Multi Family Investment Properties for Sale in Chicago, IL
939- 5 Bed
- 2 Bath
- - sft
1345- 11 Bed
- 3 Bath
- - sft
448- 5 Bed
- 2 Bath
- - sft
532- 4 Bed
- 4 Bath
- 3000 sft
Why Invest in Chicago, Illinois?
Chicago's multifamily market offers compelling fundamentals with limited new construction preventing oversupply. The market benefits from strong job growth and diverse rental options across price points. Cap rates have normalized around 6%, creating attractive entry points for investors. Asking rents are projected to rise 3.25% in 2026, supported by an extremely limited development pipeline that keeps vacancy rates low. Downtown Chicago presents unique opportunities with limited new supply through 2027-2028, while suburban markets maintain steady 96% occupancy with rising rents.
Frequently Asked Questions
Chicago's multifamily fundamentals remain strong due to an extremely limited development pipeline that prevents oversupply, combined with normalized cap rates around 6% and projected rent growth of 3.25% in 2026. The market's strength is driven by supply constraints rather than demand growth, creating favorable conditions for investors.
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