735 E 88th St Chicago, IL 60619
Chatham NeighborhoodEstimated payment $3,049/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,902
Year Built
- Built in 1897
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 4,236 Sq Ft Home
- 3-Story Property
- Exterior Basement Entry
Utilities
- Central Heating
- Hot Water Heating System
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,000
- Fuel Expense $4,800
- Insurance Expense $3,600
- Maintenance Expense $3,600
- Manager Expense $4,446
- Trash Expense $720
- Water Sewer Expense $4,200
- Operating Expense $31,128
- Gross Income $93,600
- Net Operating Income $61,392
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,743 | $24,400 | $3,375 | $21,025 |
| 2024 | $2,743 | $24,400 | $3,375 | $21,025 |
| 2023 | $2,674 | $13,000 | $5,625 | $7,375 |
| 2022 | $2,674 | $13,000 | $5,625 | $7,375 |
| 2021 | $2,614 | $13,000 | $5,625 | $7,375 |
| 2020 | $3,718 | $16,692 | $4,050 | $12,642 |
| 2019 | $3,811 | $18,969 | $4,050 | $14,919 |
| 2018 | $3,747 | $18,969 | $4,050 | $14,919 |
| 2017 | $4,316 | $20,050 | $3,600 | $16,450 |
| 2016 | $4,016 | $20,050 | $3,600 | $16,450 |
| 2015 | $3,674 | $20,050 | $3,600 | $16,450 |
| 2014 | $2,917 | $15,720 | $3,150 | $12,570 |
| 2013 | $2,859 | $15,720 | $3,150 | $12,570 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2026 04/17/26 | Price Changed | $497,500 | -0.1% | $117 / Sq Ft |
| 02/27/2026 02/27/26 | Price Changed | $498,000 | -0.1% | $118 / Sq Ft |
| 01/16/2026 01/16/26 | Price Changed | $498,500 | -0.1% | $118 / Sq Ft |
| 11/12/2025 11/12/25 | Price Changed | $499,000 | -0.1% | $118 / Sq Ft |
| 11/04/2025 11/04/25 | Price Changed | $499,500 | -0.1% | $118 / Sq Ft |
| 10/16/2025 10/16/25 | For Sale | $500,000 | -- | $118 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12486593
APN: 25032110120000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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- 618 E 89th St
- 609 E 88th Place
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- 600 E 87th Place
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- 708 E 90th St
- 8624 S Maryland Ave
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- 8620 S Drexel Ave
- 531 E 87th St
- 820 E 90th Place
- 8610 S Ingleside Ave
- 508 E 87th St
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- 8917 S Cottage Grove Ave Unit 3E
- 808 E 89th Place
- 8900 S Dauphin Ave
- 8645 S Drexel Ave Unit G
- 9040 S Dauphin Ave Unit D
- 950 E 86th St Unit 105
- 8503 S Drexel Ave Unit 1E
- 8503 S Drexel Ave Unit 1W
- 8445 S Ingleside Ave
- 705 E 92nd St
- 8416 S Cottage Grove Ave
- 9020 S University Ave
- 8346 S Maryland Ave
- 8346-8348 S Maryland Ave Unit 8346-2
- 8346-8348 S Maryland Ave Unit 8346-3
- 8352 S Ingleside Ave
- 8329 S Ingleside Ave Unit 1
- 8240 S Evans Ave Unit 1
- 8222 S Maryland Ave Unit 3
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