Chicago MSA Multifamily Market Report

February 2026 Sales Analysis

February 1 – February 28, 2026

Executive Summary

The Chicago MSA multifamily market recorded 57 transactions in February 2026, representing $101.6 million in total sales volume. The market demonstrated strong fundamentals with a median sale price of $1.44 million. Price per square foot averaged $198, with 649 units changing hands across the Chicago metropolitan statistical area. View available properties.

Data Source: CoStar Group – Commercial real estate information and analytics provider

What was the total transaction volume for Chicago MSA multifamily in February 2026?

The Chicago MSA multifamily market recorded $101.6 million in total sales volume across 57 transactions during February 2026, according to CoStar data.

What was the median sale price for multifamily properties in the Chicago MSA?

The median sale price was $1.44 million per property in February 2026 across the Chicago metropolitan statistical area.

Which submarkets had the highest multifamily sales volume in the Chicago MSA?

The top submarkets by volume were Lakeview ($26.6M), Bronzeville ($12.8M), and Rogers Park ($9.6M), based on CoStar transaction data.

What was the average price per unit for Chicago MSA multifamily properties?

The average price per unit was $156,500 across 649 total units sold in the Chicago MSA during February 2026.

How many multifamily units were sold in the Chicago MSA in February 2026?

A total of 649 multifamily units changed hands across 57 transactions in the Chicago MSA market during February 2026, according to CoStar Group data.

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Data Source: CoStar | Report Date: March 7, 2026 | 57 Transactions Analyzed