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12-Unit Corner Apartment Building
For Sale
$495,000

7954 S Harvard Avenue, Chicago, IL 60620

Vacant masonry property featuring three distinct tiers and offered in its present condition.

Property SizeContact for details
Days on Market12

Property Features for 7954 S Harvard Avenue

General Information

Standard status Active
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence Handyman Special

Additional Details

Multifamily Units 12

Taxes and HOA fees

Annual Taxes $13,672

Building Details

Year Built 1929
Buildings 1
Construction masonry
Listing Agency: HALSTED TAYLOR REAL ESTATE
Listed By: ANTHONY GOLOB · License #471015175
Source: Corcoran
Added: Sep 11 Changed: Sep 21 Last Checked: Sep 21 at 7:27AM

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 HALSTED TAYLOR REAL ESTATE

Investment Insights

Based on property information with market context.

Built in 1929, this 12-unit apartment property is a corner masonry building organized across three separate tiers. The entire property is vacant, allowing possession for renovation or redevelopment work immediately after closing. Its condition has not been represented or warranted, and the sale is offered as-is.

The property is located at 7954 S Harvard Avenue in Chicago’s Chatham neighborhood. Buyers should evaluate the building independently and address any applicable city violations as part of their due diligence. The offering is intended for experienced investors, with cash or hard-money financing specified.

Key Highlights

  • 12‑unit apartment building at 7954 S Harvard Avenue
  • Vacant property with immediate possession after closing
  • Corner masonry construction with 3 separate tiers

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

770
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?
Apartment building - Vacant masonry property featuring three distinct tiers and offered in its present condition.
Where is this apartment building located?
The property is located at 7954 S Harvard Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 12‑unit apartment building at 7954 S Harvard Avenue; Vacant property with immediate possession after closing; Corner masonry construction with 3 separate tiers
More about this property
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