Our suburban multifamily investment team — Paul Waterloo, Patrick Kennelly, Nathan Zito, and Andrew Stassi — tracks all multifamily sales in the Chicagoland suburbs from $1M to $50M.

Below is a snapshot comparing the Chicago suburban multifamily market for Q1 2024 to Q1 2025.
For access to the full Q1 newsletter, feel free to reach out to a member of our team.

•  Transaction Volume Surged – Both deal count and total dollar volume rose 65% year-over-year, signaling a strong start to the year.
• Average Price Per Unit Jumped 16% – Reflecting growing investor demand for suburban multifamily.
•  Out-of-State Capital is Back – 17% of Q1 deals involved non-local buyers, a notable increase from 2024.
• Large-Scale Deals Are Picking up – 7 transactions closed in the $10M–$50M range this quarter alone, compared to just 13 in all of 2024.

The Chicagoland multifamily market is heating up and our team has brokered several recent deals in markets like Downers Grove, Norridge and Wheaton as well as been featured alongside other real estate experts analyzing local submarkets.

Paul Waterloo is a Managing Partner at Interra Realty and graduated from University of Illinois at Urbana Champaign. He is a licensed real estate broker in the State of Illinois.