chi-TwoItasca01 (2) Two Itasca Place, a five-story 70-unit apartment building in Itasca, IL, recently sold to Waypoint Residential.

CHICAGO—The market for multifamily properties has been quite hot for years, but investors had been focusing much of their attention on developments in the central core. In 2017, however, more buyers began looking to the city’s outlying neighborhoods and its suburbs, according to a new study by KIG CRE.