit Apartment Building

300 E 2nd Street, Pana, IL 62557

$179,000

2,116 sqft 0.26 AC lot

Seven one-bedroom units are currently leased, with a 2024 roof replacement and coin-operated laundry on-site.

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Six-Unit Greystone Apartment Building

736 N Spaulding Avenue, Chicago, IL 60624

$650,000

4,956 sqft

Three-story masonry property with in-unit laundry, separate utility metering, and a fenced rear yard.

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Brick 6-Unit Apartment Building

2200 Iowa Street, Granite City, IL 62040

$295,000

4,148 sqft 0.17 AC lot

Six 1-bedroom, 1-bath units with porches and mixed central air and window units in a brick building.

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7-Unit Apartment Building

226 W Locust St, Dekalb, IL 60115

$217,499

2,198 sqft 0.22 AC lot

Student-oriented multifamily with deck and patio, vinyl siding, and natural gas forced-air heat near Northern Illinois University.

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Renovated 12-Unit Apartment Building

522 N Main Street, Hanna City, IL 61536

$720,000

5,586 sqft

Renovated 12-unit multifamily property with a mix of 1- and 2-bedroom units and recent major utility updates.

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8-Unit Apartment Building

113 NEWMAN Street, Durand, IL 61024

$599,990

6,304 sqft

Residential income property with refreshed common areas and a two-bedroom, one-bath layout in every apartment.

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Apartment Building with Detached Outbuilding

400 Main Street, Mazon, IL 60444

$649,900

0.23 AC lot

Efficiency apartments with shared kitchen and laundry amenities, plus a separately improved accessory building.

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8-Unit Apartment Buildings

202-204 Lindell Drive, Normal, IL 61761

$649,900

0.44 AC lot

Two brick multifamily buildings near Illinois State University with updated windows, select appliances, and shared laundry facilities.

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Renovated Six-Unit Apartment Building

1510 E 73rd Street, Chicago, IL 60619

$950,000

8,000 sqft

Updated residential units feature refreshed kitchens and baths, coin-operated laundry, and a brick garage.

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Lakefront Apartment Building

26198 W Spring Grove Road, Antioch, IL 60002

$895,000

0.45 AC lot

Eight-unit multifamily property with varied layouts, a detached brick cottage, and direct shoreline access.

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Renovated 7-Unit Apartment Building

4934-36 W Jackson Boulevard, Chicago, IL 60644

$975,000

11,040 sqft

Seven renovated apartments feature separate utilities, updated interiors, and individual heating systems prepared for central air conditioning.

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6-Unit Brick Apartment Building

1838 W 65th Street, Chicago, IL 60636

$575,000

0.10 AC lot

Corner property with two three-bedroom homes and four two-bedroom homes, each with one bath and recent interior modernization.

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Apartment Building with Renovated Units

971 Belle Valley Drive, Belleville, IL 62220

$432,000

5,058 sqft

Six two-bedroom residences feature refreshed interiors, updated bathrooms, and serviced air-conditioning systems.

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Renovated Apartment Building with Gated Parking

4240 S Calumet Avenue, Chicago, IL 60653

$1,705,000

0.15 AC lot

Masonry multifamily property with duplex residences, in-unit laundry, individual HVAC, and landscaped common grounds near the Green Line.

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Illinois Apartment Buildings Market Trends and Statistics

Explore 931 apartment buildings for sale in Illinois, showcased through 931 active listings on our real estate platform. These investment opportunities span a total of 4,605,023 square feet of properties for sale, with an estimated market value of $644,156,679.

Sale prices for two-family homes in Illinois start at $95,000, averaging $1,210,820, and reaching up to $21,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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