About 735 East 88th Street
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.
Features of 735 East 88th Street
| MLS® # | 12486593 |
|---|---|
| Price | $500,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1897 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
Community Information
| Address | 735 East 88th Street |
|---|---|
| Area | CHI - Chatham |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60619 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Foundation | Block |
Additional Information
| Days on Market | 16 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 33 Realty |
|---|---|
| Contact Info | 773-327-4975 |