Multifamily

Illinois Multifamily Properties for Sale

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Mixed-Use Quadplex with Commercial Space
Updated: May 14
Mixed-Use Quadplex with Commercial Space

108-110 E Main Street, Mascoutah, IL 62258

$400,000
3,838 sqft 0.07 AC lot
Mixed‑use 4‑plex at 108‑110 E Main St in downtown Mascoutah
Current rents include $950/month for a commercial tenant and $750/month for a one‑bedroom residential tenant
Main‑level commercial space is rented for $1,300/month with a 3‑year lease starting Oct 1, 2025
Includes a spacious two‑bedroom apartment upstairs ready for remodel, offering add‑value potential
Built in 1950 with brick and plaster construction, asphalt roof, and vinyl/wood/carpet flooring
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108-110 E Main Street, Mascoutah, IL 62258

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Bronzeville Greystone Investment Opportunity
Updated: May 7
Bronzeville Greystone Investment Opportunity

4529 S Vincennes Avenue, Chicago, IL 60653

$580,000
5,200 sqft 0.70 AC lot
Prime investment opportunity in historic Bronzeville, a high‑demand market.
Income‑producing Greystone with four spacious apartments totaling over 5,200 square feet.
Separate, newer forced‑air heating systems (less than five years old) in each unit.
Convenient location near public transportation, Lake Michigan, South Loop, Downtown Chicago, and the future Obama Presidential Center.
Current tenants in place, providing immediate rental income.
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Chatham 11-Unit Investment Opportunity
Chatham 11-Unit Investment Opportunity

431 E 79th Street, Chicago, IL 60619

$725,000
13,205 sqft 0.16 AC lot

Chicago's Chatham neighborhood: 11 units, stable income, upside potential.

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Three-Story Multifamily Building with Land
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 building with elevator access, multiple room configurations, and an included parcel in downtown Vandalia.

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Mixed-Use Property in Chicago
Mixed-Use Property in Chicago

3612 W Roosevelt Road, Chicago, IL 60624

$799,000
9,300 sqft 0.27 AC lot

Mixed-use property with warehouse, office, and residential spaces.

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Downtown Champaign Mixed-Use Building
Downtown Champaign Mixed-Use Building

320 N Neil Street, Champaign, IL 61820

$1,250,000
5,865 sqft 0.08 AC lot

Prime mixed-use property in downtown Champaign with rental income.

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11-Unit Multifamily Investment
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
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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Historic Brick Duplex
Historic Brick Duplex

209 S Prospect Street, Galena, IL 61036

$850,000
4,608 sqft

Federal-style duplex with a City of Galena short-term rental license for four-person occupancy and flexible second-residence living.

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New All-Brick Triplex
New All-Brick Triplex

329 Rutledge Street, Worden, IL 62097

$385,000
3,300 sqft 0.57 AC lot

Newly completed triplex with two 2-bedroom units and one 3-bedroom unit, plus parking for tenants.

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Lakefront Tavern and Apartment Property
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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Four-Unit Ranch Apartment Building
Four-Unit Ranch Apartment Building

1620 Suydam Road, Sandwich, IL 60548

$599,700
0.66 AC lot

Well-maintained four-unit ranch property with two-bedroom layouts, individual utilities, and dedicated garage bays.

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Two-Story Mixed-Use Commercial Building
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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Turnkey Six-Unit Greystone
Turnkey Six-Unit Greystone

1264 S Saint Louis Avenue, Chicago, IL 60623

$739,000
0.78 AC lot

Fully leased six-unit building with fixed-term leases into 2027 and updated exterior and interior finishes.

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Studio Apartment Building
Studio Apartment Building

184 W 147th Street, Harvey, IL 60426

$1,100,000
0.33 AC lot

20-unit studio apartment building with low-maintenance landscaping and parking lot repaving planned before closing.

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Corner Mixed-Use Building with Restaurant
Corner Mixed-Use Building with Restaurant

2506 N Clybourn Avenue, Chicago, IL 60614

$1,475,000
0.23 AC lot

Vacant solid-brick mixed-use corner property with a main-level restaurant/bar, residential units, and detached garage.

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Two-Story Mixed-Use Building
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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Updated Two-Unit Residential Duplex
Updated Two-Unit Residential Duplex

1210 S Lloyd Avenue, Lombard, IL 60148

$720,000
0.48 AC lot

Two-unit duplex on a nearly half-acre fenced lot with separate utilities, entrances, and a finished lower level.

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Victorian Four-Unit Income Property
Victorian Four-Unit Income Property

23 W Laurel Street, Millstadt, IL 62260

$385,000
1,896 sqft 0.26 AC lot

Four-apartment Victorian-style property with separate electric meters and updated kitchens and baths.

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Mixed-Use Bar and Apartments
Mixed-Use Bar and Apartments

1348 Madison Avenue, Madison, IL 62060

$199,000
4,608 sqft 0.29 AC lot

Mixed-use property includes upstairs rented apartments and a main-floor bar and grill with included kitchen equipment.

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Waterfront Short-Term Rental Compound
Waterfront Short-Term Rental Compound

27717 W Grass Lake Drive, Spring Grove, IL 60081

$749,900
1.13 AC lot

Turnkey furnished rental setup on Grass Lake with private sand beach, pier, and guest-ready amenities for flexible use.

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New Construction 3-Unit Residential Building
New Construction 3-Unit Residential Building

4130 S calumet Avenue, Chicago, IL 60653

$1,225,000

New construction 3-flat with three 3-bedroom, 2-bath units, including covered carport and outdoor deck amenities.

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Brick Duplex with Covered Parking
Brick Duplex with Covered Parking

213 Brackett Street, Swansea, IL 62226

$169,900
1,350 sqft 0.20 AC lot

Two-unit brick duplex offers updated interiors, shared laundry, and covered parking in the back alley.

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Well-Maintained 4-Plex Residence
Well-Maintained 4-Plex Residence

100 N State Street, Ellis Grove, IL 62241

$425,000
2,000 sqft 0.46 AC lot

Well kept 4-plex offering four two-bedroom units with covered carports and straightforward, step-free access.

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Illinois Multifamily Properties Market Trends and Statistics

Explore 1829 multifamily properties for sale in Illinois, showcased through 1829 active listings on our real estate platform. These investment opportunities span a total of 6,531,824 square feet of properties for sale, with an estimated market value of $762,685,217.

Sale prices for multifamily properties in Illinois start at $38,000, averaging $1,466,702, 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.

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