735 East 88th Street, Chicago, IL, 60619

$500,000

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.

Additional Information: This property is located in the CHI - Chatham neighborhood, IL. This 0 bedrooms multi family 5+ property is priced at $500,000.

Facts & Features

MLS® # 12486593
Price $500,000
Bathrooms 0.00
Taxes $2,743
Acres 0.00
Year Built 1897
Type Commercial Sale
Sub-Type Multi Family 5+
Status New

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 2
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $2,743

Listing Details

Office33 Realty
Contact Info773-327-4975

Listing Map

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