For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Chatham Multi-Family Investment Opportunity Title is generated by Realmo AI

    735 E 88TH Street, Chicago, IL 60619

    View on Map
    Claim this Listing
    For Sale
    $497,500

    MULTI_FAMILY - Chicago, IL

    Added:
    Oct 16, 2025
    Days on Market:
    240
    Last Refresh:
    Jun 12 at 6:06 am

    Property Features for 735 E 88TH Street

    General Information

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

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4902

    Building Details

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

    We can help!

    Listing Contact
    Thomas Hart

    Listing agent Thomas Hart License #475149185

    Listing office 33 Realty 357 W. Chicago Ave., Chicago, IL

    Listing date Oct 16, 2025

    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.

    HighLights

    • High Potential Return: Opportunity to realize a 10‑12% annual capitalization rate upon stabilization.
    • Strong Rental Income Potential: Ability to re‑lease to local subsidies at $1300-$1400 per unit (heat and hot water included).
    • Updated Features: Includes updated electric, updated rear porch, newer windows, and multiple units with updated kitchens and baths.
    • Owner Financing: Owner financing potentially available (subject to terms and structure).
    • Six Units: Multi‑family investment property with six 1‑Bed/1‑Bath apartments.
    • Updated Central Boiler: Central boiler heat is approximately 8 years old.

    Overview

    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, one-bedroom, one-bathroom apartments. A three-car garage is also included. The property features updated electric, an updated rear porch, a central boiler for heat that is approximately 8 years old, and a common hot water system. Newer windows and hardwood floors are present throughout the building. Multiple units have updated kitchens and bathrooms. The property is situated in a low-density area of south Chatham. The property offers an opportunity to re-lease to local subsidies, which are currently 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 Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    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 property in Chicago's Chatham neighborhood with income potential.
    Where is this apartment building located?
    The property is located at 735 E 88TH Street Chicago, IL.
    What is the asking price?
    The asking price for this property is $497,500.
    What are key features of this property?
    This property features: High Potential Return: Opportunity to realize a 10‑12% annual capitalization rate upon stabilization.; Strong Rental Income Potential: Ability to re‑lease to local subsidies at $1300-$1400 per unit (heat and hot water included).; Updated Features: Includes updated electric, updated rear porch, newer windows, and multiple units with updated kitchens and baths.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message