Multi–family Homes in Chicago | Reonomy

Multi–family Homes in Chicago

Unlock property data on 149,177 multi–family homes in Chicago. Search through Chicago property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Chicago commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in multi–family homes.

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Chicago multi-family home sold prices and values

Values and sold prices (last 24 months) United States Illinois Chicago
Average price/sqft $1,730 $3,571 $5,167
Average sold price $1,583,650 $1,365,296 $977,000
Median sold price $238,928 $275,036 $290,142
Number of sales 357,848 18,713 12,278
Number of sales over $250k 174,051 10,162 6,958
Number of sales over $1m 50,996 2,138 1,271
Number of sales over $10m 8,536 347 113
Average total tax amount $31,856 $9,034 $7,578
Average assessed value $760,556 $52,010 $37,113
Average market value $1,209,172 $369,999 $369,867

Chicago multi-family home property averages

Property averages United States Illinois Chicago
Average lot size 90,162 sf 23,352 sf 4,248 sf
Median lot size 6,978 sf 3,780 sf 3,665 sf
Average building area 861 sf 167 sf 110 sf
Median building area 64 sf 66 sf 66 sf
Median year built 1949 1915 1908
Average number of units 16 4 3
Median number of units 2 2 2

Chicago multi-family home total supply

Supply United States Illinois Chicago
Number of parcels 4,398,050 225,720 149,179
Aggregate lot acerage 144,043,080 152,186 13,561
Aggregate building area 1,752,275,797 sf 19,287,540 sf 8,680,130 sf
Aggregate units 49,731,847 801,704 542,898

Chicago multi-family home industrial mortgages

Debt United States Illinois Chicago
Number of mortgages 10,840,485 996,868 734,078
Average value of mortgages $1,416,228 $661,572 $471,210

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