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

Chicago, IL, 60649
$ 1,050,000
Bedrooms1 Baths0.0

Monthly Estimate*

$ 6,465

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7006 S Cregier Avenue, Chicago, IL 60649 - Image 12

Multi-Family Home for sale in Chicago, IL

for $1,050,000 with 1 bedroom. This home was built in 1961.

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.

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Multi-Family Active

Price

$ 1,050,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 10,762

Style

Multi-Family

Year Built

1961

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12599733

Features
General
Cooling Wall Sleeve
Utilities Sewer Connected Water Available Cable Available
Zoning MULTI
Construction Materials Brick
Year Built 1961
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Hot Water All Utilities
Stories Count 3
Tax Year 2024
Current Use Multi-Family
Gross Income 141480
County Cook
Net Operating Income 90162
Operating Expense 44244
Insurance Expense 3612
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 5500
Possible Use Condominium Multi-Family
Status New
Directions From 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.
City Chicago
Number Of Units Total 11
MLS Area CHI - South Shore
Tax Annual Amount 10762
Electric Expense 2098
Fuel Expense 0
Trash Expense 3156
Water Sewer Expense 3096
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.59
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Interior
Basement Finished Exterior Entry Walk-Up Access
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Exterior
Water Source Community Water
Lot Dimensions 50' X 163'
Frontage Type City Street
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* Excluded Features
List By
Jameson Sotheby's Intl Realty

Broker

matt@theneistatgroup.com;matt@theneistatgroup.com

Email

Affordability Calculator

$7,362
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,465
Monthly Property Taxes
$897
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$1,050,000 Listed Price

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7006 S Cregier Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $1,050,000. 7006 S Cregier Avenue has 1 bedrooms, 0.0 baths, and was built in 1961. The property's zip code is 60649 which is in Chicago, IL