Chicago, IL Multifamily Properties for Lease
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Chicago, IL Multifamily properties Lease Rates & Market Statistics
Browse 51 Multifamily properties for lease in Chicago, IL on Realmo, a commercial real estate marketplace serving the Chicago area. The current inventory totals 21,704 square feet of properties — an average of ~450 SF per listing.
Asking lease rates for Multifamily properties in Chicago start at $26 SF/Yr, average $26 SF/Yr, and reach $26 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $26 SF/Yr is in line with the Illinois state average.
Chicago accounts for 91% of the 56 multifamily properties currently available across Cook County, where nearby markets include Brookfield and Elmwood Park. Multifamily properties make up 82% of the 62 Residential income properties currently for lease in Chicago, with asking rates in line with the citywide Residential income properties average. Also worth a look for tenants weighing alternatives: Other residential income properties (11 listings) elsewhere in the Chicago market.
