$494,000 Sale

Listed 5 hours ago

735 E 88TH Street IL

MLS® 12783826 Multi Family 5+

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Beds · 0

Baths · 0

Parking · -

Sqft · -

Est. mortgage

$1,874/mo

Property Taxes

$4,902/yr

Association Fee

$0.00/mo

Key Facts

Key facts for 735 E 88TH Street IL

Property Type

Commercial

Parking

MLS #

12783826

Size

Basement

Listed on

Lot size

Tax

$4,902 /yr

Days on Market

Year Built

1897

Maintenance Fee

Description

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.

Full Property Details

Interior

Washrooms

Heating Source

Central Bldg Heat,Hot Water

Heating Type

Central Bldg Heat,Hot Water

Air Conditioning

Window Unit(s)

Washrooms

Heating Source

Central Bldg Heat,Hot Water

Heating Type

Central Bldg Heat,Hot Water

Air Conditioning

Window Unit(s)

Exterior

Lot Dimensions

4500

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

MULTI

Lot Dimensions

4500

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

MULTI

Building Description

Property Type

Commercial Sale

Home Type

Commercial

Subtype

Multi Family 5+

Year Built

1897

Roof Type

Flat

New Construction

Foundation

Block

Construction Materials

Brick

Property Type

Commercial Sale

Home Type

Commercial

Subtype

Multi Family 5+

Year Built

1897

Roof Type

Flat

New Construction

Foundation

Block

Construction Materials

Brick

Community

County

Cook

County

Cook

Taxes & Fees

Taxes

$4,902 /yr

Tax Year

2024

HOA Fee

$0.00 /mo

Taxes

$4,902 /yr

Tax Year

2024

HOA Fee

$0.00 /mo

Other

Directions

ONE BLOCK WEST OF COTTAGE GROVE

Directions

ONE BLOCK WEST OF COTTAGE GROVE

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Grant Alexander

Email: [email protected] Cell: 708-573-0474