On May 9, 1991, Hearn became the third broadcaster to win the Gowdy Award from the Naismith Memorial Basketball Hall of Fame in Springfield, Massachusetts.
He later became the first broadcaster elected to the Hall in 2003.
 In 1995, he was voted to be the 20th member of the American Sportscaster Hall of Fame by his fellow sportscasters.
He was inducted by the National Sportscasters and Sportswriters Association Hall of Fame in 1997.

In honor of his contributions to the Los Angeles Lakers, both the Lakers and the city of Los Angeles renamed a portion of West 11th Street between Figueroa Street and Georgia Street (now L.A. Live Way) to Chick Hearn Court.
This street currently runs alongside Staples Center's main entrance.
The Los Angeles County Metropolitan Transportation Authority further honored the broadcaster by changing the name of the nearby Blue Line station to Pico-Chick Hearn (this name change has since been reverted).
His name was later hung from the rafters of the Staples Center, alongside the retired numbers of past Lakers players, though with a microphone in place of a number.

Hearn also has a star on the Hollywood Walk of Fame, in radio.
 Hearn's star is located at 6755 Hollywood Blvd.

On April 27, 2010,  Hearn was honored with a bronze statue at Star Plaza outside Staples Center.
A chair next to Hearn's statue behind the desk with the Lakers' logo is a part of the statue so his fans can sit down to have their pictures taken.
On May 9, 1991, Hearn became the third broadcaster to win the Gowdy Award from the Naismith Memorial Basketball Hall of Fame in Springfield, Massachusetts. He later became the first broadcaster elected to the Hall in 2003.  In 1995, he was voted to be the 20th member of the American Sportscaster Hall of Fame by his fellow sportscasters. He was inducted by the National Sportscasters and Sportswriters Association Hall of Fame in 1997.
In honor of his contributions to the Los Angeles Lakers, both the Lakers and the city of Los Angeles renamed a portion of West 11th Street between Figueroa Street and Georgia Street (now L.A. Live Way) to Chick Hearn Court. This street currently runs alongside Staples Center's main entrance. The Los Angeles County Metropolitan Transportation Authority further honored the broadcaster by changing the name of the nearby Blue Line station to Pico-Chick Hearn (this name change has since been reverted). His name was later hung from the rafters of the Staples Center, alongside the retired numbers of past Lakers players, though with a microphone in place of a number.
Hearn also has a star on the Hollywood Walk of Fame, in radio.  Hearn's star is located at 6755 Hollywood Blvd.
On April 27, 2010,  Hearn was honored with a bronze statue at Star Plaza outside Staples Center. A chair next to Hearn's statue behind the desk with the Lakers' logo is a part of the statue so his fans can sit down to have their pictures taken.
Chick Hearn