Should I Sell My Multi-Unit Building or Keep It? Here’s What You Need to Know

If you own a multi-unit property—whether it’s a 2-flat, 3-flat, or small apartment building—you’ve probably asked yourself:

"Should I hold onto it and keep collecting rent… or is now the right time to sell?"

It’s a smart question—and depending on your goals, it could be one of the most important financial decisions you make this year.

Let me break it down for you.

📈 Why Right Now Is a Prime Time to Sell

Despite headlines about rising interest rates and market slowdowns, multi-unit properties across Chicagoland are still selling—and they’re selling well.

According to recent MLS data, small to mid-size multi-family buildings are still commanding strong prices, especially in areas with limited inventory. Investors are looking for properties with potential, and owner-occupants are actively hunting for income-producing homes.

And if your building is vacant? That’s even better.

🏚️ Why Selling a Vacant Multi-Unit Can Be a Major Advantage

Many sellers assume a fully rented building is the most appealing to buyers. But the truth is—a vacant building opens the door to more opportunity, especially in today’s market.

Here’s why:

• ✅ Owner-occupants can move in immediately and rent the other units without dealing with existing tenants or leases.

• ✅ Investors have flexibility to set new market rents, choose their own tenants, and renovate as needed.

• ✅ Showings are easier and faster, especially with updated units or vacant units that are staged.

In fact, I’ve found that vacant multi-unit properties attract more offers and sell more quickly, often for stronger terms.

😫 Tired of Dealing With Renters? You’re Not Alone.

Let’s face it—owning rental property isn’t always passive income. Between maintenance calls, late rent, turnover, and tenant issues, it can wear you down over time.

If you’re feeling exhausted, burned out, or simply done with being a landlord, you’re not alone. I’ve worked with many owners who reached the point where managing their building became more of a burden than a benefit.

That’s usually the sign that it’s time to consider selling—and cashing out while the market is still strong.

Whether you're retired, relocating, or just ready to simplify life, there’s nothing wrong with saying: “I’ve had enough.”

The good news? You don’t have to go it alone—and you can sell on your terms, with the right strategy.

🔥 Case Study: Record-Breaking Sale in Park Ridge

Earlier this year, I sold a vacant 2-flat in Park Ridge for $807,200—a record sale for that type of property in the area.

What made it work?

• The units were clean and move-in ready

• We launched with strong marketing and pre-listing buzz

• And most importantly… we had the right momentum and energy behind the sale

This wasn’t a lucky break—it was the result of a proven system:
Price • Preparation • Access™ combined with expert negotiation and market timing.

🚀 The Right Marketing Plan (and Agent) Makes the Difference

Selling a multi-unit isn’t like selling a single-family home. It requires:

• Knowing how to market to both investors and owner-occupants

• Navigating buyer financing challenges (FHA/Conventional/Portfolio loans)

• Understanding what motivates serious buyers in today’s landscape

• And bringing a high level of energy and follow-through to create momentum from Day 1

When you’re trying to sell for top dollar, you don’t just need an agent—you need the right agent. One who knows how to highlight the strengths of your building, guide you through pricing, and market it like a product.

📊 Multi-Unit Stats Are Still Strong

Here are a few recent insights:

• According to the Chicago Association of Realtors, multi-family sales volume is holding steady in key submarkets, especially in neighborhoods with walkability and transit access.

• Inventory remains tight, which keeps prices strong and competition healthy for well-positioned properties.

• Cap rates are compressing, meaning buyers are paying more for future income potential—another reason why it’s a smart time to sell.

🤔 Still Unsure Whether to Sell?

If you’ve owned your building for a few years, you’re likely sitting on significant equity. And if you’ve had tenant headaches, ongoing maintenance issues, or you're just ready to cash out—now is the time.

Selling now could mean:

• Locking in your equity at peak market value

• Avoiding the risk of rent control or changing city ordinances

• Moving your capital into something new—or just enjoying the returns

💼 Why Sellers Choose Me

There are plenty of agents out there, but here’s what sets me apart:

• ✅ I bring 20+ years of experience marketing and negotiating multi-unit deals

• ✅ I’ve built a custom strategy that works: Price • Preparation • Access™

• ✅ I bring energy and execution—the one thing most agents can’t duplicate

• ✅ I’ve sold homes at record prices because I know how to build buyer momentum

• ✅ And I don’t just list—I launch your property to the right audience

💬 Let’s Talk Strategy

If you're even thinking about selling your multi-unit building, don’t wait until the market cools further or interest rates climb again. Let’s evaluate your building, discuss your options, and build a smart strategy.

No pressure. Just straight answers, real numbers, and expert advice from someone who knows what works.

📲 Call or text me anytime at 773-425-6265
Or request a property review at CampoSellsHouses.com

🐺 FRANK "CAMPO" CAMPOBASSO
The Wolf of Lake Street
📱 Call or Text: 773-425-6265
🏡 Century 21 Circle
🌐 www.CampoSellsHouses.com
⭐ Reviews: www.realsatisfied.com/Frank-Campobasso

ABOUT FRANK "CAMPO" CAMPOBASSO

Frank Campobasso is a seasoned real estate professional with over 20 years of experience helping clients throughout Chicagoland and the surrounding suburbs. He specializes in buying and selling single-family homes, condos, townhomes, multi-unit buildings, and investment properties. Known for his expert negotiation skills, clear communication, and strategic advice, Frank has been featured in real estate magazines, newspaper articles, and radio shows for his industry insight.