Search Duplex and 3-flats for sale in Chicago

Newest Duplex and 3-flats for sale in Chicago

$829,000
9 Beds 5 Baths 12110092 MLS NEW Status
Pleased to present the opportunity to purchase 3401 N Troy St, Chicago, IL, a well-maintained and professionally operated multifamily property in the highly desired Avondale neighborhood, known for its top-tier rent. This legal, four-unit, with extra three-story corner building sits on an extra-wide lot of 5,208 SF, boasting 1,600 SF of side yard, including a rear finished surface space for additional parking. Recent CapEx investments in the roof (2020) and electrical systems (2019) enhance the property's life and reliability. The property features a mix of one and two-bedroom apartments, all under a month-to-month lease structure with long-standing tenants, offering flexibility for immediate income improvements and potential market rent adjustments. Unit 2F contains its private 9'x9' den/office, with its own private closet/storage room. The unfinished basement has ceiling heights of 7.7 feet, with it's own private entrance from unit 1F which may serve as additional footprint for a duplex-down. Unit 1F consists of 1,350 SF with 12 foot ceilings, and it's own private 19'x8' wooden deck. Additionally, there's a four-car garage and two surface parking spaces bringing in $450.00 extra income per month above the base rent. Apart from the four units, the building includes a finished third story finished space spanning 800 SF, with its own full bathroom, two bedrooms, its own gas and two entrance/exits. Its proximity to the Kennedy Expressway, CTA Blue Line stop, and established national credit tenants like Jewel-Osco, Chase Bank, Huntington Bank, Chick-fil-A, Nissan Auto, Revolution Brewery, and others adds to its higher rent per square foot than others. The oversized lot size not only supports potential expansion or outdoor amenities but also accommodates extra income via extra parking opportunity. This multifamily building promises stable income and growth potential, making it an ideal investment for those seeking a reliable income-producing property in a prime location. Additional Details: Forced air throughout all four units; each unit has its own water tank and furnace; both lots fully gated. Contact listing agent for a complete Offering Memorandum booklet including detailed building information and financials.

3401 N Troy Street, Chicago

$475,000
6 Beds 3 Baths 12109419 MLS NEW Status
Previous buyers had financial difficulty - Inspection was not completed. Show with confidence. This charming brick 2-flat is nestled in a serene residential neighborhood in Portage Park. Newly refinished hardwood floors on both levels, and the freshly painted interiors make it move-in ready. This property offers two beautifully maintained apartments, and a finished basement with an in-law suite. The inviting front porch greets you and your guests as they enter the first-floor unit, where you'll find two bedrooms, an updated bathroom, separate dining room, living room, and a modern eat-in kitchen. The open layout flows seamlessly from the formal dining room into the cozy living area, all accented by gleaming hardwood floors. Ascend to the second-floor apartment and discover three bedrooms, an updated bathroom, and a bright eat-in kitchen. The dining room opens to a comfortable living room, perfect for entertaining. Relax and unwind on your private balcony, offering delightful views of the peaceful neighborhood. The fully finished basement is a standout feature. It hosts a complete in-law suite with a full kitchen, updated bathroom, and living room. The shared basement also includes a convenient laundry room outfitted with a new washer and dryer. A well-maintained backyard provides a perfect space for outdoor gatherings, gardening, or simply enjoying the fresh air. The property also includes a detached two-car garage, ample storage and a gated parking space. This versatile home is ideal for extended family living or generating rental income. New GFI outlets, new electrical, and freshly painted qualifies this property for an FHA loan. Book your showing today, you will not be disappointed.

4904 W School Street, Chicago

$350,000
5 Beds 2 Baths 12106387 MLS NEW Status
Welcome to this stunning Greystone 2-flat located in the Greater Grand Crossing neighborhood. This property features two beautifully renovated units, each boasting modern amenities that promise comfort and style. The first-floor unit is a spacious 2-bedroom, 1-bathroom home that is duplexed down, providing additional living space. The second-floor unit offers 3 bedrooms and 1 bathroom. Both units have been tastefully updated with recessed lighting, fresh paint, and newer appliances, creating a contemporary living environment. Recent updates in the past two years include: - Brand new roof - Modern recessed lighting throughout - New windows offering ample natural light - Upgraded interior and closet doors - Gleaming hardwood floors - Durable ceramic floors - Stylish kitchen cabinets and granite countertops - Elegant tile shower walls - New bathtubs and toilets - Renovated front porch and a rear steel porch - New exterior rear door leading to the basement - Added washer/dryer connection in the top unit - Updated electrical wiring and plumbing The basement area which is duplexed down remains unfinished, offering a blank canvas for owners or investors to bring their vision to life. Whether you dream of additional living space, a recreational area, or extra storage, the possibilities are endless. Don't miss the opportunity to own this beautifully updated Greystone 2-flat in Greater Grand Crossing. Schedule your showing today and envision the potential this property has to offer!

7622 S Normal Avenue, Chicago

$625,000
5 Beds 2 Baths 12107165 MLS NEW Status
Timeless brick 2-Flat in emerging Albany Park. Situated on a quiet, tree-lined street in the heart of Albany Park/West Ravenswood Manor, this property offers a prime location with easy access to Bateman Elementary, the Kedzie Brown Line, Horner Park, and a variety of local amenities. Rich original woodwork and hardwood flooring throughout both units. Spacious Layouts with 9' ceilings, separate dining rooms with triple windows, and roomy pantries. Unique touches include large bay windows in the living rooms and a front balcony on the second-floor unit providing natural light and relaxation space. The enclosed back porches are sunlit spaces ideal for leisure or extra storage. There is a huge unfinished basement with built-in storage closets for tools and tenant storage. The 2.5 car brick masonry garage is convenient or can provide additional income. Recent updates include Marvin brand all-wood replacement windows, a 2019 complete tear-off roof replacement, newer electrical boxes, front brick re-faced and tuckpointed, and a newer hot water heater. A common washer/dryer is in the basement for both units - convenient and free. Enjoy the beautiful perennial plants filling the backyard, complementing the garage green roof. Within walking distance to local favorites such as Templestowe Pub, Brasa Roja, Pizza y Pan Pa'Ya, Cermak Produce, Angelo's, the Montrose Saloon, Noon O Kabob, Kabobi Persian and Mediterranean Grill, and Vintage Grind House Antiques. Bring your ideas - convert to a single family, live on the second floor with rental income or strictly use as an investment property. Even though the building has been nicely maintained by long term owners, selling "as is".

4437 N Troy Street, Chicago

$799,900
8 Beds 3 Baths 12079322 MLS NEW Status
Rental income potential! Situated in the sought after Ravenswood Manor neighborhood and highly rated Waters school district, this spacious brick 2-flat on a quiet tree-lined one-way street offers lucrative rental income potential. Whether you're an investor looking to capitalize on the thriving rental market or a homeowner seeking additional income, this property is perfect for you. Just steps from Horner Park and the Chicago River, this sizable property boasts a first floor duplex unit featuring 2 bedrooms plus sunroom/office and full bath upstairs and 3 bedrooms plus a full bath and laundry/storage space downstairs. The second floor unit is a 3 bedroom one bath and is tenant occupied collecting rent month to month. Both units include ample living space with separate eat-in kitchens, dining rooms, decorative fireplaces and hardwood floors. Additional highlights include an enclosed back porch for extra storage, new fence and fire pit (2022) in the backyard for added comfort and privacy. Two car garage with new garage door opener and motor with Aladdin WiFi capability provide added convenience. With long-term tenants on the second floor willing to stay, this is an opportunity not to be missed! Updates include: **New copper plumbing, French drains in yard (2024)**New sump pump and hot water heater (2023)**New kitchen hood vent (2023)**New first floor toilets & vanities (2022)**New stainless steel garage refrigerator (2022)**New garage side door (2024)**Keyless locks (2023)**New second floor toilet & vanity, new electrical box on first floor (2020)**New refrigerator, dishwasher and washer/dryer on second floor (2020)**New chimney (2019)**

4432 N California Avenue, Chicago

$399,900
5 Beds 2 Baths 12107614 MLS NEW Status
Newly listed, blocks away from Ogden Park. This stunning two-unit residence is located in the vibrant Englewood neighborhood. 3rd unit is ready for your finishing touches. This property exudes elegance on a charming, tree-lined street. Everything has been updated, including electric, plumbing, concrete, all mechanicals, and windows. Each unit features contemporary design elements seamlessly blended with functional spaces, ensuring a perfect harmony of style and comfort for modern living. Step inside to find gleaming hardwood floors and soaring ceilings that add warmth and sophistication to every room. Each unit is equipped with its own furnace, electrical panel, and in-unit laundry, providing ultimate convenience and independence. The Semi finished basement offers endless possibilities for expansion, making it an ideal opportunity for owner-occupants looking to customize their space. Basement is fully waterproofed with new drain tile system as well. This property is more than just a home; it's a solid investment in your future. With all necessary permits and approvals secured, you can purchase with confidence and peace of mind. The Englewood area is undergoing exciting revitalization efforts, making now the perfect time to invest in this burgeoning community. Conveniently located near major grocery stores and bus lines, this property offers urban living at its finest. Don't miss out on this exceptional opportunity. Schedule a tour today and envision your future in these stylish, contemporary units!

6333 S May Street, Chicago

$1,184,675
8 Beds 4 Baths 12107588 MLS NEW Status
This beautiful, rare, and meticulously maintained vintage greystone is a fantastic, solid investment opportunity and an investor's dream! An ideal turnkey operation, it features two 3BR rentals plus a fully-furnished, top-rated, 2BR Airbnb, allowing several options for the buyer: enjoy income from the popular Airbnb and the fully-rented units; reside in a unit (or two) and reduce your mortgage payments through value-added rentals; or transform the entire building into your single family dream home! This spacious and sun-drenched beauty retains its vintage charm with 10' ceilings, hardwood floors, huge double hung windows, built-ins, and some original moldings. The main level 3BR, 1 bath features a wood burning fireplace with built-in mantel and bookshelves, full kitchen, in-unit W/D hookup, and window blinds. The second level 3BR, 1.5 bath was fully rehabbed in late 2019 with all new kitchen and baths, refinished floors, new in-unit W/D, built-out closets, new light fixtures, new wood blinds, new HVAC. The open plan, inviting 2BR, 1 bath, garden-level Airbnb (since July, 2018) with private entrance is fully furnished and has all the extra amenities guests expect, making it a top-rated (4.9/5) destination with Superhost designation. First and second level units open onto private decks with newly-rebuilt and sealed back stairs, including easy access to the roof via pull-down stairs on the second level deck, plus a bonus 15' x 8' secured storage area under the stairs. The Airbnb opens out the private back door to a storage area featuring full-size washer and dryer, then into the huge, secure and private backyard. Enjoy a green, urban oasis with mature landscaping, two large patios, and path leading to the masonry 2.5 car garage with extra storage space above (or retain the current garage renter for the extra income). The new roof (7/2019) is fitted with 9.0 kW Roof Mount Solar PV Array solar panels, offsetting utility costs. The location is the icing on the cake! Just steps from the University of Chicago law school and the Renee Grossman Residential Commons, and a stone's throw from the Green Line and Jewel-Osco, this property offers community, connectivity, and convenience. Only 3/4 mile from Jackson Park, the transformative Obama Presidential Center, and the vibrant lakefront, this location offers investment stability and exciting growth potential. Schedule your private showing now!

6109 S Greenwood Avenue, Chicago

$720,000
8 Beds 6 Baths 12107166 MLS NEW Status
Wanna hop on the Multi-Unit wave? Here's your chance! This legal 2 Flat (with a rented Garden Unit) presents options, opportunities, and income for years to come. Same footprint and layout on 1st and 2nd floors: Large Living Rooms with decorative fireplace. Separate and formal Dining Rooms. The 1st Bedrooms have a double closet. 2nd & 3rd BRs have ample closet space. Linen Closets, off the full BTHs. Kitchens have a vintage built-in hutch. Walk-In Pantries double as storage and Furnace Room. Coat Closets, upon entry, were converted to a 1/2 BTH. KTs and BTHs would benefit from updating, to fetch higher rents. Unit 2 (not currently shown in photos) has a more open concept between DR and KT. GDN Unit has front and rear entrances, egress windows, a LR, KT, 2 BRs and 2 full BTHs (one with tub, the other with a stand-up shower). Unit 1 pays $1,600 and includes both garage spaces. Unit 2 pays $1,400 (no parking). Units 1 and 2 pay for their own Heat and Electric. GDN Unit pays $1,300 and includes 1 exterior parking. GDN Tenants also pay the [Hot Water] gas bill for the entire building, plus their Heat. Landlord pays Electric for Common Areas & GDN Unit; and, Water/Sewer/Scavenger. All Leases are MTM, which presents an opportunity for adjusted rents in the near future. NO Central A/C. Newer vinyl windows. New Roof (tear-off) installed about 5-6 years ago. 75 gal H/W tank, installed in 2014. Plumbing: some copper, some galvanized. FREE, shared Laundry in Basement. Enclosed rear stairway/porch. 2 car Gar, with a parking pad that can easily fit 1 (up to 2) car(s). Owner / Broker make no guarantee or claim of the legality of the Garden Unit. Information on MLS is assumed to be accurate, but NOT guaranteed. Buyer/Buyer's Agent should verify all relevant MLS information. Seller is an inactive Illinois Licensed Broker. (Seller is not related to Listing Broker.) Whether you're looking to start or build your portfolio, are you ready to take a look? Call to schedule a showing today!

6431 N Artesian Avenue, Chicago

$769,999
8 Beds 3 Baths 12106568 MLS NEW Status
Legal 3 unit in Ravenswood Manor that boasts 8 bedrooms, 3 bathrooms, and a detached brick garage for 2 cars. The first and second floor units are 1,425 sq feet with 3 large bedrooms. Modern features mixed with vintage details make this a welcoming home. The massive living room has a bonus front sunroom surrounded by windows on three sides and original stained-glass windows, the formal dining room has beamed ceilings with north and south windows, and enclosed sunroom/office bonus room in the back of the house. The upgraded kitchens feature stainless steel appliances, granite countertops, and ample cabinetry for storage. The natural light cascading through the windows highlights the grandeur of the space. The top floor has central HVAC and is leased through May 2025 for $1,875 and tenants pay all utilities except water. The first floor is vacant and was previously rented for $2,200 and they paid electric. This unit has boiler heat that is shared with the garden unit and included in rent. The garden unit has had tenants for over 10+ years and is 800 sq feet and features 2 bedrooms and 1 bathroom and all utilities are included. The exterior of the home features an expansive private patio with brick pavers that leads to a gorgeous backyard oasis. The basement features additional storage with coin operated laundry (not owned), 1 HWH for the building as well as the boiler for unit G and unit 1. Located in a desirable neighborhood, this home is situated with easy access to public transportation and local restaurants. Located 1.5 blocks from the brown line, short walk to many great restaurants, Starbucks, rivers, parks, shopping and more!

3130 W Wilson Avenue, Chicago

$649,000
5 Beds 3 Baths 12103618 MLS NEW Status
Victorian brownstone 3-flat in Lincoln square on 25 X154 lot. Located on a quiet, tree-lined, one way street. The first floor is a two bedroom/ one bath that was remodeled in 2022 with stylish 42' cabinets, stainless appliances, and quartz counter tops and new furnace. The second floor has the same footprint, also a two bedroom/one bathroom with a large dine in kitchen, full size appliances, and a dishwasher. The third floor is a one bedroom/one bath that was redone in 2020 with new hardwood floors, a fully updated kitchen with stainless appliances, dishwasher and modern bathroom. The top unit has three amazing skylights that really give the unit character. There's an enclosed back porch that leads to the on-site washer/dryer and huge, fenced, back yard. The extra deep lot allows for a massive deck for BBQ and summer enjoyment. The one car brick garage has three storage lockers on the side and can be deconverted back to two car, though there is plently of street parking. Each unit has separate utilites and has it's own furnace and hot water tank. There's a fenced, landscaped, front yard, and an intercom entrance. It's close to the Rockwell stop on the Brown Line and a short walk to heart of Lincoln Square dining and shopping. An owner occupant could combine two units to form a cool duplex. Investors can take advantage of this rapidly appreciating area with great rental growth. Broker is related to seller.

2554 W Winnemac Avenue, Chicago

$1,800,000
9 Beds 7 Baths 12100226 MLS NEW Status
Discover a rare opportunity in the heart of Lincoln Park with this stunning 3-flat building accompanied by a spacious coach house. The main building features three units, each offering 2 bedrooms and 1 bathroom. All units boast elegant hardwood flooring throughout, complemented by eat-in chef's kitchens equipped with stainless steel appliances, Lennon granite countertops, and sleek white cabinetry. Bathrooms and kitchens are fitted with top-of-the-line Kohler and Grohe faucets. For added convenience, each unit includes stackable washer and dryer. New bay windows installed in 2020 provide lovely views of the front garden, flooding the units with abundant natural light. Ceiling fans in all bedrooms and kitchens enhance comfort, while bathrooms feature separate showers and soaking tubs. Units 2 and 3 benefit from private decks with planter boxes, and Unit 1 has its own private front patio overlooking the gardens. All units and coach house share access to the charming back courtyard. The coach house enhances the property with its 3 bedrooms and 2.5 bathrooms, featuring hardwood flooring throughout and 10-11 foot ceilings. The eat-in kitchen is equipped with professional stainless steel appliances, two wine coolers, granite countertops with a large island, a breakfast nook, and maple shaker cabinetry with pantry and easy slide drawers. An adjacent seating-media area can be transformed into a custom dining space perfect for entertaining. All bedrooms have ceiling fans, and the primary bedroom offers an ultra hydrotherapy soaking tub surrounded by princess white marble and granite countertops. The lower level bathroom features a huge walk-in shower with granite countertops. The coach house is equipped with 2 HVAC systems and a window unit in the kitchen. Cozy up to a fireplace and enjoy west-facing ceiling-to-floor windows and a door overlooking the parking spaces, with the potential to build out into a deck for additional outdoor living space. This unique property offers an exceptional living experience in a prime location, blending modern amenities with the charm of Lincoln Park. Don't miss the chance to make this your new home or investment property!

2656 N Orchard Street, Chicago

$649,700
5 Beds 3 Baths 12104297 MLS NEW Status
This property is a classic brick 2-Flat situated in the desirable West Logan Square neighborhood, offering picturesque park views. An excellent opportunity for investors or owner-occupants, it is conveniently located near a variety of neighborhood amenities such as Mozart Park, the Healy Metra Stop, and Logan Square's shopping and dining options. Nestled on a peaceful residential tree-lined street, both units are bathed in natural light and have been recently renovated to blend modern finishes with timeless charm. The first-floor duplex features 3 bedrooms, 2 bathrooms, a sunroom/office, and was rehabbed in 2011 with appliances replaced within the last few years. The lower level of the duplex includes a third bedroom, a full bathroom, and a family room and extra storage space. The second-floor unit comprises 2 bedrooms, 1 bathroom, and an office overlooking a beautifully landscaped backyard. Renovated in 2017 with a new kitchen and bathroom, this second floor unit offers a peaceful retreat. Each unit has separate central air and gas-forced air systems, as well as separate utilities. Hardwood floors throughout the first and second floor of this two-flat. The basement laundry room with newer washer and dryer is accessible to both units. Meticulously maintained, both units are currently owner-occupied. A two-car garage with an additional overhead party door opens to the landscaped backyard with a patio and gardens, creating a perfect space for outdoor entertaining. This property offers a city oasis where modern comfort meets classic charm.

2102 N Springfield Avenue, Chicago

$675,000
6 Beds 3 Baths 12100048 MLS NEW Status
**Stunning Newly Renovated Two-Unit Property in Belmont Cragin, Chicago** Discover this exceptional investment opportunity in the highly desirable Belmont Cragin area of Chicago. This beautifully renovated two-unit property is perfect for both homeowners and investors looking for modern living spaces and excellent financial returns. Highlights of this property include: - **Large, Well-Maintained Traditional Chicago Yellow Brick Building:** Featuring charming octagon-shaped architecture with stone accents, this property has been lovingly cared for by the owner for many years. - **Spacious Units with Elegant Features:** Each floor boasts a large, formal octagon-shaped living room with a decorative fireplace, French doors leading to a formal dining room with ceiling fans and wall accent lights, and beautifully maintained hardwood floors throughout. - **Modern Kitchens and Bathrooms:** Both units offer large eat-in kitchens with plenty of cabinets, counter space, and included appliances. The modern bathrooms feature elegant vanities, ceramic tiles, and glass shower doors. - **Comfortable Living Spaces:** The first floor has two spacious bedrooms and a heated tandem room with a closet. The second floor also features two spacious bedrooms, and both floors include enclosed porches. - **Income-Generating Garage and Impressive Financials:** The two-car garage is currently leased for extra rental income, and with a Net Operating Income (NOI) of $58,000 per year, this property promises strong returns on investment. - **Fully Finished Basement:** Offering additional living space with a laundry room, washer/dryer, two bedrooms, a full bath, a summer kitchen, high ceilings, and two formal entrances. - **Recent Upgrades:** The roof was resealed four years ago, windows have been replaced, and the first-floor boiler was replaced in December 2022 (second-floor boiler in 2010). The building also features excellent tuckpointing throughout, 100-amp electric per unit, and newer sidewalks. - **Prime Location:** Close to schools, transportation, plazas, and supermarkets, making it an ideal location for tenants.

2928 N Mango Avenue, Chicago

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Discover Lucrative Multifamily Buildings for Sale in Chicago

Welcome to your ultimate resource for finding multifamily buildings for sale in Chicago. Whether you're interested in a two-flat, three-flat, or larger multifamily property, Chicago offers a wide array of investment opportunities. Explore the diverse neighborhoods and robust rental market that make this city a prime location for real estate investment.

Why Invest in Chicago Multifamily Buildings?

Chicago's diverse neighborhoods, strong rental demand, and ongoing development projects make it an excellent choice for investing in multifamily properties. Here's why you should consider Chicago for your next investment:

  • Diverse Property Options: From historic two-flats to modern three-flats, Chicago has a range of multifamily buildings that cater to different investment strategies.
  • Robust Rental Market: With a large population and a strong demand for rental properties, investing in multifamily buildings in Chicago can provide steady rental income.
  • Economic Stability: Chicago's diverse economy, featuring industries like finance, healthcare, and technology, ensures a stable job market and consistent demand for housing.
  • Neighborhood Variety: Each Chicago neighborhood offers unique investment opportunities, from the upscale Gold Coast to the trendy Logan Square and affordable Pilsen.

Featured Multifamily Properties in Chicago

Explore our listings of multifamily buildings for sale in Chicago, including two-flat and three-flat properties:

Two-Flat Buildings for Sale

Discover charming two-flat buildings, ideal for both new investors and seasoned landlords. These properties offer the flexibility of living in one unit while renting out the other, providing a steady income stream.

Three-Flat Buildings for Sale

For those seeking more rental income potential, three-flat buildings offer additional units and higher returns. These properties are perfect for maximizing your investment in Chicago's lucrative rental market.

Market Trends and Opportunities

The Chicago multifamily market is dynamic, with trends showing a steady demand for rental properties. Investment in multifamily buildings can yield significant returns due to the city's large population, diverse economy, and status as a major cultural and financial hub.

Exploring Diverse Neighborhoods

Chicago's neighborhoods each have their unique charm and investment potential. From the upscale apartments in neighborhoods like Gold Coast and Streeterville to more affordable options in areas like Logan Square and Pilsen, the city caters to a wide spectrum of investment preferences.

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Finding the right multifamily building requires local market knowledge and expertise. We provide comprehensive support in identifying and acquiring properties that align with your investment goals. From market analysis to navigating the purchasing process, our team is here to assist you every step of the way.

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Explore our listings of multifamily buildings for sale in Chicago and embark on a rewarding investment journey in one of America's most dynamic cities. Connect with us for personalized guidance and start building your real estate portfolio today.

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For more information about multifamily buildings for sale in Chicago, or to schedule a private showing, contact me at 630-248-1976 or laurie@OPRFhomesforsale.com. Follow me on social media for the latest updates and new listings.

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