Nano-crystalline chromium doped cobalt ferrite powders have been synthesized by PEG assisted hydrothermal route. The structural, morphological and magnetic properties of the products were determined by X-ray diffraction (XRD), scanning electron microscopy (SEM), energy-dispersive X-ray (EDX) spectroscopy and vibrating sample magnetometer (VSM). X-ray analysis showed that the samples were cubic spinel. SEM images reveal that the samples' surfaces exhibit well-defined crystalline nanoparticles of spherical shapes with small agglomeration. The addition of Cr 3+ ions caused a decrease in the average crystallite size, magnetization and the coercive field of the sample. The observed decreases in saturation magnetization and coercivity are explained on the bases of exchange interactions.