735 East 88th Street Chicago, IL 60619
Six-unit multifamily property in Chatham neighborhood with value-add potential.
Type:Multi Family 5+ / Corridor-Exterior Entrance
- Added:
- Sep 16, 2025
- Days on Market:
- 212
- Last Refresh:
- Mar 13 at 2:43 pm
Property Features for 735 East 88th Street
General Information
- Standard status
- Active
- Property subtype
- Multi Family 5+ / Corridor-Exterior Entrance
Building Details
- Year Built
- 1897
Listing agent Thomas Hart License #475149185 (219) 465-8584
Listing office 33 Realty (219) 465-8584
Listing date Sep 16, 2025
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of 33 Realty
Overview
Chatham Six-Unit Multifamily Investment Property
Located in the Chatham neighborhood of Chicago, 735 E 88th Street is a six-unit multifamily investment property. The building comprises six apartments, each featuring four rooms with one bedroom and one bathroom. A three-car garage is also included. The property benefits from updated electric, an updated rear porch, and newer windows. Central boiler heat, approximately 8 years old, provides heat, and common hot water is available. Hardwood floors are present throughout the building. Multiple units feature updated kitchens and bathrooms. 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, potentially achieving a 10-12 annual capitalization rate upon stabilization.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.605763
- Latitude
- 41.7345554
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Chatham neighborhood with value-add potential.
Where is this apartment building located?
The property is located at 735 East 88th Street 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: Six‑unit multi‑family investment property in Chicago's Chatham neighborhood.; Potential for a 10‑12% annual capitalization rate upon stabilization.; Opportunity to re‑lease to local subsidies offering $1300-$1400 for 1‑bed units with heat and hot water included.
