$497,500
$3K PRICE DROP

735 E 88th St Chicago, IL 60619

Chatham Neighborhood

Estimated payment $3,062/month

Total Views 7,114
-- Bed
-- Bath
4,236 Sq Ft
$117 Price per Sq Ft

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.

Listing Agent

Gene Hart

33 Realty License #475149185 Listed on: 10/16/2025

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,902

Year Built

Built in 1897

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1897
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Condominium, Multi-Family
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • Frontage Type: City Street
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Electric: Fuses
  • Heat/Ventilation: Central Bldg Heat,Hot Water

Condo/Co-op/Association

  • Manager Expense: 4446
  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 720
  • Water Sewer Expenses: 4200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 4500
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 4236

Multi Family

  • Net Operating Income: 61392
  • Fuel Expense: 4800
  • Insurance Expense: 3600
  • ElectricExpense: 1000
  • GrossIncome: 93600
  • Maintenance Expense: 3600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 31128
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 4902
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

Property History

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)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12486593

Midwest Real Estate Data (MRED)

APN: 25032110120000

Illinois Cook County Chicago 60619 Chatham

735 E 88th St, Chicago, IL

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.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Gene Hart
Listing Agent
Gene Hart
Section Image
33 Realty
(312) 596-1387
Your Personal Tour Guide

Ask me questions while you tour the home.