735 E 88TH Street Chicago, IL ^$ 499,000

735 E 88TH Street

^$ 499,000

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735 E 88TH Street

Chicago, IL, 60619

^$ 499,000

Bedrooms1 Baths0.0 Sq 4,236

Monthly Estimate*

^$ 3,113

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Multi-Family Home for sale in Chicago, IL

for $499,000 with 1 bedroom. This 4,236 square foot home was built in 1897.

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.

Multi-Family Active

Price

^$ 499,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 2,743

Style

Multi-Family

Year Built

1897

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12486593

Features

General

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1897

Electric Fuses

Tenant Pays Electricity Other

Stories Count 3

Township South Chicago

Tax Year 2023

Current Use Multi-Family

Gross Income 93600

County Cook

Net Operating Income 58794

Operating Expense 33726

Insurance Expense 3600

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 3600

Possible Use Condominium Multi-Family

Status Active

Directions ONE BLOCK WEST OF COTTAGE GROVE

City Chicago

Number Of Units Total 6

MLS Area CHI - Chatham

Tax Annual Amount 2743

Electric Expense 1000

Fuel Expense 4800

Trash Expense 720

Water Sewer Expense 4200

Additional Parcels Y/N N

Standard Status Active

Cap Rate 11.8

Exterior

Foundation Details Block

Building Area Total 4236

Lot Dimensions 4500

Frontage Type City Street

* Excluded Features

List By

33 Realty

Broker

gene.hart@33realty.com

Affordability Calculator

$3,342

Per Month

Monthly Principal & Interest: $3,113
Monthly Property Taxes: $229
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$616,552

Percent of Sale Price 24%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/12/2025	$499,000	-0.10%	Price Down
11/4/2025	$499,500	-0.10%	Price Down
10/17/2025	$500,000		Listed Price

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735 E 88TH Street, Chicago, IL, 60619 is a Multi-Family Home for sale at $499,000 with 4,236 sqft. 735 E 88TH Street has 1 bedrooms, 0.0 baths, and was built in 1897. The property's zip code is 60619 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/18/2025.

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735 E 88TH Street

Multi-Family Home for sale in Chicago, IL

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