735 E 88TH Street
Chicago, IL, 60619
$500,000
1 Beds
1 Baths
0 SqFt
0 Acres
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$500,000
735 E 88TH Street
Chicago, IL, 60619
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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.

Property Details

Price:
$500,000
MLS #:
MRD12486593
Status:
Active
Beds:
1
Baths:
1
Type:
Commercial
Neighborhood:
chichatham
Listed Date:
Oct 17, 2025
Total Sq Ft:
4,236
Year Built:
1897
Chi – ChathamChichatham

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Maintenance Fee
$3,600
Net Operating Income
$58,794
Tax Year
2023
Taxes
$2,743
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1,123
Commercial Listed
161
Avg DOM
151
Avg $ / SqFt
$1,043,257
Avg List Price

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Property Summary

    735 E 88TH Street Chicago IL is a Commercial for sale in Chicago, IL, 60619. It is listed for $500,000 To schedule a showing of MLS#mrd12486593 at 735 E 88TH Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
735 E 88TH Street
Chicago, IL