7006 S Cregier 11 Unit Apartment Building $1,450,260 CAD ($131,842 CAD/Unit) 8.59% Cap Rate Chicago, IL 60649

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.