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735 E 88Th St Chicago, IL 60619

Sponsored
For Sale
$498,500

MULTI_FAMILY - Chicago, IL

Days on Market:
9
Last Refresh:
Jan 24 at 9:06 pm

Property Features for 735 E 88Th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Zoning
MULTI
Rooms
Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 6
Bedrooms
6
APN
25032110120000

Building Details

Year built
1897
Floors in Building
3
Number of units
6
Building materials
Brick

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Listing Contact
Thomas Hart

33 Realty (773) 327-4975

Listing agent Thomas Hart (219) 465-8584

Listing date Jan 16, 2026

MLS# 12486593 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Chatham Six-Unit Multifamily Investment Property

Located in the Chatham neighborhood of Chicago, 735 E 88th Street is a six-unit multi-family investment property. The building comprises six four-room apartments, each with one bedroom and one bathroom. A three-car garage is included. The property features updated electric, an updated rear porch, a central boiler for heat that is approximately 8 years old, common hot water, and newer windows. Hardwood floors are present throughout the building. Multiple units have updated kitchens and baths. The property is situated in a low-density pocket of south Chatham. This property offers an opportunity for an investor to re-lease to local subsidies, which are reportedly offering $1300 to $1400 for one-bedroom residences with heat and hot water included. Upon stabilization, the property has the potential to realize a 10-12 annual capitalization rate.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.605757
Latitude
41.734548

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property in Chicago's Chatham neighborhood with income potential.
Where is this apartment building located?
The property is located at 735 E 88Th St Chicago, IL.
What is the asking price?
The asking price for this property is $498,500.
What are key features of this property?
This property features: - High potential capitalization rate (10-12%) upon stabilization.; - Opportunity to re-lease to local subsidies at attractive rates ($1300-$1400/month with heat and hot water included).; - Six-unit multi-family property with all 1-Bed/1-Bath apartments.
More about this property
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