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    735 E 88Th St Chicago, IL 60619

    For Sale
    $499,000

    Commercial Sale - Chicago, IL

    Property size:
    4,236 SF
    Days on Market:
    30
    Last Refresh:
    Dec 10 at 4:06 pm

    Property Features for 735 E 88Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    25032110120000
    Size
    4,236 SF

    Building Details

    Year built
    1897
    Number of units
    6
    Architectural style
    Other

    33 Realty (773) 327-4975 [email protected]

    Listing agent Thomas Hart (773) 327-4975 License #475149185

    Listing date Nov 11, 2025

    MLS# 12486593 Listing URL

    Copyright © 2025 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.

    Overview

    Chatham Multifamily Investment Opportunity

    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, and a central boiler heat system that is approximately 8 years old. Common hot water and newer windows are installed. Hardwood floors are present throughout the building. Multiple units feature updated kitchens and baths. The property is situated in a low-density pocket of south Chatham. The property size is 4,236 square feet. This property offers an opportunity for an investor to re-lease to local subsidies, with potential to realize a 10-12 annual capitalization rate upon stabilization.
    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
    -87.605763
    Latitude
    41.7345554

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    FAQs

    What type of property is this?
    Apartment building - Six-unit building 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 $499,000.
    What are key features of this property?
    This property features: - Six-unit multi-family investment property with all 1-Bed/1-Bath apartments.; - Potential for a **10-12% annual capitalization rate upon stabilization.**; - Opportunity to re-lease to local subsidies offering $1300-$1400 for one-bedroom units with heat and hot water included.
    (773) 327-4975
    Request Owner's contact information
    735 E 88Th St Chicago, IL 60619
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    Chicago, IL 60619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    735 E 88Th St Chicago, IL 60619
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