Franklin Park, IL Multifamily Properties for Sale

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Chicago, IL River Grove, IL Melrose Park, IL

Updated: May 27

Franklin Park Multi-Unit Building

3034 Houston Street, Franklin Park, IL 60131

$550,000

Fully rented 3‑unit building offers immediate rental income.
Each unit features 2 bedrooms, 1 bathroom, living room, and kitchen.
New kitchens with new countertops and updated bathrooms in all units.
New heater and A/C system installed.
New windows throughout the property.

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Updated: Apr 7

New Construction Mixed-Use Building

9600 Franklin Ave, Franklin Park, IL 60131

$38,999,000

8,180 sqft

New construction luxury apartments with high‑end finishes including face ID entry, stainless steel appliances, and quartz countertops.
Convenient location across from Metra station, near major highways and O'Hare Airport.
Extensive amenity package: fitness center, club room, rooftop deck with skyline views, conference room, pet spa, and heated garage parking.
Mixed‑use building with 110 apartments and approximately 8,180 square feet of retail space.
Variety of unit sizes: junior one‑bedroom, one‑bedroom, and two‑bedroom units.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Franklin Park, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Three-Unit Brick Income Property

7713 W Forest Preserve Avenue, Chicago, IL 60634

$659,900

0.08 AC lot

Three rental units with recent building improvements and tenant-paid utilities, plus off-street parking.

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Renovated Duplex with Basement Laundry

1310 N 24th Avenue, Melrose Park, IL 60160

$449,900

0.07 AC lot

Two move-in-ready units with 2024 upgrades, plus a basement laundry area and added mechanical improvements.

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Northwest Chicago Investment Opportunity

3301 N Ozanam Avenue, Chicago, IL 60634

$450,000

0.12 AC lot

Fully leased multi-family property with income potential in Chicago.

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Melrose Park Multifamily Investment Opportunity

2241 Mannheim Rd, Melrose Park, IL 60164

$1,900,000

22-unit multifamily property in Melrose Park, Illinois, for sale.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Recreational Land Bordering National Forest

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

RV recreational lot bordering Manistee National Forest.

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Off-Market Properties in Franklin Park, IL

Consider similar Off-Market properties in Franklin Park, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

GARDEN APT, COURT APT (5+ UNITS)

9410 Schiller Blvd, Franklin Park, IL 60131-2958

$870,000

Estimated value

0.07 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

9832 Grand Ave, Franklin Park, IL 60131-2639

$755,000

Estimated value

0.06 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

9832 Grand Ave, Franklin Park, IL 60131-2639

$755,000

Estimated value

0.07 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

3049 Scott St, Franklin Park, IL 60131-2584

Value Estimation by Request

2,112 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

9606 Schiller Blvd, Franklin Park, IL 60131-2969

Value Estimation by Request

2,956 sqft · 0.09 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

10221 Chestnut Ave, Franklin Park, IL 60131-2492

$965,000

Estimated value

10,984 sqft · 0.26 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

10151 Chestnut Ave, Franklin Park, IL 60131-2484

$3,570,000

Estimated value

0.18 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

10531 Crown Rd, Franklin Park, IL 60131-3712

$775,000

Estimated value

0.25 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

3026 Bright St, Franklin Park, IL 60131-2316

Value Estimation by Request

2,250 sqft · 0.11 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

9817 Schiller Blvd, Franklin Park, IL 60131-2660

$1,150,000

Estimated value

0.17 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

3001 Emerson St, Franklin Park, IL 60131-2641

$790,000

Estimated value

0.07 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

10549 Crown Rd, Franklin Park, IL 60131-3719

$750,000

Estimated value

0.25 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

3030 Pr St, Franklin Park, IL 60131-2346

Value Estimation by Request

2,856 sqft · 0.11 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

9815 Schiller Blvd, Franklin Park, IL 60131-2659

$1,325,000

Estimated value

0.09 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

9813 Schiller Blvd, Franklin Park, IL 60131-2658

$1,325,000

Estimated value

0.09 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

10067 Franklin Ave, Franklin Park, IL 60131-1839

Value Estimation by Request

3,588 sqft · 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

10067 Franklin Ave, Franklin Park, IL 60131-1839

Value Estimation by Request

3,588 sqft · 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3026 Ruth St, Franklin Park, IL 60131-2367

Value Estimation by Request

2,250 sqft · 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3026 Houston St, Franklin Park, IL 60131-2469

Value Estimation by Request

2,250 sqft · 0.11 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

9613 Nevada Ave, Franklin Park, IL 60131-3348

$1,045,000

Estimated value

0.39 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

9462 Schiller Blvd, Franklin Park, IL 60131-2950

Value Estimation by Request

1,869 sqft · 0.16 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

9520 Franklin Ave, Franklin Park, IL 60131-2741

Value Estimation by Request

4,428 sqft · 0.07 AC lot

View details

Franklin Park, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Franklin Park, IL on our real estate platform. These investment opportunities span a total of 8,180 square feet of properties for sale, with an estimated market value of $38,999,000.

Sale prices for multifamily properties in Franklin Park, IL start at $38,999,000, averaging $38,999,000, 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 18K

Population Growth (5Y) +0.2%

Median Household Income $76,404

College Educated 22.7%

High-Yield Neighborhoods for Investment

Identify Franklin Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60131	$19.8M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Franklin Park fall within the 100,000+ square foot range.

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Franklin Park, IL Multifamily Properties for Sale

3034 Houston Street, Franklin Park, IL 60131

9600 Franklin Ave, Franklin Park, IL 60131

Opportunities in Nearby Cities

7713 W Forest Preserve Avenue, Chicago, IL 60634

1310 N 24th Avenue, Melrose Park, IL 60160

3301 N Ozanam Avenue, Chicago, IL 60634

2241 Mannheim Rd, Melrose Park, IL 60164

Potential Development Sites for Consideration

27 Oyster Bay, Lakemoor, IL 60051

976 Mesa Court, University Park, IL 60484

4418 Oakland Court, Wheatfield, IN 46392

V/L E Kissing Oaks Trail, Custer, MI 49405

Off-Market Properties in Franklin Park, IL

9410 Schiller Blvd, Franklin Park, IL 60131-2958

9832 Grand Ave, Franklin Park, IL 60131-2639

9832 Grand Ave, Franklin Park, IL 60131-2639

3049 Scott St, Franklin Park, IL 60131-2584

9606 Schiller Blvd, Franklin Park, IL 60131-2969

10221 Chestnut Ave, Franklin Park, IL 60131-2492

10151 Chestnut Ave, Franklin Park, IL 60131-2484

10531 Crown Rd, Franklin Park, IL 60131-3712

3026 Bright St, Franklin Park, IL 60131-2316

9817 Schiller Blvd, Franklin Park, IL 60131-2660

3001 Emerson St, Franklin Park, IL 60131-2641

10549 Crown Rd, Franklin Park, IL 60131-3719

3030 Pr St, Franklin Park, IL 60131-2346

9815 Schiller Blvd, Franklin Park, IL 60131-2659

9813 Schiller Blvd, Franklin Park, IL 60131-2658

10067 Franklin Ave, Franklin Park, IL 60131-1839

10067 Franklin Ave, Franklin Park, IL 60131-1839

3026 Ruth St, Franklin Park, IL 60131-2367

3026 Houston St, Franklin Park, IL 60131-2469

9613 Nevada Ave, Franklin Park, IL 60131-3348

9462 Schiller Blvd, Franklin Park, IL 60131-2950

9520 Franklin Ave, Franklin Park, IL 60131-2741

Franklin Park, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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