735 E 88TH Street Chicago, IL 60619
MULTI_FAMILY - Chicago, IL
- Added:
- Oct 16, 2025
- Days on Market:
- 195
- Last Refresh:
- Apr 28 at 1:06 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 4, Bathroom 6, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2
- 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
Listing agent Thomas Hart License #475149185 (773) 327-4975
Listing office 33 Realty 357 W. Chicago Ave., Chicago, IL (773) 327-4975
Listing date Oct 16, 2025
MLS# 12486593
Listing URL
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Overview
Chatham Multi-Family 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, 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
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.605757
- Latitude
- 41.734548
Nearby Similar for Sale
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.
