Chicago Multifamily Market Data: 175 Transactions, $587.8M Volume – April 2026
Chicago MSA Multifamily Market Report
April 2026 Sales Analysis
April 1 – April 30, 2026
Executive Summary
The Chicago MSA multifamily market recorded 175 transactions in April 2026, representing $587.8 million in total sales volume. The market demonstrated strong fundamentals with a median sale price of $1.25 million. Price per square foot averaged $184, with 3,294 units changing hands across the Chicago metropolitan statistical area. View available properties.
Data Source: CoStar Group – Commercial real estate information and analytics provider
Market Overview
| Price Range | Transactions | Total Volume | % of Market |
|---|---|---|---|
| Under $1M | 70 | $47.4M | 8% |
| $1M – $2.5M | 68 | $107.5M | 18% |
| $2.5M – $5M | 19 | $64.0M | 11% |
| Over $5M | 18 | $368.9M | 63% |
Market Insight
Properties over $5M represented just 10% of transactions but accounted for 63% of total dollar volume,
demonstrating significant institutional activity in larger Chicago multifamily portfolios.
Top Submarkets by Volume
| Submarket | Transactions | Total Volume | Avg Price/Deal |
|---|---|---|---|
| Elgin/Dundee | 2 | $94.8M | $47.4M |
| Downtown Elmhurst | 1 | $84.5M | $84.5M |
| Southeast Lake County | 3 | $52.4M | $17.5M |
| Southern Cook County | 4 | $37.6M | $9.4M |
| Uptown Chicago | 4 | $28.1M | $7.0M |
Frequently Asked Questions
What was the total transaction volume for Chicago MSA multifamily in April 2026?
The Chicago MSA multifamily market recorded $587.8 million in total sales volume across 175 transactions during April 2026, according to CoStar data.
What was the median sale price for multifamily properties in the Chicago MSA?
The median sale price was $1.25 million per property in April 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 Elgin/Dundee ($94.8M), Downtown Elmhurst ($84.5M), and Southeast Lake County ($52.4M), based on CoStar transaction data.
What was the average price per unit for Chicago MSA multifamily properties?
The average price per unit was $178,400 across 3,294 total units sold in the Chicago MSA during April 2026.
How many multifamily units were sold in the Chicago MSA in April 2026?
A total of 3,294 multifamily units changed hands across 175 transactions in the Chicago MSA market during April 2026, according to CoStar Group data.
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Data Source: CoStar | Report Date: May 14, 2026 | 175 Transactions Analyzed