BEDS0
BATHS
MLS#12599733
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall Sleeve
Lot Size: 50' X 163'
Stories: 3.0
Taxes: $10,762
Year Built: 1961
Feature Descriptions
Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick
Frontage Type: City Street
HVAC: Electric
Location: In City Limits
Lot Dimensions: 50' X 163'
Miscellaneous Indoor: Accessible Entrance, Storage Inside, Laundry Room
Parcel#: 20243250190000
Parking: 6-12 Spaces
Potential Use: Condominium, Multi-Family
Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water, All Utilities
Units: 11
Utilities: Sewer Connected, Water Available, Cable Available
Listed By / Shown By
Listed By
Agency Name: Jameson Sotheby's Intl Realty
Agency Phone: 312-751-0300
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 3,539.93 per month $2,336.84 Principal & Interest $896.83 Property Tax $306.25 Homeowner's InsuranceChange Payment Information
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7006 S Cregier Avenue | MLS# 12599733
This multi-family property located at 7006 S Cregier Avenue, Chicago, IL 60649 is currently listed for sale with an asking price of $1,050,000. Search Chicago real estate on www.bhhscrosby.com today.