735 E 88TH Street
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.
- Subway 800 ft
- Fatburger 850 ft
- Licorice Lounge 0.2 mi
- Reggio's Pizza 0.3 mi
- Red Pepper's Masquerade 0.4 mi
- Church's Chicken 0.4 mi
- Citgo 650 ft
- Clark's Pump-N-Shop 0.8 mi
- Citgo 0.9 mi
- Paradise Grocery 0.9 mi
- BP Shop 0.9 mi
- Shell 0.9 mi
- Sidney Brown Memorial Park 0.3 mi
- Tuley Park 0.4 mi
- Nat King Cole Park 0.6 mi
- Avalon Park 0.7 mi
- Burnside Park 0.8 mi
- Park 587 0.9 mi
- Dunkin' 0.4 mi
- Mather’s More Than a Cafe 1.1 mi
- Dunkin' 1.1 mi
- Dunkin' 1.2 mi
- Starbucks 1.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12486593