735 E 88th Street,Chicago, IL 60619
Chicago, IL 60619
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.
Details
| MLS # | 12486593 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1897 |
| Days On Site | 312 |
| Listing Provided By | 33 Realty | Thomas Hart |
Features
| SQ Feet | 4,236 |
|---|---|
| Story(s) | 3 |
| Units | 6 |
| Zoning | MULTI |
| Acreage | 4500.00 |
Exterior
| Foundation Details | Block |
|---|---|
| Construction Materials | Brick |
Utilities
| Electric | Fuses |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 4902 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60619 |
| Area | CHI Chatham |
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60619 |
| Area | CHI Chatham |