735 E 88th Street - Six Unit Multi-Family Investment Opportunity

735 E 88th St, Chicago, IL 60619

Accepting Offers
735 E 88th Street - Six Unit Multi-Family Investment Opportunity735 E 88th Street - Six Unit Multi-Family Investment Opportunity735 E 88th Street - Six Unit Multi-Family Investment Opportunity735 E 88th Street - Six Unit Multi-Family Investment Opportunity
Asking Price

$497,500

735 E 88th Street - Six Unit Multi-Family Investment Opportunity

735 E 88th St, Chicago, IL 60619

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1899

Number of Floors: 3

NOI: 34,587.86

Property Type: Multifamily

Occupancy %: 100

Land Area: 0.1 Acres

Number of Units: 6

Property Size: 4,500 SF

735 E 88th Street - Six Unit Multi-Family Investment Opportunity

33 Realty is 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 and 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.

Sale FAQs

Investment Sales Broker

Gene Hart

Gene Hart

33 Realty

IL License: 475.149185

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXX

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