Chatham Six-Unit Multifamily Investment
735 East 88th Street Chicago, IL 60619
For Sale
$497,500
Six-unit multifamily property in Chatham neighborhood with value-add potential.
Days on Market412
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 Agency:
33 Realty
(219) 465-8584
Listed By:
Thomas Hart · License #475149185
(219) 465-8584
Source:
Compass
Added: Jun 11, 2025
Changed: Jul 10
Last Checked: Jul 26 at 12:12PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 $497,500.
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.
