Family Office Briefing on research byMatthews·May 21, 2025
4Q24 | MULTIFAMILY MARKET REPORT | CHICAGO, IL
Chicago multifamily market stabilizes with healthy demand in Q4 2024 — family offices should consider co-GP opportunities with local operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 5.3% |
| Cap Rate | 6.8% |
| Units Under Construction | 7,225units |
| Market Asking Rent Per Unit | 1797$ |
| Rent Growth | 2.5% |
| Sales Price Per Unit | 207556$ |
Metrics extracted from the source report and independently fact-checked. Method →
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