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Gutted Multifamily Property
For Sale
$125,900

7732 S Normal Avenue, Chicago, IL 60620

Multifamily redevelopment project with demolition completed, partial improvements underway, and some replacement windows installed.

Property SizeContact for details
Days on Market311

Property Features for 7732 S Normal Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $1,793

Building Details

Year Built 1885
Listing Agency: Anchor Realty Group, Inc
Listed By: Efrem Lambert · License #471004328
Source: Dawnmckennagroup
Added: Oct 19, 2025 Changed: Aug 16 Last Checked: Aug 24 at 2:54PM

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 Anchor Realty Group, Inc

Investment Insights

Based on property information with market context.

This multifamily property, built in 1885, is being offered as a redevelopment project. Interior demolition and stripping have been completed, leaving the building gutted for continued construction. Work has already begun, including installation of some new windows and additional improvements.

The property is located at 7732 S Normal Avenue in Chicago, Illinois. Its existing multifamily classification and partially completed work provide a defined starting point for the next phase of the project.

Key Highlights

  • Interior demolition and stripping have been completed
  • Building is already gutted for continued redevelopment
  • Some new windows have been installed

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

720
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily redevelopment project with demolition completed, partial improvements underway, and some replacement windows installed.
Where is this multifamily property located?
The property is located at 7732 S Normal Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $125,900.
What are key features of this property?
This property features: Interior demolition and stripping have been completed; Building is already gutted for continued redevelopment; Some new windows have been installed
More about this property
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