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Listing provided courtesy of 33 RealtyMREDas Distributed by MLSGrid- MLS# 12486593MLS Provider

735 E 88TH StreetChicago, IL 60619

Commercial · 1 Bed · 4,236 Sq. ft.
$497,500 Active

735 E 88TH Street Overview

Time on Site:
256 days
Visits:
1

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.

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735 E 88TH Street Facts & Features

  • Type Commercial
  • Sq. ft. 4,236
  • Price/Sq.ft. $117

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 1000
  • Fuel Expense: 4800
  • Gross Income: 93600
  • Gross Scheduled Income: 97200
  • Insurance Expense: 3600
  • Maintenance Expense: 3600
  • Net Operating Income: 61392
  • Operating Expense: 31128
  • Trash Expense: 720
  • Water Sewer Expense: 4200

Building Information

  • Year Built: 1897

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Chatham
  • Township: South Chicago

Rent/Lease Information

  • Tenant Pays: Electricity, Other

Tax Information

  • Tax Annual Amount: $4,902.00
  • Tax Year: 2024

General Information

  • Parcel Number: 25032110120000
  • Possible Use: Condominium,Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 4236

General Information

  • Electric: Fuses
  • Foundation Details: Block
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 4500

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

735 E 88TH Street Neighborhood

Community

60619 (Chicago) Demographics

42
Median Age
10,192
Population Density (per sq. mile)
35%
College Educated
$40,762
Estimated Median Income
12,181
Estimated Total Home Owners
15,093
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

735 E 88TH Street Monthly Cost

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$ %
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$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

735 E 88TH Street Market Data

Based on the last 30 days in this zip code

$215,577
Average List Price
$140
Average Price per Square Foot
34
Properties Sold
82
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

735 E 88TH Street History

Date Event Value Agent
4/21/2026Source: MRED Status Change
Active
4/16/2026Source: MRED Price Reduction
$497,500 -0.1%
4/16/2026Source: MRED Status Change
Price Change
3/4/2026Source: MRED Status Change
Active
2/27/2026Source: MRED Price Reduction
$498,000 -0.1%
2/27/2026Source: MRED Status Change
Price Change
1/21/2026Source: MRED Status Change
Active
1/16/2026Source: MRED Price Reduction
$498,500 -0.1%
1/16/2026Source: MRED Status Change
Price Change
11/16/2025Source: MRED Status Change
Active
11/11/2025Source: MRED Price Reduction
$499,000 -0.1%
11/11/2025Source: MRED Status Change
Price Change
11/9/2025Source: MRED Status Change
Active
11/3/2025Source: MRED Price Reduction
$499,500 -0.1%
11/3/2025Source: MRED Status Change
Price Change
10/22/2025Source: MRED Status Change
Active
10/16/2025Source: MRED Added to Database
October 16, 2025