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$1,050,000

  • For Sale
  • Active
  • Commercial
  • Updated 5 days ago
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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.

Full Property Details for 7006 S Cregier Ave

General

  • Price: $1,050,000
  • HOA FEE: $5,500
  • Taxes: $10,762 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12599733
  • Updated: 3/29/2026
  • Added to Site: 12 day(s) ago

Interior

  • Basement: Finished, E
  • Interior Features: Accessible Entrance, Storage Inside, Laundry Room

Location

  • Area: CHI - South Shore
  • County: Cook
  • Driving 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.
  • Location Details: In City Limits

Heating & Cooling

  • Cooling Type: Wall Sleeve
  • Heating Type: Electric

Utilities

  • Water: Community Water
  • Trash: 3156
  • Onsite: Sewer Connected, Water Available, Cable Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Exterior Entry, Walk-Up Access
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1961
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 11
  • Units w/Range/Oven: 11

Lot Features

  • Lot Dimensions: 50' x 163'
  • Frontage: City Street
  • Potential Use: Condominium, Multi-Family
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $5,500
  • Insurance Fee: $3,612
  • Operating Expenses: $44,244
  • Other Fee: $5,290
  • Assessment Year: 1961
  • Tax Amount: $10,762
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water, All Utilities
  • Pays Electric: 2098
  • Pays Trash: 3156

Disclosures and Reports

  • Property ID: 20243250190000

Listed by Jameson Sotheby's Intl Realty

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Listing agent

— 7006 S Cregier Ave —

  • Jameson Sotheby's Intl Realty

(847) 714-2913

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 7006 S Cregier Ave

School District:Chicago Public School District 299
NameGradesDistance
Parkside Elementary Community Academy
6938 South East End Avenue, Chicago, IL 60649
PK-80.1 mi
Hyde Park Academy High School
6220 South Stony Island Avenue, Chicago, IL 60637
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7006 S Cregier Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$1,050,000
22.81%
MLS
10/30/2020
Sold
$855,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7006 S Cregier Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,245
3%
$34,214
—
2022
$7,037
2%
$34,214
—
2021
$6,880
-34%
$34,214
-27%
2020
$10,418
11%
$46,767
—
2019
$9,396
2%
$46,767
—
2018
$9,238
-6%
$46,767
3%
2017
$9,787
7%
$45,465
—
2016
$9,106
9%
$45,465
—
2015
$8,331
2%
$45,465
3%
2014
$8,162
2%
$43,989
—
2013
$8,000
1%
$43,989
—
2012
$7,894
—
$43,989
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 7006 S Cregier Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Jameson Sotheby's Intl Realty

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7006 S Cregier Avenue, Chicago, IL 60649 (MLS# 12599733) is a Commercial property. 7006 S Cregier Avenue is currently listed for $1,050,000 and was received on March 23, 2026. Want to learn more about 7006 S Cregier Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

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