735 E 88TH ST, Chicago, IL 60619
735 E 88TH ST, Chicago, IL 60619
735 E 88TH ST, Chicago, IL 60619
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Sara Macak

Sara Macak

+1(630) 207-6658
$497,500
Est. payment /mo
4,236 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 4,236 sqft

Price per Sqft $117

MLS Listing ID 12486593

Maintenance Fees $3,600

Year Built 1897

Annual Tax Amount $4,902

Tax Year 2024

Lot Dimensions 4500

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Cook

Area Chi - Chatham

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
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Listed by Thomas Hart of  33 Realty 
NEARBY SCHOOL & BUSINESS
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Sara Macak

Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658

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735 E 88TH ST

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