Chicago, IL Multifamily Homes & Duplexes for Sale

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  /19

  $459,900

  • 4 Beds
  • 3 Baths

  1818 W 46th St, Chicago, IL 60609

  Beautifully rehabbed 2-flat in the heart of Chicago, built with quality builder-grade finishes, each unit features a spacious 2 bedrooms and 1 bathroom, perfect for tenants or owner-occupants. The first-floor unit offers a duplex basement, adding valuable living space and versatility. With a total of 3 bathrooms across both units, this property provides excellent rental potential or a perfect

  

  Maricela Cuevas

  Realty of America, LLC

  (773) 902-0934

  1818 W 46th St, Chicago, IL 60609
• Explore Chicago

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  /37

  $464,999

  • 7 Beds
  • 4 Baths

  7621 S Normal Ave, Chicago, IL 60620

  Stunning Rehabbed Brick 2-Flat in Auburn Park - Investor or Owner-Occupant Dream! Introducing an incredible opportunity to own a beautifully renovated 7-bedroom, 4-bathroom brick 2-flat nestled in the heart of Auburn Park-a growing and well-connected community on Chicago's South Side. Whether you're an investor seeking turnkey rental income or an owner-occupant looking to house-hack, this

  

  Pierre Mason

  Century 21 IMPACT

  (773) 902-0948

  7621 S Normal Ave, Chicago, IL 60620
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  /25

  $199,900

  • 4 Beds
  • 2 Baths

  6617 S Vernon Ave, Chicago, IL 60637

  Opportunity is knocking at 6617 S Vernon Avenue! This classic brick 2-unit building features two spacious apartments, each offering 2 bedrooms, 1 bath, a bright living room, and a separate dining room-perfect for flexible living or rental potential. The basement with exterior access offers additional space to expand or create related living quarters. Outside, the expansive rear yard provides

  

  Tamika Marks

  Trademarks & Associates

  (773) 692-9867

  6617 S Vernon Ave, Chicago, IL 60637
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  /19

  $189,000

  • 4 Beds
  • 2 Baths

  8220 S Wolcott Ave, Chicago, IL 60620

  Fantastic opportunity in Auburn Gresham! Bring your design ideas to this modestly updated 2-unit property. Well cared for and filled with charming vintage details, the building offers great natural light and excellent curb appeal. The basement includes a small mechanical area only. The spacious backyard is perfect for gardening or outdoor entertaining-add fencing for privacy or convert the space

  

  Laraine Hanson

  Laraine Hanson

  (872) 304-5595

  8220 S Wolcott Ave, Chicago, IL 60620
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  /48

  $564,900

  • 7 Beds
  • 2 Baths

  6111 S Eberhart Ave, Chicago, IL 60637

  Looking for what might be the best 2-flat in all of Chicago? This is the one you've been waiting for! Welcome to 6111 S Eberhart, a stately and beautifully maintained legal 2-flat located in the heart of red-hot Woodlawn, one of Chicago's fastest-growing and most iconic neighborhoods. This is a rare opportunity for either the savvy house hacker looking to live in one unit and rent the other, or

  

  Andrew Dorazio

  Dorazio Real Estate LLC

  (773) 819-6567

  6111 S Eberhart Ave, Chicago, IL 60637
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  /10

  $450,000

  • 8 Beds
  • 4 Baths

  8643 S Exchange Ave, Chicago, IL 60617

  Modern 4-Unit Multi-Family in South Chicago! Beautifully updated 4-unit building featuring spacious 2-bedroom, 1-bath apartments. Each unit offers a modern open-concept kitchen with stainless steel appliances, white shaker cabinets, and stylish backsplash. Enjoy hardwood-style flooring, bright bedrooms with closet space, and updated bathrooms with tiled showers, bathtubs, and stylish vanities.

  

  Lisa Magidson

  North Clybourn Group, Inc.

  (773) 904-2043

  8643 S Exchange Ave, Chicago, IL 60617
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  /21

  $289,900

  • 6 Beds
  • 3 Baths

  2852 S Kenneth Ave, Chicago, IL 60623

  Perfect opportunity for investors or house hackers! This spacious property offers great potential and flexible living arrangements. Live in one unit and let the rental income help with your mortgage, or add it to your investment portfolio for strong cash flow potential. The home features a total of 6 bedrooms and 3 bathrooms, including a finished attic in-law suite, ideal for extended family,

  

  Oscar Arteaga

  Keller Williams Infinity

  (312) 702-1905

  2852 S Kenneth Ave, Chicago, IL 60623
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  /18

  $959,000

  • 11 Beds
  • 6 Baths

  1656 W Hollywood Ave, Chicago, IL 60660

  This remarkable building features a unique floor layout, with ample bedrooms and bathrooms. The property consists of two apartments, each with garden and in-law units. It offers plenty of storage space, a separate utility room, and a laundry area, along with rear parking availability. This property has great potential for investment and is conveniently located near shopping areas, restaurants,

  

  Maria Ortiz

  Kale Realty

  (312) 854-7291

  1656 W Hollywood Ave, Chicago, IL 60660
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  /36

  $458,000

  • 5 Beds
  • 2 Baths

  2914 W Polk St, Chicago, IL 60612

  Step right up into this fully renovated LEGAL 2 FLAT gem in the heart of the rapidly appreciating near-West side! Every detail has been modernized. This classic 1919 two-unit brick building offers a compelling investment or owner-occupant opportunity in the 60612 ZIP code. 3 bed / 1 bath rental comps at $1900-$2000/month. 2 bed / 1 bath rental comps at $1600-1700. Conservative estimated rental

  

  Amy Gillham

  HomeSmart Connect LLC

  (773) 692-6447

  2914 W Polk St, Chicago, IL 60612
• 

  

  /23

  $1,395,000

  • 7,191 Sq Ft

  6215 N Washtenaw Ave, Chicago, IL 60659

  Impressive 8-unit property, above grade 6 units and featuring two additional basement apartments for added income potential. Each of the six main units offers 2 bedrooms, a large living room, a separate dining area, and a partly enclosed back porch ideal for additional storage. The basement includes one 2-bedroom and one 1-bedroom apartment. Each unit has separate central heating, and there are 6

  

  Syed Hashmi

  Guidance Realty

  (773) 305-6372

  6215 N Washtenaw Ave, Chicago, IL 60659
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  /28

  $415,000

  • 7 Beds
  • 2 Baths

  6932 S Green St, Chicago, IL 60621

  Welcome to this beautifully updated multi-unit property in the heart of Englewood. Fully renovated in 2020, this property features gleaming hardwood floors throughout, updated kitchens, modern baths, and thoughtful finishes that blend comfort with style. Each unit offers spacious layouts filled with natural light, while the unfinished basement is a blank canvas with a roughed-in bathroom, perfect

  

  LaToya Moore

  Baird & Warner

  (312) 967-0143

  6932 S Green St, Chicago, IL 60621
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  /4

  $175,000

  • 6 Beds
  • 2 Baths

  2846 W Flournoy St, Chicago, IL 60612

  Opportunity is knocking in East Garfield Park! This solid brick multifamily building is a total gut rehab ready for your vision. Set on a classic Chicago streetscape, the building offers the perfect canvas to redesign and reconfigure to today's standards-ideal for a value-add investor, seasoned rehabber, or owner-occupant looking to build equity fast. Surrounded by a pocket that's flourishing

  

  Edgar R. Guerrero

  REMAX Legends

  (773) 862-8282

  2846 W Flournoy St, Chicago, IL 60612
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  /2

  $235,000

  • 7 Beds
  • 2 Baths

  7220 S Rhodes Ave, Chicago, IL 60619

  Welcome to 7220 S Rhodes Ave! Investor Special with Incredible Potential - Calling all rehabbers and savvy investors. This legal 2-unit boasts a total of 8 bedrooms and 3 full baths. The first-floor bathroom needs a complete rehab, and while the basement is finished, it'll need to be updated. The layout gives flexibility to customize to your vision. The 2nd Floor unit features

  

  Reginald Patterson

  eXp Realty

  (773) 639-2139

  7220 S Rhodes Ave, Chicago, IL 60619
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  /19

  $84,900

  • 4 Beds
  • 2 Baths

  11830 S Eggleston Ave, Chicago, IL 60628

  This is a 2-unit property that is a must-see. Each unit has 2 beds, 1 bath. There is potential here to make this a money maker, the property will need some work, and the seller is selling the property "AS IS" this is your opportunity to bring offers and put this property back to making money! Become a landlord and reap the rewards of passive income. Bring all Offers and set your appointment today!

  

  Otis Lazich

  Capital Investment Realty Group Inc

  (312) 313-9064

  11830 S Eggleston Ave, Chicago, IL 60628
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  /39

  $600,000

  • 12 Beds
  • 8 Baths

  Unlisted Address

  Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and

  

  Rafay Qamar

  Real Broker LLC

  (872) 239-3336

  Unlisted Address
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  /5

  $212,000

  • 6 Beds
  • 3 Baths

  415 W 62nd St, Chicago, IL 60621

  Solid two flat. Extra large back yard, Second floor has 4 bedrooms 2 baths , first floor 2 bedrooms 1 bath. Full unfinished basement for extra income potential. Both floors are currently rented. Great for a family or an investment property.

  

  Eileen Olivier

  Real People Realty

  (872) 316-9031

  415 W 62nd St, Chicago, IL 60621
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  /7

  $174,000

  • 6 Beds
  • 2 Baths

  537 W 61st Place, Chicago, IL 60621

  GREAT INVESTMENT OPPORTUNITY. FIRST FLOOR VACANT. upstairs unit rented for 1,000 looking to rent first floor unit for $1,450 3 bedrooms and a full bath on each unit. Basement is perfect for expanding great potential. Exterior has front porch. Property Sold AS IS!! SCHEDULE YOUR SHOWING

  

  Maricela Wilson

  Smart Home Realty

  (312) 948-9641

  537 W 61st Place, Chicago, IL 60621
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  /44

  $479,000

  • 5 Beds
  • 3 Baths

  1400 N Lawndale Ave, Chicago, IL 60651

  Welcome to this beautifully remodeled multi-unit residence situated on a corner lot in the vibrant Humboldt Park neighborhood. Each unit has been thoughtfully updated with modern amenities, offering the perfect blend of comfort and convenience. All units feature modern updates including granite counters and stainless steel appliances in every unit, ceramic tile baths and in-unit laundry for added

  

  Rafay Qamar

  Real Broker LLC

  (773) 985-2495

  1400 N Lawndale Ave, Chicago, IL 60651
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  /39

  $349,900

  • 6 Beds
  • 3 Baths

  8122 S Evans Ave, Chicago, IL 60619

  Great investment opportunity in East Chatham with this legal 3-unit building. Each of the three floors features two bedrooms, a den, and one full bath. The building includes an unfinished basement with coin laundry. Tenants pay their own utilities due to separate electric and gas meters, furnaces, and water heaters. The units boast vinyl windows and hardwood floors throughout. The building

  

  Adam Ramahi

  xr realty

  (312) 262-5194

  8122 S Evans Ave, Chicago, IL 60619
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  /18

  $369,900

  • 7 Beds
  • 2 Baths

  3906 W Flournoy St, Chicago, IL 60624

  Welcome to 3906 W Flournoy St, a solid brick 2-unit building that perfectly blends comfort and versatility in the heart of West Garfield Park, Chicago. This remarkable property presents an incredible opportunity for savvy investors or families seeking a multigenerational living arrangement. The first-floor unit is a cozy retreat featuring 3 spacious bedrooms and a full bath, thoughtfully designed

  

  Jerry Goodwin

  Coldwell Banker Realty

  (312) 728-7692

  3906 W Flournoy St, Chicago, IL 60624
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  /39

  $499,000 Pre-Foreclosure

  • 5 Beds
  • 2 Baths

  1714 N Troy St, Chicago, IL 60647

  Well-maintained 2.5-story, 2-flat located in the highly desirable Humboldt Park neighborhood, just steps from The 606 Trail. First-floor unit features 2 bedrooms, an open floor plan, and an additional front room ideal for a home office or daybed. The kitchen offers ample cabinetry, quartz countertops, built-in dishwasher, recessed lighting, and newer light fixtures throughout. Full bathroom

  

  Rafael Alvarado

  Shield Real Estate

  (773) 819-2943

  1714 N Troy St, Chicago, IL 60647
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  /12

  $679,000

  • 8 Beds
  • 4 Baths

  822 N Lawndale Ave, Chicago, IL 60651

  This is a great House Hack to building generational wealth or just add a solid building to your portfolio. Each unit is 2 beds 1 bath, all with floors all sanded and stained over 1 year ago, newer stainless steal steel appliances, granite counter tops. Bathrooms all updated approx 4 years ago. Entire back deck was removed and replaced last summer with full plans and permits. Newer roof and

  

  Timothy Rhoten

  Red Carpet Investment Group In

  (312) 766-7364

  822 N Lawndale Ave, Chicago, IL 60651
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  /48

  $510,000

  • 8 Beds
  • 3 Baths

  4256 W Kamerling Ave, Chicago, IL 60651

  Beautiful and rare oversized Chicago two-flat on a jumbo lot in the rapidly growing Humboldt Park neighborhood, offering an incredible opportunity for investors or first-time homebuyers. This move-in-ready building features two spacious units, each with 3 bedrooms and 1 bathroom, an oversized garage, and an additional in-lot arrangement that provides extra income potential. Simply purchase and

  

  Ana Sandoval-Cremieux

  Compass

  (773) 900-4625

  4256 W Kamerling Ave, Chicago, IL 60651
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  /7

  $175,000

  • 6 Beds
  • 3 Baths

  11365 S Forest Ave, Chicago, IL 60628

  Investor Special! this two-flat in the desirable Chesterfield neighborhood of Roseland is a must see. Each unit offers 3 generously sized bedrooms with hardwood floors and original woodwork that adds timeless charm to the living spaces. Unit 1 offers the potential to duplex down into the basement. Unit 2 can be expanded in the attic which would be ideal for increasing the living space and

  

  Jennifer Upshaw

  L. Upshaw Realty

  (773) 786-9462

  11365 S Forest Ave, Chicago, IL 60628
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  /20

  $650,000

  7329 S Coles Ave, Chicago, IL 60649

  We are pleased to share an excellent investment opportunity now available: a multi-unit property featuring five distinct apartments. The primary building contains three units: two three-bedroom apartments and a garden-level apartment with two bedrooms. The property also includes a separate coach house situated above a three-car garage, which contains the remaining two apartments. This property is

  

  Trudy Holmes

  EXIT True Design Realty LLC

  (773) 669-7938

  7329 S Coles Ave, Chicago, IL 60649
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  /59

  $650,000

  • 9 Beds
  • 6 Baths

  4507 S Michigan Ave, Chicago, IL 60653

  Listen up. This isn't just another multifamily property. This is 7,100+ square feet of pure cash-flowing potential sitting on one of Chicago's most iconic boulevards. Built in 1898, this 9-bed, 6-bath beauty is a piece of Bronzeville history-and your ticket to serious ROI. Bronzeville crown jewel. We're talking historic architecture, proximity to downtown, and a neighborhood that's been on the

  

  DeMarcus Hunter

  Compass

  (312) 818-3155

  4507 S Michigan Ave, Chicago, IL 60653
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  /21

  $525,000

  • 5 Beds
  • 2 Baths

  1847 W Touhy Ave, Chicago, IL 60626

  Beautiful Greystone 2-flat in Rogers Park. Building features 2 large apartments. Both units have updated kitchens and bathrooms with ceramic tile floors. Tiled showers and new bathroom sinks. Both kitchens have refrigerator and stove to remain. Just about every room has been freshly painted and ready to move in or rent out. Many original features remain in this vintage building including the

  

  Donald Shedor

  Shedor Realty Group

  (872) 246-9359

  1847 W Touhy Ave, Chicago, IL 60626
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  /29

  $205,000

  • 5 Beds
  • 2 Baths

  10722 S Prairie Ave, Chicago, IL 60628

  2 FLAT !!!! POTENTIAL FOR POSITIVE CASH FLOW ONCE FULLY RENTED!! INVESTORS !! FIRST TIME BUYERS !!! FULLY UPDATED 2 FLAT WITH ALL NEW FLOORING, KITCHENS, PAINT AND MUCH MORE !!! 2 BEDROOMS 1 BATH FIRST FLOOR, 3 BEDROOMS 1 BATH, 2ND FLOOR !!! FULL UNFINSISHED BASEMENT DETACHED 1 CAR GARAGE !!! INCOME CAN HELP ASSIST WITH THE MORTGAGE IF OWNER OCCUPANT, OR SIT BACK AND COLLECT RENT!! TITLE, SURVEY

  

  Rafael Alvarado

  Shield Real Estate

  (312) 854-7565

  10722 S Prairie Ave, Chicago, IL 60628
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  /31

  $689,900

  • 11 Beds
  • 5 Baths

  5943 S Indiana Ave, Chicago, IL 60637

  Timeless Greystone 3 flat building is now available for you in RED HOT Washington Park neighborhood of Chicago. As the owner, you have the flexibility of living in the top floor unit while collecting stable market rents from the tenants on first and second floor, or rent the top floor unit and max out your income!!! Hardwood floors THROUGHOUT each unit. First floor unit is a Duplex down and

  

  John Wright

  Keller Williams Premiere Properties

  (312) 702-0603

  5943 S Indiana Ave, Chicago, IL 60637
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  /24

  $585,000

  • 12 Beds
  • 4 Baths

  5942 S Calumet Ave, Chicago, IL 60637

  Great Investment Opportunity For Owner Occupant with the potential to live rent free Or Investor looking for a great return on their investment. 3 unit Greystone. Each unit has 4 beds 1 bath and separate utilities. Recently updated Electrical and water tanks for each unit. New Intercom system has been added to the building for your convenience to give access to guests. The building has the

  

  O'Neia Washington

  O W Auction Group LLC

  (773) 692-5866

  5942 S Calumet Ave, Chicago, IL 60637
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  /25

  $489,999

  • 6 Beds
  • 2 Baths

  2345 W Grenshaw St, Chicago, IL 60612

  Welcome to this recently updated 2 unit building with an unfinished basement locatedlocated in the heart of Tri-Taylor, just steps from the Illinois Medical District and University of Illinois Chicago campus. This prime location continues to attract strong demand from both owner occupants and renters seeking convenience, stability, and long term growth. Each spacious unit offers 3 bedrooms and 1

  

  Tina Hollins

  Coldwell Banker Realty

  (312) 598-0566

  2345 W Grenshaw St, Chicago, IL 60612
• 

  

  /21

  $389,999

  • 4 Beds
  • 4 Baths

  8119 S Paulina St, Chicago, IL 60620

  Outstanding opportunity to own a solid and well maintained 4 unit apartment building. Each unit offers 1 bedroom and 1 bathroom with thoughtful updates, making this property an attractive option for both investors and owner occupants. In September 2025 a NEW ROOF was installed and comes with a transferable warranty. Giving you a peace of mind and reducing future capital expenses. All units are

  

  Tina Hollins

  Coldwell Banker Realty

  (312) 586-9671

  8119 S Paulina St, Chicago, IL 60620
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  /29

  $289,000

  • 6 Beds
  • 2 Baths

  817 W 54th St, Chicago, IL 60609

  Solid Brick Two-Unit Income Property in New City! This well-maintained building features two spacious 3-bedroom units, each offering a bright living room, formal dining room, and full bath. Updated mechanicals and separate heating systems mean tenants pay all utilities-a smart setup for investors or owner-occupants seeking added income. The full open basement currently serves as the laundry and

  

  Tamika Marks

  Trademarks & Associates

  (312) 728-8916

  817 W 54th St, Chicago, IL 60609
• 

  

  /20

  $314,900

  • 8 Beds
  • 3 Baths

  6948 S Eberhart Ave, Chicago, IL 60637

  Two unit is excellent condition and fully occupied is waiting for its new owner. Premium property in the Greater Grand Crossing community on quiet block. Unit 1 is duplexed down 5 bed 2 baths. Unit 2 is 3 bed 1 bath. Rent is below average for the market. Some notice needed to show - please do not disturb occupants.

  

  Lisa Foster

  @properties Christie's International Real Estate

  (773) 906-7413

  6948 S Eberhart Ave, Chicago, IL 60637
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  /32

  $429,000

  • 4 Beds
  • 3 Baths

  Unlisted Address

  HURRY BEFORE ITS GONE. RARE FIND FOR MULTI UNIT BUILDING ON A DOUBLE LOT IN BEVERLY. NEWER WINDOWS. 1ST FLOOR UNIT HAS RECENTLY UPDATED KITCHEN AND BATHROOM. WOOD FLOORING UNDER CARPETS. NEWER 3 CAR GARAGE FOR POSSIBLE ADDITINAL INCOME.LAUNDRY FACILITIES IN BASEMENT. LARGE PARTIALLY FINISHED BASEMENT, GREAT FOR FAMILY PARTIES, OR JUST ADDITIONAL STORAGE.CLOSE TO TRAIN FOR LOOP ACCESS.HOUSE BEING

  

  John Wanda

  Century 21 Circle

  (872) 309-2860

  Unlisted Address
• 

  

  /19

  $285,000

  • 5 Beds
  • 2 Baths

  708 W 61st Place, Chicago, IL 60621

  Seller is motivated! Solid 2 unit building, well maintained, with unfinished basement. Move in ready! Rehabbed in 2020: New Roof, New back porch, Tuck-pointing included in renovation. No garage, but there is slab parking in the rear. Hidden gem in Englewood! Great location. Close to public transportation. Just minutes from the Dan Ryan Expressway. Great opportunity for investment or owner

  

  Rachael Joiner

  1st Union Realty Group

  (312) 535-6933

  708 W 61st Place, Chicago, IL 60621
• 

  

  /31

  $500,000

  • 4 Beds
  • 3 Baths

  2948 N Narragansett Ave, Chicago, IL 60634

  Presenting an exceptional opportunity in Chicago's Montclare neighborhood, this fully updated two-unit residential building blends investment stability with modern, luxury living. Originally constructed in 1920, the property has undergone comprehensive renovations including newer kitchens, baths, flooring, paint, and fixtures, resulting in a low effective age of just 20 years and a

  

  Cecil Sabu

  ALLURE Real Estate

  (312) 874-6303

  2948 N Narragansett Ave, Chicago, IL 60634
• 

  

  /11

  $235,000

  • 6 Beds
  • 2 Baths

  7621 S Lowe Ave, Chicago, IL 60620

  Multi-Family Building featuring 2-3 Bedroom - 1 Bath units! What a great opportunity to house hack, while building equity. Property was fully updated in 2016, along with a new back porch. Unfinished basement offers opportunity for additional living space. This property is being sold in as-is condition and is perfect for either an owner-occupant or outside investor! Property is being Sold As-Is.

  

  Reginald Patterson

  eXp Realty

  (312) 257-3591

  7621 S Lowe Ave, Chicago, IL 60620
• 

  

  /33

  $639,000

  • 6 Beds
  • 4 Baths

  5007 N Lawndale Ave, Chicago, IL 60625

  Solid brick two unit located in Albany Park. Owner occupied on first floor, Second floor is vacant as is the basement in-law unit. Located next to Eugene Park, near public transportation and plenty of commerce. Has two side entrances on each side of the building. Backyard deck, brick patio, vehicle covered carport with new cement slab and two car garage. W/D in basement. Owner lives on first

  

  Gina Joshi

  Prestige Realty Group

  (872) 224-3313

  5007 N Lawndale Ave, Chicago, IL 60625
• 

  

  /14

  $114,900

  • 5 Beds
  • 2 Baths

  6812 S Hermitage Ave, Chicago, IL 60636

  The property here is a frame 2 flat with plenty of upswing potential. Bring your TLC ideas to this property and make it your own. Great rental potential and walking distance to school. Location, location, location this is the one set your appointment Today as this one is a must see. Bring all offers and the property is sold in "AS IS" condition. Cash or Rehab Loans.

  

  Otis Lazich

  Capital Investment Realty Group Inc

  (312) 997-5579

  6812 S Hermitage Ave, Chicago, IL 60636

Showing Results 1 - 40, Page 1 of 18

Why Live in Chicago

Chicago's cultural landmarks create an exceptional urban experience, from the iconic Cloud Gate sculpture in Millennium Park to panoramic views at the Willis Tower Skydeck. The Art Institute of Chicago houses masterpieces spanning centuries, while the Chicago Riverwalk provides a scenic path lined with cafes and bars along the water. The city's culinary scene features acclaimed restaurants like the Michelin-starred Alinea and Girl & The Goat in the West Loop, plus beloved institutions like Pequod's Pizza, known for its caramelized crust deep dish.

The housing market includes diverse options across 77 community areas. In Lincoln Park, one bedroom condos have a median price of $288,500, while two bedroom units reach $460,000. Lakeview commands higher prices with two bedroom condos at a median of $577,500. More affordable options exist in Lincoln Square, where two bedroom condos have a median price of $275,000. The overall median sale price in Chicago is $368,000, with townhomes at $575,000 and single family homes at $335,000.

Chicago's cost of living runs 15.6% above the national average. A family with school-age children needs approximately $123,000 annually to live comfortably, while renters should aim for $85,000. Property taxes stand at 1.98%, with a combined sales tax rate of 8.89%. The city maintains excellent public transportation via the "L" train system and CTA buses. Top-rated schools include Whitney M. Young Magnet High School and Jones College Prep High School. Major universities like the University of Chicago and DePaul University add to the educational landscape. The city experiences distinct seasons, with warm summers averaging 80°F and winters dropping to around 18°F.

Learn more about living in Chicago

Home Trends in Chicago, IL

On average, homes in Chicago, IL sell after 30 days on the market compared to the national average of 53 days. The median sale price for homes in Chicago, IL over the last 12 months is $375,000, up 6% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$375,000

Median Single Family Sale Price

$330,000

Median Townhouse Sale Price

$575,000

Median 2 Bedroom Sale Price

$410,000

Median 1 Bedroom Sale Price

$253,000

Average Price Per Sq Ft

$300

Number of Homes for Sale

3,184

Last 12 months Home Sales

21,837

Months of Supply

1.70

Median List Price

$370,000

Median Change From 1st List Price

0%

Median Home Sale Price YoY Change

6%