Multifamily in Chicago, IL — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60614

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Description

Value Add Multifamily Building in the Heart of Lincoln Park with 3 Units, Includes Coach House with Additional 2 Units To view Offering Memorandum, please visit: https://www.cbredealflow.com/buyer/agreement?pv=GGH2V-KGcrLueE1sk2zMiLI2e-C9qpRUq-pzONaxAZafg8Pyt6JgxlqRMxHNxqiU CBRE, Inc. is exclusively representing the sale of 1829 North Halsted Street (“The Property”), a fully leased, multi-family asset in Chicago’s Lincoln Park neighborhood. The offering consists of a ±6,300 square foot, three-story building with 3 apartments as well as a coach house behind the main building with 2 apartments. Strategically positioned on North Halsted Street, the Property benefits from a prime location in a lively neighborhood renowned for its dining and entertainment options, as well as convenient access to all transportation. Offering a blend of historic character and modern design, The Property is fully-leased within the vibrant core of the RANCH Triangle community in Lincoln Park. This spacious 5-unit in Lincoln Park is ideal for investors or owner-occupants looking to add value. The building consists of well-laid-out apartments with strong rental potential and classic Chicago charm, just steps from neighborhood amenities, transportation, dining, and shopping. The property is currently under-rented and will benefit from light rehab such as kitchen and bath updates and common area improvements - allowing the next owner to modernize units, justify higher rents, and significantly increase cash flow. With its desirable Lincoln Park address, solid bones, and clear upside through renovations, this building is a rare opportunity to reposition a smaller multifamily asset in one of Chicago’s most sought-after rental markets.

Market Context

This multifamily in Chicago, IL is listed for sale. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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