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735 E 88th Street Chicago, IL 60619

$498,000
Active / MLS# 12486593 / Multi Unit - Multiple / Chicago
0 Beds
4236 SqFt

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.

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Baird & Warner Nicole Boston Agent Cell: 847.878.0235 Email

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Estimated Payment

$ 1,480.50 per month $1,106.67 Principal & Interest $228.58 Property Tax $145.25 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Lot Size: 4,500
Stories: 3.0
Taxes: $2,743
Year Built: 1897

Feature Descriptions

Current Use: Multi-Family
Drains: Balcony/ies
Electric: Fuses
Exterior: Brick
Foundation: Block
Frontage Type: City Street
HVAC: Central Bldg Heat, Hot Water
Lot Dimensions: 4500
Miscellaneous Outdoor: Balcony/ies
Parcel#: 25032110120000
Potential Use: Condominium, Multi-Family
Tenant Pays: Electricity, Other
Units: 6

Location

See details and scored characteristics about this location.

Listing Office: 33 Realty

Listing Office Phone: 773-327-4975



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