Morton Grove, IL Multifamily Properties for Sale

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Skokie, IL Glenview, IL Niles, IL

Updated: Nov 21, 2025

Dempster Street Retail and Multifamily

5800-5814 Dempster Street, Morton Grove, IL 60053

$2,590,000

14,510 sqft

High visibility on Dempster Street with 34,900 VPD.
±93,000 SF development potential, with 11,000 SF of retail.
Located in Dempster Street Commercial Corridor in a well‑established neighborhood.
Identification of Menard & Dempster as a prime redevelopment area.
Close proximity to Edens Expressway/I‑94 (0.40 miles).

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This listing looks promising.

Here's a quick look at some key insights for

5800-5814 Dempster Street, Morton Grove, IL 60053

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$201K
Annual
Price @ 7% Cap

$2.88M
Above asking
Last Sold

Feb 2026
$500

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Updated: Apr 30

Rehabbed Duplex in Morton Grove

8643 Ferris Avenue, Morton Grove, IL 60053

$600,000

0.14 AC lot

Meticulously well‑maintained 2‑flat, rehabbed in 2024, featuring 2 bedrooms and 1 full bathroom in each unit
White shaker kitchen cabinets with quartz countertops in both units
Huge back deck for outdoor relaxing and entertaining
2.5‑car garage plus a driveway with additional parking space
Public utilities: public water and public sewer; heated with natural gas

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Edens Point Condo For Sale

5506 Lincoln Avenue #A211, Morton Grove, IL 60053

$140,000

One bedroom condo in move-in condition with pool and laundry.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Morton Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 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.

Six-Unit Apartment Building

8509 N Milwaukee Avenue, Niles, IL 60714

$875,000

Six one-bedroom flats with updates including a new roof, newer windows, tuckpointing, and copper plumbing.

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Skokie Multifamily Apartment Building

4950 Greenwood Street, Skokie, IL 60077

$1,750,000

0.08 AC lot

Well-maintained six-unit building near transportation and amenities.

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Niles 6-Flat Investment Opportunity

6920 N. Rosemary Lane, Niles, IL 60714

$1,200,000

Well-maintained 6-flat in Niles, a strong suburban rental market.

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Skokie Six-Unit Multifamily Building

4950 Greenwood Street, Skokie, IL 60077

$1,750,000

0.08 AC lot

Well-maintained six-unit building near transportation and amenities in Skokie.

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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 Morton Grove, IL

Consider similar Off-Market properties in Morton Grove, 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.

APARTMENT HOUSE (UNDER 5 UNITS)

5926 Lincoln Ave, Morton Grove, IL 60053-3310

$800,000

Estimated value

4,423 sqft · 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

6236 Lincoln Ave, Morton Grove, IL 60053-2987

Value Estimation by Request

2,562 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

6100 Lincoln Ave, Morton Grove, IL 60053-2963

Value Estimation by Request

1,779 sqft · 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8737 Narragansett Ave, Morton Grove, IL 60053-2895

Value Estimation by Request

1,664 sqft · 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8619 Ferris Ave, Morton Grove, IL 60053-2830

Value Estimation by Request

2,312 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8709 Callie Ave, Morton Grove, IL 60053-2808

Unit 1

Value Estimation by Request

2,454 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5801 Carol Ave, Morton Grove, IL 60053-3006

Value Estimation by Request

2,703 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8539 Callie Ave, Morton Grove, IL 60053-2802

$690,000

Estimated value

4,093 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8712 Callie Ave, Morton Grove, IL 60053-2807

Value Estimation by Request

2,870 sqft · 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

6148 Crain St, Morton Grove, IL 60053-2986

Value Estimation by Request

2,330 sqft · 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8729 Ferris Ave, Morton Grove, IL 60053-2872

Value Estimation by Request

2,304 sqft · 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8601 Fernald Ave, Morton Grove, IL 60053-2844

Value Estimation by Request

1,584 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5632 Dempster St, Morton Grove, IL 60053-3100

Value Estimation by Request

3,724 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5630 Dempster St, Morton Grove, IL 60053-3110

Value Estimation by Request

3,724 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8523 Fernald Ave, Morton Grove, IL 60053-2820

Value Estimation by Request

2,028 sqft · 0.14 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

6004 Oakton St, Morton Grove, IL 60053-2733

$635,000

Estimated value

2,150 sqft · 0.26 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

9140 Waukegan Rd, Morton Grove, IL 60053-2124

$510,000

Estimated value

2,375 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8442 Mcvicker Ave, Morton Grove, IL 60053-3231

$625,000

Estimated value

3,406 sqft · 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8534 Fernald Ave, Morton Grove, IL 60053-2819

Unit 1

Value Estimation by Request

3,958 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8601 Ferris Ave, Morton Grove, IL 60053-2905

Value Estimation by Request

2,200 sqft · 0.14 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8541 Callie Ave, Morton Grove, IL 60053-2802

Value Estimation by Request

2,483 sqft · 0.14 AC lot

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Morton Grove, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Morton Grove, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 14,510 square feet of properties for sale, with an estimated market value of $2,590,000.

Sale prices for multifamily properties in Morton Grove, IL start at $2,590,000, averaging $2,590,000, and reaching up to $2,590,000 — 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 25K

Population Growth (5Y) +6.2%

Median Household Income $106,078

College Educated 72.3%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
60053	$1.1M

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 Morton Grove fall within the 50,000 to 100,000 square foot range.

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Morton Grove, IL Multifamily Properties for Sale

5800-5814 Dempster Street, Morton Grove, IL 60053

8643 Ferris Avenue, Morton Grove, IL 60053

5506 Lincoln Avenue #A211, Morton Grove, IL 60053

Opportunities in Nearby Cities

8509 N Milwaukee Avenue, Niles, IL 60714

4950 Greenwood Street, Skokie, IL 60077

6920 N. Rosemary Lane, Niles, IL 60714

4950 Greenwood Street, Skokie, IL 60077

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 Morton Grove, IL

5926 Lincoln Ave, Morton Grove, IL 60053-3310

6236 Lincoln Ave, Morton Grove, IL 60053-2987

6100 Lincoln Ave, Morton Grove, IL 60053-2963

8737 Narragansett Ave, Morton Grove, IL 60053-2895

8619 Ferris Ave, Morton Grove, IL 60053-2830

8709 Callie Ave, Morton Grove, IL 60053-2808

5801 Carol Ave, Morton Grove, IL 60053-3006

8539 Callie Ave, Morton Grove, IL 60053-2802

8712 Callie Ave, Morton Grove, IL 60053-2807

6148 Crain St, Morton Grove, IL 60053-2986

8729 Ferris Ave, Morton Grove, IL 60053-2872

8601 Fernald Ave, Morton Grove, IL 60053-2844

5632 Dempster St, Morton Grove, IL 60053-3100

5630 Dempster St, Morton Grove, IL 60053-3110

8523 Fernald Ave, Morton Grove, IL 60053-2820

6004 Oakton St, Morton Grove, IL 60053-2733

9140 Waukegan Rd, Morton Grove, IL 60053-2124

8442 Mcvicker Ave, Morton Grove, IL 60053-3231

8534 Fernald Ave, Morton Grove, IL 60053-2819

8601 Ferris Ave, Morton Grove, IL 60053-2905

8541 Callie Ave, Morton Grove, IL 60053-2802

Morton Grove, 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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