Multi-Family Homes and Real Estate in Chicagoland

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When you think of a home, you typically picture a single-family home in your mind. Most people don't consider multi-family residential homes right away. Maybe you don’t even know what multi-family housing is? Multi-family properties make up quite a bit of the residential real estate market and if you are an investor, you just might want to consider a multi-family property in your investment portfolio. Before you jump in, take a look at the details below so you can have all the information you need before buying a multi-family home.Multi-Family Real Estate Listings in and Around Chicago

What is Multi-Family Housing?

Muti-family property is any residential real estate that allows for two or more households to live at the same time. There is a range in this property type. Typically these properties rent out the available home space to tenants rather than being occupied by the owners like most single-family homes. In multi-family properties, tenants will usually share walls, floors, or even in some cases utilities and parking spaces. In some cases, you will also share common spaces like yards.

What are the types of Multi-Family Housing?

Condominiums

Condominiums are common multi-family homes. Residents own their units or the building owner will rent out some or all of the units within.

Apartments

An apartment building is another common multi-family housing option. Each apartment has its own living space including bedrooms, bathrooms, kitchen, and living room. Other areas like parking or yards are shared. Apartment buildings range in size and can be a few units or hundreds depending on the development.

Duplexes

Multi-Family Real Estate Listings in and Around ChicagoA duplex is a multi-family home that is two units in one building. The residents will share a wall but they will have separate entrances to their homes and in some cases their yards. There are variations of a duplex like a triplex and or fourplex.

Garden apartments

A garden apartment is a low-rise multifamily housing development with fewer units. These are typically found in the suburbs on the outskirts of cities.

Benefits of Multi-Family Housing

The biggest benefit of multi-family housing is that it is more affordable. It can be difficult for some to buy a home and being able to rent in a multi-family housing development can be a housing solution for many. Typically these developments reduce finances for the investor because if one unit is behind on rent while the others are on time, there is still an income. In this case, residents are also not affected by the financial choices of their neighbors. Multi-family developments are typically maintained and managed by a team or company on behalf of the owner as well.

Things to look out for in Multi-Family Housing

If you are looking to invest then you want to look for a multi-family home that has been previously well-maintained. Check on the managing agent or unit owner and pay attention to the maintenance history. As an investor, you also want to look at the rental history. You need to make sure you will get a return on your investment. A bad rental history is a red flag for you. Take a look at the area and the housing demand in that area. Lastly, make sure you can maintain the multifamily home or complex and factor in those financials.


Yes, Chicago is known for its diverse neighborhoods and vibrant housing market. The city is home to a wide range of neighborhoods, each with its own unique character and charm. From historic brownstones to modern high-rise apartments, there is a wide variety of housing options available in Chicago.

The city's housing market is also very active, with a large number of homes being bought and sold each year. This can make it a great place for both buyers and sellers, as there are always plenty of opportunities to find the right property or to sell your home.

Additionally, Chicago's diverse economy and strong job market make it an attractive place to live for many people, which can drive demand for housing in the area. Overall, Chicago's combination of diverse neighborhoods, the vibrant housing market, and strong economy make it a great place to live and invest in real estate.

If you are looking for any kind of multi-family home or development, then you are in the right place. This can be a great investment to add to your real estate portfolio. To get more information and start your search for these properties today, contact us. We are here to help with all of your Chicago real estate needs.

Search All Multi-Family Around Chicagoland March 30, 2023
3784
Listed
85
Avg. DOM
$208.41
Avg. $ / Sq.Ft.
$348,650
Med. List Price
3784 Properties
Page 1 of 190
3
Beds
3F11/2
Baths
3,766
Sq.Ft.
1
Day on Site
11727730
MLS
Stunning brick & stone townhouse located in coveted Villas of Maple Woods! Feels like a single family home. Three bedrooms plus a first floor den, two story living at its best! Rare sun room for...
3
Beds
1F11/2
Baths
1,152
Sq.Ft.
1
Day on Site
11748028
MLS
This charming 3 bedroom townhome is located in Pheasant Ridge of Mokena. The first floor boasts a generous sized living room, powder room, eat-in kitchen with entry to 1 car garage w/ opener....
Open 4/2
8515 Thistlewood Ct Darien,  IL 60561
3
Beds
3F11/2
Baths
1,931
Sq.Ft.
1
Day on Site
11746127
MLS
Beautifull spacious END UNIT. Vaulted ceilings, White woodwork, skylights and 6 panel Cherry doors. Two story with beautiful custom stairway. Extensive windows thru-out with plenty of sunlight and...
2
Beds
2
Baths
1,384
Sq.Ft.
1
Day on Site
11748042
MLS
Come see this desirable, end unit, ranch townhome in the highly sought after Bristol Park complex. This 2 bed/ 2 full bath boosts an open floor plan with new flooring throughout; Freshly painted; A...
Open 4/1
4055 Pheasant Ct St. Charles,  IL 60174
3
Beds
2F21/2
Baths
2,172
Sq.Ft.
1
Day on Site
11743598
MLS
Gorgeous 2-Story townhome with a first floor Master suite located on a cul de sac. Master suite has a luxury bath with a jetted tub, separate shower and 2 individual vanities with granite tops. The...
11
Beds
4
Baths
0.07
Acres
1
Day on Site
11748054
MLS
Introducing 4024 W Grenshaw St, an all brick jumbo 4 flat that is fully occupied & stabilized for investment, featuring individual/in-unit furnaces & water heaters, copper plumbing throughout,...
8
Beds
3
Baths
1
Day on Site
11719764
MLS
Charming victorian three flat in Oak Park's Frank Lloyd Wright historic district. Units feature beautiful high ceilings with original crown molding and hardwood flooring. Newer tile in all baths. All...
7
Beds
3
Baths
1
Day on Site
11748058
MLS
WOW! INCREDIBLE INCOME PRODUCING PROPERTY IN THE HEART OF RAPIDLY GROWING MCKINLEY PARK RECEIVING A TOTAL OF $3,800 IN MONTHLY RENT. THIS ONE OF A KIND BUILDING SPOILS YOU WITH GENEROUS SIZE...
2
Beds
2F11/2
Baths
1,310
Sq.Ft.
1
Day on Site
11721458
MLS
Searching for a 2 bed 2.5 bath townhome in Orland Park? Look no more. This spacious end unit has plenty to offer including immaculate pond views from multiple room. The freshly painted living room...
3
Beds
1F11/2
Baths
1,116
Sq.Ft.
1
Day on Site
11744455
MLS
Great townhome with Washer/ Dryer in unit. 2 assigned parking spaces. Great location near shopping, schools, parks and public transportation. Property sold as-is. Seller makes no representations or...
6
Beds
3
Baths
1
Day on Site
11740985
MLS
Legal 3 flat plus basement with 2 exits ready for your rehab ideas. 3420 sq ft not including the basement. Some of the more recent updates include; city water line, some updated plumbing, windows,...
Open 4/1
1910 Harvey Ave Berwyn,  IL 60402
5
Beds
2
Baths
0.08
Acres
1
Day on Site
11748107
MLS
Welcome to 1910 Harvey, a meticulously recently rehabbed legal 2-unit brick building. This turn-key property offers a unique opportunity for investors or owner-occupants seeking a move-in ready home...
2
Beds
2F11/2
Baths
1,010
Sq.Ft.
1
Day on Site
11699285
MLS
Welcome to 78 Golfview. A meticulously maintained 2 bed, 2.5 Bath home in the highly sought-after community of Glendale Lakes. Natural light flows through every corner of the home. Updated kitchen...
3
Beds
2F11/2
Baths
2,048
Sq.Ft.
1
Day on Site
11720340
MLS
This stunning home in the highly coveted PRAIRIE POINT subdivision offers the perfect combination of beauty and functionality. With 3 spacious bedrooms and 2.5 bathrooms, and a loft this home...
2
Beds
2F11/2
Baths
2,005
Sq.Ft.
2
Days on Site
11747109
MLS
VERY BRIGHT NICELY UPDATED TOWNHOUSE IN A HIGHLY DESIRABLE BROOKSIDE GLEN SUBDIVISION HAS EVERYTHING YOU ARE LOOKING FOR. BIG KITCHEN WITH QUARTZ COUNTERTOPS, SS WHIRPOOL APPLIANCES AND EXTRA DEEP...
6,250
Sq.Ft. Lot
2
Days on Site
11747117
MLS
Automotive and Tireshop: 560,000.00 , second parcel is for tire shop: 195,000.00...Owner is ready to sell after 30 yrs with business with all equipment worth over 60K; Adjoining parcel which is the...
Open 4/1
7419 W Isham St Chicago,  IL 60631
3
Beds
3
Baths
2
Days on Site
11747119
MLS
Rare investment opportunity on a brick, 3 unit building in Edison Park. 1st and 2nd unit are occupied and are 2 BR, 1 Bath. Garden unit is vacant and is 1 BR, 1Bath. Saturday and Sunday showings...
3
Beds
2F11/2
Baths
2,293
Sq.Ft.
2
Days on Site
11747158
MLS
Imagine morning coffee at your kitchen table surrounded by windows filled with beaming sunlight from your golf course view. Or, an evening soak in your master bedroom suite featuring a huge jacuzzi...
6
Beds
3
Baths
2
Days on Site
11747169
MLS
YES!!! Your dream has finally came to fruition! Space, check! Style, check! Duplex unit, check! Garage, Check! This property is CHECKING all the boxes! This 2 unit comes with lots of style,...
2
Beds
1
Baths
952
Sq.Ft.
2
Days on Site
11747151
MLS
Opportunities beam from this 2 bed/1 bath row home in South Shore. Step into a cozy living room extended by its flow into the dining area. Natural light pours into both spaces through newly installed...

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