3100 W Douglas Blvd, Chicago — Sale in Chicago, IL

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60623
  • Size: 17,658 SF
  • Year built: 1913

Investment Figures

Cap rate
7.00%
Price per square foot
$88
Price per unit
$103,333 across 15 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Turnkey 15 Unit Multifamily - For Sale Building SF: 17658 | Land Size: 10870.0 SF | Year Built: 1913 | Listing Type: FOR SALE

Market Context

This multifamily in Chicago, IL is listed for sale at $1,550,000 across 17,658 SF. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1913. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed rents up 9.3% year over year, and cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 7.0% asking cap rate is above the Chicago multifamily market average of about 4.9%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Chicago?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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