$497,500

735 E 88TH Street, Chicago, IL 60619

4,236 sqft

Commercial Property
Built in 1897
—— sqft lot
—— car garage
$117/sqft
Listed 7 months ago

Property Description

OWNER FINANCING POTENTIALLY AVAILABLE - SUBJECT TO TERMS AND STRUCTURE. We are pleased to present for sale 735 E 88th, a six-unit multi-family investment property in the Chatham neighborhood of Chicago. The property is composed of six four-room 1-Bed/1-Bath apartments and a three-car garage that features updated electric, updated rear porch, central boiler heat (~8 years old), common hot water, newer windows, hardwood floors throughout, multiple units with updated kitchen and baths, and is located in a low-density pocket of south Chatham. 735 E 88th provides an excellent opportunity for an investor to re-lease the property to local subsidies that are currently offering 1300 to 1400 for one-bedroom residences with heat and hot water included. Upon stabilization, 735 E 88th has the potential to realize a 10-12 annual capitalization rate.

Listing Status:: Active
Data Last Updated:: May 22, 2026 at 1:20PM
Listing Office:: 33 Realty : 219-465-8584
Listing Agent:: Thomas Hart : 219-465-8584
MLS ID:: 12486593

General: Block

Road/Access: City Street
Originating MLS: mred
County: Cook

Zoning: MULTI25032110120000
Current Use: Multi-Family

Utilities: Fuses

Source: mred

This listing courtesy of Thomas Hart , 33 Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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