Multifamily Property for Sale in Chicago, IL

  • Price: $4.8M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60618
  • Size: 15,754 SF
  • Year built: 2022

Description

Located in the vibrant neighborhood of Avondale, adjacent to Logan Square, the property at 3653 W Barry Ave, Chicago, IL 60618, stands as a testament to modern luxury and convenience. This boutique 8-unit multifamily building, completed between 2021-22, offers an absolute turnkey opportunity for investors seeking to capitalize on high-end residential accommodations in one of Chicago's most sought-after areas. Property Details Year Built: 2021-22 Location: Avondale, Chicago, IL 60618 Unit Mix: Each unit features 3 bedrooms and 2 bathrooms Building Features: Elevator access, luxury finishes, and an intimate community feel. Unit Features Each of the eight units within the building showcases meticulous craftsmanship and an unparalleled attention to detail, designed to cater to the most discerning residents. Key features include: Living Spaces: Open concept living and dining rooms with designer kitchens as focal points. The kitchens are equipped with black and white oak tone custom cabinetry, GE Profile appliances, quartz countertops, custom backsplashes, and exceptional pantries. Bedrooms: Spacious primary suites with walk-in custom closets and spa-like primary baths featuring dual vanities. Generous sized second and third bedrooms come with custom closets. Additional Amenities: Full-size in-unit laundry, custom-built coat wardrobes matching the unit's aesthetics, balconies off the living rooms, and a dedicated parking area for bicycles. Special Features Parking: Each unit includes a 1-car garage equipped with an electric car charge port. Outdoor Spaces: Balconies for each unit, providing private outdoor space. Location Advantage: Situated in Avondale near Logan Square, the property offers easy access to a plethora of dining, entertainment, and shopping options, enhancing the appeal for potential tenants. This property represents an exceptional investment opportunity in Chicago's competitive real estate market. With its modern amenities, luxurious finishes, and strategi

Market Context

This multifamily in Chicago, IL is listed for sale at $4,750,000 across 15,754 SF. The building dates to 2022. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Chicago, IL — <a href="/search/sale/multifamily/illinois/chicago">view the full market</a>.

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

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 Consensus.

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