13-Unit Apartment Building with Unit
For Sale
Contact for pricing
Pending
7121 S Harvard Ave, Chicago, IL 60621
Thirteen-unit apartment building with 6 two-bedroom and 7 one-bedroom units, including several updated interiors and remaining units needing TLC.
Property SizeContact for details
Days on Market135
Property Features for 7121 S Harvard Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
13
Listing Agency:
Kiser Group
(773) 293-5032
Listed By:
Aaron Sklar · License #IL 475161507
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 20 at 6:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
7121 S. Harvard is a 13-unit apartment building comprised of six (6) 2Bd/1Ba units and seven (7) 1Bd/1Ba units. Eight (8) units have been updated with modern finishes that include hardwood floors, individual HVAC, and renovated kitchens and baths. The remaining five (5) units are in need of some TLC, creating an opportunity for a new owner to complete unit turns and bring additional units back up to speed.
The property is situated on a quiet, tree-lined street among single-family homes and brick duplexes in Chicago’s South Side Greater Grand Crossing neighborhood. The listing notes the building is a couple blocks east of Hamilton Park, which features a swimming pool, baseball diamonds, basketball and tennis courts, and more.
The offering is presented as a value-add opportunity through renovation and leasing after unit turns. The provided projections state that, upon completion, the property could reach a cap rate of 10.81% and a cash-on-cash return of 21.66%.
The property is situated on a quiet, tree-lined street among single-family homes and brick duplexes in Chicago’s South Side Greater Grand Crossing neighborhood. The listing notes the building is a couple blocks east of Hamilton Park, which features a swimming pool, baseball diamonds, basketball and tennis courts, and more.
The offering is presented as a value-add opportunity through renovation and leasing after unit turns. The provided projections state that, upon completion, the property could reach a cap rate of 10.81% and a cash-on-cash return of 21.66%.
Key Highlights
- 13‑unit apartment building in Chicago’s South Side Greater Grand Crossing neighborhood
- Unit mix: 6 two‑bedroom (2Bd/1Ba) units and 7 one‑bedroom (1Bd/1Ba) units
- 8 units updated with modern finishes including hardwood floors, individual HVAC, and renovated kitchens & baths
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Thirteen-unit apartment building with 6 two-bedroom and 7 one-bedroom units, including several updated interiors and remaining units needing TLC.
Where is this apartment building located?
The property is located at 7121 S Harvard Ave Chicago, IL.
What are key features of this property?
This property features: 13‑unit apartment building in Chicago’s South Side Greater Grand Crossing neighborhood; Unit mix: 6 two‑bedroom (2Bd/1Ba) units and 7 one‑bedroom (1Bd/1Ba) units; 8 units updated with modern finishes including hardwood floors, individual HVAC, and renovated kitchens & baths
