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About This Home
This 11-bedroom, 11-bathroom residential multi family at 7006 S Cregier Avenue in Chicago, IL is listed for $1,050,000. Built in 1961, on a N/A lot.
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.
Key Features
- Built in 1961
- 3 stories
Property Details
Monthly Cost Estimate
$5,616/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7006 S Cregier Avenue
Chicago, IL 60649
Property Details
Construction
Questions & Answers
This 11-bedroom, 11-bathroom residential multi family at 7006 S Cregier Avenue is listed at $1,050,000. The estimated monthly payment is $4,550 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 3 stories.
This property is listed by Matthew Neistat and can be reached at (312) 335-3291 or matt@theneistatgroup.com.