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 Details
Price:
$1,050,000
MLS #:
MRD12599733
Status:
Active
Beds:
1
Baths:
1
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Mar 23, 2026
Year Built:
1961
Schools
Interior
Cooling
Wall Sleeve
Exterior
Construction Materials
Brick
Stories
3
Financial
Maintenance Fee
$5,500
Tax Year
2024
Taxes
$10,762
Contact Us
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7006 S Cregier Avenue
Chicago, IL



