Chicago, IL 60649 7006 S Cregier Avenue
$1,050,000
Pending



7 more







Presented By: Jameson Sotheby's Intl Realty
Home Details
This is a unique opportunity to acquire a fully occupied, 11-unit investment property in Chicago's historic Jackson Park Highlands with little capital needed to increase rents. Current rents are running significantly below market, giving a new owner a clear and immediate path to grow income as units turn - no renovations, no forced displacement. The building has undergone significant improvements over the past several years, including new AC units, updated plumbing, updated electrical panels, security cameras, on-site laundry, and a custom dog park with a drainage system. A gated parking lot - rare for a building of this size - is currently unmonetized and represents additional untapped income potential. The neighborhood is only getting better: the Obama Presidential Center, Quantum Shore Development, Thrive Exchange, and more are all driving renewed demand and long-term appreciation in the area.
Presented By: Jameson Sotheby's Intl Realty
Interior Features for 7006 S Cregier Avenue
Other Interior Features
BasementFinished, Exterior Entry, Walk-Up Access
General for 7006 S Cregier Avenue
Additional Parcels Y/NNo
Cap Rate8.59
CityChicago
Construction MaterialsBrick
CoolingWall Sleeve
CountyCook
Current UseMulti-Family
DirectionsFrom Stony Island Ave, turn East on 70th St. After 3 blocks, turn right onto Cregier Ave. The listing is the second building on the West (right) side of Cregier.
ElectricCircuit Breakers
Electric Expense2098
Fuel Expense
Gross Income141480
Insurance Expense3612
MLS AreaCHI - South Shore
MaintenanceExpense5500
Net Operating Income90162
Number Of Units Total11
Operating Expense44244
Possible UseCondominium, Multi-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusPending
StatusPending
Stories Count3
Tax Annual Amount10762
Tax Year2024
Tenant PaysAir Conditioning, Electricity, Heat, Hot Water, All Utilities
Trash Expense3156
UtilitiesSewer Connected, Water Available, Cable Available
Water Sewer Expense3096
Year Built1961
ZoningMULTI
Exterior for 7006 S Cregier Avenue
BuyerOfficeFax(872) 310-6701
Frontage TypeCity Street
Lot Dimensions50' X 163'
Water SourceCommunity Water
Additional Details
Price History
