Illinois Multifamily Properties 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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Mixed-Use Property with 2 Apartments

123 N 6th Street, Quincy, IL 62301

$529,000

4,308 sqft

Unfinished storefront space is paired with two rebuilt residential units and an open-air deck.

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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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Historic Duplex with Short-Term Rental

209 S Prospect Street, Galena, IL 61036

$850,000

4,608 sqft

Two residences provide flexible occupancy alongside a City of Galena short-term rental license.

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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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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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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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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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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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New Construction Duplex

O Fallon, IL 62269

$675,000

2,142 sqft 0.67 AC lot

Two ranch-style units offer open-concept living, finished basement areas, and private outdoor space on a 0.67-acre lot.

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Multifamily Property With Apartment

25402 S Elsah Hills Road, Elsah, IL 62028

$290,000

4,526 sqft 0.56 AC lot

Separate entrances and flexible living areas support multiple household or rental configurations.

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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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6-Unit Riverfront Short-Term Rental

1435 W Main Street, Grafton, IL 62037

$750,000

2,865 sqft 0.45 AC lot

Nightly rental property with covered decks, outdoor gathering space, and public water and sewer service.

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Historic Four-Unit Guest House

617 State Street, Alton, IL 62002

$495,000

4,300 sqft 0.21 AC lot

Fully furnished hospitality property with separate kitchens and appliances in each living unit.

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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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Fully Occupied Quadplex

91 N Stanley Road, Cottage Hills, IL 62018

$165,000

2,989 sqft 0.23 AC lot

Single-level four-unit property with a varied bedroom mix, private storage sheds, and on-site parking.

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Duplex with Full Basements

13014 Bermuda Grass Court, Breese, IL 62230

$299,000

2,228 sqft 0.28 AC lot

Two occupied units provide separate laundry facilities, full basements, and established residential functionality.

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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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Ranch Duplex with Central Air

112 Kingsway Drive, Belleville, IL 62226

$174,500

2,032 sqft 0.21 AC lot

Ranch-style duplex on a 0.21-acre lot with two 2-bedroom, 1-bath units, central air, and a 1-car carport.

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Turnkey Short-Term Rental Event Property

798 Karbers Ridge Rd, Elizabethtown, IL 62931

$1,800,000

5,600 sqft 88.00 AC lot

Turnkey short-term rental and event property with a lodge-style home, partially finished pole barn, and seven rental units.

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Remodeled Duplex with Attached Garage

920 E Beaumont Avenue, Greenville, IL 62246

$280,000

2,069 sqft 0.72 AC lot

Two separate units offer flexible short-term rental, long-term leasing, or owner-occupancy arrangements.

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Illinois Multifamily Properties Market Trends and Statistics

Explore 3034 multifamily properties for sale in Illinois, showcased through 3034 active listings on our real estate platform. These investment opportunities span a total of 6,810,554 square feet of properties for sale, with an estimated market value of $1,441,698,573.

Sale prices for multifamily properties in Illinois start at $30,000, averaging $663,459, 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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