7006 S Cregier AVE Chicago, IL 60649

* 9.04% In-Place Cap Rate * Gross Scheduled Income: $119,496 * NOI: $80,496 Kiser Group is pleased to exclusively offer for purchase the sale of 7006 S. Cregier, an eleven (11) unit property in Chicago's majestic Jackson Park Highlands. Located in one of the most sought out pockets just seven (7) miles south of Chicago's downtown, this historic landmark district is known for its collection of model, million dollar homes with picturesque architecture. 7006 S. Cregier features an abundance of high end amenities consistent with the upscale neighborhood. Along with a gated parking lot, the property features a beautiful backyard which tenants are able to access and lounge. Additionally, the property features a unique dog park with a custom drainage system to avoid backup. Recent capital improvements consist of, but not limited to: updated and new laundry room, new individual hot water heaters, internet enabled security cameras, updated AC wall units, tuckpointing, and a newer silver coated roof. 7006 S. Cregier presents an investor a unique opportunity of not only acquiring an asset in one of Chicago's most desirable and appreciating neighborhoods, but also the ability to capitalize on a strong tenant base with an in place cap rate exceeding 9%. Currently, there is a $300 difference in rent from older tenants to newer tenants, and solely by stabilizing the rental rates to the current market rate, there is an opportunity to achieve over an 11% cap rate. With the addition of both the Obama Presidential Library and the newly designed Jackson Park Golf Course, the neighborhood is slated to continue to further appreciate.