Professional grm calculator optimized for multifamily properties in Chicago. Local market data shows 6.2% average cap rates and $320,000 median property values.
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The Chicago, IL multifamily real estate market offers unique investment opportunities. With a median home price of $320,000 and average cap rates of 6.2%,multifamily properties in this market present a strong yield profile.
Current market conditions show properties averaging 42 days on market, with year-over-year appreciation of 3.1%. Average cash-on-cash returns for multifamily investments in Chicago are approximately 9.5%.