Multifamily Property for Sale in Chicago, IL

  • Price: $2.2M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60608
  • Size: 11,800 SF
  • Year built: 1930

Description

KW Commercial is pleased to present the opportunity to acquire 1723- 25 S Ashland Ave, Chicago, IL, 60608. This mixed-use building contains four commercial spaces and eight residential units, with the possibility to increase to nine residential units. Located on the northeast corner of Ashland Ave. & 18th St, it hosts the view of a daily average of 35,876 vehicles. Long standing tenants hold tenancy of the commercial spaces with both city-known and national tenants. Building SF: 11800 | Land Size: 4356.0 SF | Year Built: 1930 | Listing Type: FOR SALE

Market Context

This multifamily in Chicago, IL is listed for sale at $2,250,000 across 11,800 SF. The building dates to 1930. 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.

Contact

Explore this market

Similar Multifamily Property for Sale in Chicago, IL