Mixed-Use Apartment
7654 S Harlem Avenue, Bridgeview, IL 60455
For Sale
$1,100,000
Commercial Sale, Bridgeview, IL
Property Size7,400 SF
Lot Size0.28 Acres
Price / SF$148.65
Days on Market47
Property Features for 7654 S Harlem Avenue
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
on-site laundry
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Century 21 Circle · Century 21 Real Estate
(708) 361-0800
Listed By:
Mark Vaccaro · License #471021485
(708) 398-6400
Added: Sep 24
Changed: Sep 30
Last Checked: Nov 9 at 4:06AM
MLS# 12766397
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1969 brick mixed-use property contains an estimated 7,400+ square feet, with two office spaces of roughly 530 square feet apiece, each equipped with a restroom. The residential portion comprises six one-bedroom, one-bath apartments. Units have radiant floor heat, wall-sleeve air conditioning, a refrigerator, and a stove/oven. Residents pay their own electricity, and a shared laundry area includes a washer, dryer, and wash tub. An unfinished basement provides storage, including designated areas for two apartments.
The building is at 7654 S Harlem Avenue in Bridgeview, on a signalized corner along Harlem Avenue, with public transportation nearby. Zoning is COMMR.
Five of the six apartments are occupied. The roof has been replaced; the vinyl windows are approximately 15 years old, and the water heater is approximately 12 years old. Basement waterproofing and a new asphalt parking lot were completed in 2025.
The building is at 7654 S Harlem Avenue in Bridgeview, on a signalized corner along Harlem Avenue, with public transportation nearby. Zoning is COMMR.
Five of the six apartments are occupied. The roof has been replaced; the vinyl windows are approximately 15 years old, and the water heater is approximately 12 years old. Basement waterproofing and a new asphalt parking lot were completed in 2025.
Key Highlights
- Estimated 7,400+ square feet on a 0.2779‑acre lot
- Six 1‑bedroom, 1‑bath apartments; 5 of 6 are occupied
- Two office spaces, each roughly 530 sq ft with a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,846
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,920
$1.7M
Cap Rate 7%
$1,226,371
$1.2M
Cap Rate 9%
$953,844
$953.8K
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$167.8K $22.68/SF
− Vacancy
−$11.7K −$1.59/SF
EGI
$156.1K $21.09/SF
− OpEx
−$70.2K −$9.49/SF
NOI
$85.8K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,920
Cap Rate 7%
$1,226,371
Cap Rate 9%
$953,844
Alternative Uses
Best Use
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,875 @ 7.0% cap · market cap 11.35%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,846 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $198,912 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
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Business Placement
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Cook County, IL
Properties on Market for Mixed-use properties in Cook County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office suites share the property with six one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 7654 S Harlem Avenue Bridgeview, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Estimated 7,400+ square feet on a 0.2779‑acre lot; Six 1‑bedroom, 1‑bath apartments; 5 of 6 are occupied; Two office spaces, each roughly 530 sq ft with a restroom
