📢 CALL FOR OFFERS: September 25, 2025
💼 12-Unit Multifamily | 7821 43rd Street, Lyons, IL 60534
💲 Offered at $1,580,000 | 7.23% Cap Rate

Fully occupied with consistent income and upside
Recent upgrades: New roof, newer heating system, new hot water tank, sewer, common areas, select unit updates
On-site laundry with owned W/D and on-site parking
Prime Lyons location near retail, dining & transit

📝 View full details and financials:
👉 https://creconsult.net/chicago-multifamily-listings/multifamily-property-lyons-il/

Contact: Randolph Taylor, CCIM
Vice President | Multifamily Investment Sales Broker
eXp Commercial – Chicago
📧 rtaylor@creconsult.net  📱 (630) 474-6441
📆 Schedule a Call https://meetings-na2.hubspot.com/meetings/randolph

#MultifamilyInvesting #ApartmentSales #CommercialRealEstate #ChicagoCRE #LyonsIL #InvestmentProperties #CREBrokerage #eXpCommercial

Chicago Apartment Market 2025: Low Supply, High Demand

Chicago apartment market 2025 is one of the most competitive rental environments in the country. Anyone who’s ever tried to find a two-bedroom near the L knows supply and demand isn’t just theory—it’s real life in Chicago. Years ago, a friend nearly lost an apartment over a coin toss with another renter. Now, with the city adding only 4,200 new units—half the usual number—the rental scene is entering uncharted territory. Is this a crisis or a ‘golden age’? Let’s explore what’s ahead.

Chicago Apartment Market 2025: Supply Shrinks, Demand Surges

The Chicago apartment market 2025 faces an unprecedented drop in new units. According to Marcus & Millichap, only 4,200 new apartments are expected this year—a 50% decline from the decade average. As a result, renters, developers, and investors are being forced to adapt.

Submarket Impacts and Vacancy Pressures

For example, the Loop, Fulton Market, and West Loop will see fewer than 450 completions—down from over 2,100 in 2024. Meanwhile, areas like Aurora and the Near North Side will receive less than 330 units, compared to 600+ the year before. At the same time, Chicago gained over 100,000 residents in two years, sending vacancy rates down to 4.7%–4.9%—far below national averages.

• 2025 new apartment units: 4,200 (down 50%)


• Loop/Fulton/West Loop: <450 units (vs. 2,100+ in 2024)


• Aurora/Near North: <330 units (vs. 600+ in 2024)

This sharp supply drop is driving rents higher and creating a power shift toward landlords and property owners. As a result, every available unit becomes more valuable, and competition among renters intensifies.

Investor Opportunities Amid Construction Slowdown

Despite the uncertainty, smart investors are finding room to move. In fact, Marcus & Millichap reports that transaction volume rose 20% year-over-year. Additionally, banks like KeyBank are beginning to free up more capital for acquisitions and refinancing. However, construction loans are still tight, pushing attention toward existing assets.

Where Investors Are Shifting Focus

Cap rates are stabilizing around 6%. Because of this, investors can evaluate value-add and workforce housing with more clarity. Furthermore, new strategies such as office-to-residential conversions are gaining traction. With limited competition from new development, now may be the time to act boldly.

• Transactions: Up 20% year-over-year


• Cap rates: Near 6%


• Lending: Easier for acquisitions/refi, harder for new builds


• Trends: Office conversions, workforce housing

Overall, the Chicago apartment market 2025 presents rare windows of opportunity—for those ready to move fast.

Rent Growth Accelerates as Choices Shrink

According to Marcus & Millichap, Chicago’s average rent is expected to reach $2,160/month—outpacing all other U.S. metros. Shrinking supply and ongoing demand are key drivers. Consequently, renters are facing higher costs, while operators are reaping strong returns.

Class A Leads, But B and C Also Benefit

• Class A: 4.8%–6.8% annual rent growth


• Class B/C: Strong growth, especially when renovated

Moreover, operators using lean staffing and automation are staying ahead by managing expenses more efficiently. In this climate, even older buildings are seeing value spikes as renters seek alternatives.

Technology, Tariffs, and the Future of Building

New construction has slowed sharply. Apartment starts are down 74% from 2021 levels. However, developers are adapting. Modular building and robotics are helping cut costs and timelines. While still early, these innovations are becoming crucial survival tools.

Tariffs have raised material prices. Even so, some subcontractors are absorbing the extra costs to keep projects alive. As a result, Chicago's development pipeline hasn’t stalled completely—but it remains fragile.

Looking ahead, the city’s next wave of apartment development may rely on automation as much as concrete. Those who embrace new methods today will likely lead tomorrow.

TL;DR: The Chicago apartment market 2025 is defined by tight supply, rising demand, and strong rent growth. Investors and operators who act strategically will thrive amid uncertainty.

Schedule Your Complimentary Property Valuation

https://creconsult.net/chicago-multifamily-market-2025/?fsp_sid=1322

🚨 New Listing – Fully Equipped Culinary Kitchen for Lease
📍 Plainfield, IL | 2,859 SF | $24.00/SF NNN

Now available: a turnkey culinary kitchen space featuring over $450,000 in premium improvements, including commercial ovens, hood/ventilation, quartz countertops, 3-bay sink, and more. Ideal for:

✔️ Ghost kitchens
✔️ Commissary operations
✔️ Catering businesses
✔️ Culinary education programs

Located just off Route 59, this space benefits from high visibility, strong demographics, and synergy from neighboring tenants like Goldfish Swim School.

🔗 Full listing + photos:
https://creconsult.net/12315-rhea-drive-culinary-kitchen-lease-plainfield-il/

📞 Contact:
Randolph Taylor, CCIM
Vice President | eXp Commercial – Chicago
📧 rtaylor@creconsult.net

📱 (630) 474-6441
🔗 www.CREConsult.net

#culinarykitchen #commercialrealestate #ghostkitchen #PlainfieldIL #retailspace #commissarykitchen #CRE #expcommercial #forlease #chicagorealestate

Chicago Ridge Multifamily – Updated Financials
Fully leased 18‑unit multifamily building in Chicago Ridge, IL with updated financials and recent renovations. Strong in‑place cash flow with realistic rent growth upside and minimal near‑term capital needs make this an attractive value‑add or 1031 exchange opportunity.

Property Highlights:
Price: $2,450,000 • 18 Units (10 Two‑Bedroom / 8 One‑Bedroom)
Cap Rates: 7.56% Current • 8.88% Pro Forma
Occupancy: 100% • Renovation Year: 2024
Location: Near I‑294, Metra, and Chicago Ridge Mall

🔗 View Offering Memorandum:
https://creconsult.net/chicago-multifamily-listings/chicago-ridge-il-multifamily-property-for-sale/

📞 Contact Me:
Randolph Taylor, CCIM • Vice President | Multifamily Broker
eXp Commercial – Chicago
Phone: (630) 474‑6441 • Email: rtaylor@creconsult.net

Hashtags:
#Multifamily #CommercialRealEstate #CRE #1031Exchange #ChicagoSuburbs #RealEstateInvesting #ValueAdd

Chicago Suburban Multifamily Portfolio – Updated Financials
Two fully leased 12‑unit buildings in Lyons, IL offered as a 24‑unit portfolio. Renovated in 2024/2025 and delivering reliable stabilized cash flow with realistic rent growth upside—minimal near‑term capital needs make this a compelling value‑add or 1031 exchange opportunity.

Portfolio Highlights:
Price: $3,100,000 • 24 Units (17 Two‑Bedroom / 7 One‑Bedroom)
Cap Rates: 7.06% Current • 8.8% Pro Forma
Occupancy: 100% • Renovations 2024-25
Location: Prime west suburban area near Ogden Ave, I‑55, and Brookfield Zoo

🔗 View Offering Memorandums:
• Prescott Ave – https://creconsult.net/chicago-multifamily-listings/lyons-il-multifamily-portfolio-for-sale/
• 43rd St – https://creconsult.net/chicago-multifamily-listings/multifamily-property-lyons-il/

📞 Contact Me:
Randolph Taylor, CCIM • Vice President | Multifamily Broker
eXp Commercial – Chicago
Phone: (630) 474‑6441 • Email: rtaylor@creconsult.net

Hashtags:
#Multifamily #CommercialRealEstate #CRE #1031Exchange #ChicagoSuburbs #RealEstateInvesting #ValueAdd

JUST SOLD | Bartlett, IL
Pleased to represent the seller in the successful sale of a professional property in Bartlett. Closed “as-is,” all cash, in just 90 days — another satisfied client in the western suburbs.

If you’re considering selling your multifamily or commercial property, let’s talk about strategies to achieve your best outcome:
Contact us: https://creconsult.net/contact-us/
Schedule a meeting: https://meetings-na2.hubspot.com/meetings/randolph

Randolph Taylor, CCIM
Vice President | Commercial Real Estate Broker
eXp Commercial – Chicago
📧 rtaylor@creconsult.net | 📞 (630) 474-6441

#CommercialRealEstate #ClosedDeal #ChicagoSuburbs #eXpCommercial #BartlettIL

Chicago Rent Growth Surges in 2025, Ranks #2 in U.S. Market

Chicago Rent Growth Surges in 2025, Ranks #2 in U.S. Market

Chicago rent growth is surging in 2025, positioning the city as the second-strongest apartment market in the U.S., according to new data from CoStar Analytics. While San Francisco leads with a 5.0% annual increase, Chicago follows closely at 3.8%, driven by strong demand and limited new supply.

Nationwide, the U.S. multifamily sector is stabilizing after several years of volatility. Net absorption hit 268,000 units in the first half of the year—the third-highest ever recorded for that period. Meanwhile, new completions dropped by 25% year-over-year, helping ease the elevated national vacancy rate to 8.1%.

Chicago Outperforms as Sun Belt Struggles

Chicago rent growth stands out amid a national backdrop of modest rent gains. The CoStar report notes that asking rents nationwide rose just 0.9% year-over-year. In contrast, oversupplied Sun Belt markets like Austin (-4.3%), Denver (-3.2%), and Phoenix (-2.6%) saw steep declines.

Asset Class Trends: Affordability Wins

Affordable units (1–2 star) led rent growth at 1.7%, while luxury units (4–5 star) gained only 0.5%. Mid-tier (3-star) apartments aligned with the national average at 1%. These trends reflect growing demand for affordability, particularly in high-cost cities.

2025 Outlook for Multifamily Markets

Completions are projected to drop to 492,000 units by year-end. With sustained renter demand, the national vacancy rate may dip below 8%, and annual rent growth is forecast to rise to 1.8%. Chicago and other low-supply metros in the Midwest and Northeast are best positioned to outperform.

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For more insights on multifamily trends, visit our Market Research section.

https://creconsult.net/chicago-rent-growth-2025-costar/?fsp_sid=1220