735 E 88th St Chicago, IL 60619
Chatham NeighborhoodEstimated payment $2,786/month
About This Home
OWNER-FINANCING AVAILABLE. 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
- $2,743
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 $33,726
- Gross Income $93,600
- Net Operating Income $58,794
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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
| Date | Event | Price | List to Sale | Price per 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 743 E 88th St
- 736 E 88th St
- 8825 S Cottage Grove Ave
- 801 E 87th Place Unit 2W
- 822 E 87th Place
- 840 E 89th St
- 726 E 89th Place
- 8922 S Cottage Grove Ave
- 824 E 89th Place
- 609 E 88th Place
- 602 E 88th Place
- 8624 S Maryland Ave
- 642 E 90th St
- 838 E 90th St
- 612 E 90th St
- 820 E 90th Place
- 547 E 89th Place
- 624 E 90th Place
- 8536 S Maryland Ave
- 645 E 90th Place
- 820 E 89th Place Unit 2
- 8642 S Maryland Ave
- 8900 S Dauphin Ave
- 909 E 85th St Unit 1
- 705 E 92nd St
- 8416 S Cottage Grove Ave
- 544 E 92nd Place Unit SI ID1306077P
- 8328 S Ingleside Ave Unit 3
- 9219 S Greenwood Ave Unit 1
- 8241 S Maryland Ave Unit 3
- 8251 S Ellis Ave
- 8300 S Vernon Ave Unit 2E
- 8200 S Evans Ave
- 653 E 82nd St Unit 1W
- 655 E 82nd St Unit 2
- 655 E 82nd St Unit 3
- 8723 S Michigan Ave
- 8221 S Eberhart Ave Unit 3
- 8212 S Dobson Ave
- 8209 S Ellis Ave
Ask me questions while you tour the home.