735 E 88TH Street, Chicago, IL 60619

• 4,236 sqft

Property Description

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 Status:

Active

Listing Office:

33 Realty : 219-465-8584

Listing Agent:

Thomas Hart : 219-465-8584

MLS ID:

12486593

Construction

• General: Block

Location

• Road/Access: City Street
• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI25032110120000
• Current Use: Multi-Family

Utilities

• Utilities: Fuses

Financial

• Source: mred

This listing courtesy of Thomas Hart, 33 Realty