7006 S Cregier - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,050,000 USD
847-714-2913
7006 S Cregier, Chicago, IL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/17
null | 8.59% Cap Rate

7006 S Cregier
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • 100% occupied — 11 units, all 1BD/1BA
  • Rents 12–13% below market with built-in upside
  • $62,000+ in completed capital improvements
  • Gated parking lot — rare asset, currently unmonetized

OVERVIEW

Jameson Sotheby's International Realty is pleased to exclusively present for sale 7006 S. Cregier Avenue, an eleven-unit multifamily property in Chicago's prestigious Jackson Park Highlands landmark district, seven miles south of the Loop. The building is 100% occupied with eleven one-bedroom, one-bathroom units across three floors. Current rents are running 12–13% below market, presenting a clear and immediate path to increased NOI through organic lease-up as units turn — no renovations required, no tenants to displace. The property has undergone significant capital improvements, including new through-wall AC units, copper re-piping, replacement of the electrical panel to current Chicago code, a silver-coated roof, and internet-enabled security cameras. Amenities include building-owned on-site laundry, a gated parking lot — rare for a building of this type and currently unmonetized — and a fenced rear dog park with custom drainage. Entirely electric with no gas utility exposure. The neighborhood is a direct beneficiary of several major catalysts: the Obama Presidential Center under construction at nearby Jackson Park, the redesigned Jackson Park Golf Course, Quantum Shore Development, Thrive Exchange, and Regal Mile Studios — all driving sustained demand and long-term appreciation on Chicago's South Side.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

11

PRICE/UNIT

$95,455

CAP RATE

8.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RT-4

APN/PARCEL ID

20-24-325-019-0000

ASK ABOUT THIS PROPERTY

Matthew NeistatJameson Commercial Real EstateMore Info
847-714-2913

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Matthew NeistatJameson Commercial Real EstateMore Info
847-714-2913

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.