Elmwood Park, IL Multifamily Properties for Lease
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Elmwood Park, IL Multifamily properties Lease Rates & Market Statistics
Explore 48 Multifamily properties for lease in Elmwood Park, IL on Realmo, a commercial real estate exchange covering the Elmwood Park area. The current inventory totals 17,660 square feet of properties — an average of ~350 SF per listing.
Asking lease rates for Multifamily properties in Elmwood Park 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 11% above the Illinois state average of $23.50 SF/Yr.
Elmwood Park accounts for 94% of the 51 multifamily properties currently available across Cook County, where nearby markets include Chicago and Justice. Multifamily properties make up 81% of the 59 Residential income properties currently for lease in Elmwood Park, 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 Elmwood Park market.