735 E 88th St

Chicago, IL 60619

$499,000
Price
6
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with garden
a front view of a house with a yard
a view of a house with a yard
a kitchen with a refrigerator sink and cabinets
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a bathroom with a toilet sink a mirror a vanity and shower
a room with furniture and wooden floor
a cat sitting on a bed in a room
a living room with furniture and a window
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a view of a room with workspace and a window
a bed room with a bed and a mirror
a living room with furniture and a table
a white toilet sitting next to a bath tub shower
a living room with furniture
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a bathroom with a toilet and a shower curtain
a view of empty room with wooden floor
a bathroom with a toilet mirror and vanity
a view of a utility room with windows
a view of a brick wall
a view of an outdoor sitting area
a sitting area with furniture and a gate
front view of a house with a yard

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...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.
  1. Listed by Thomas Hart • 33 Realty
    P: (219)-465-8584 C: (219)-465-8584 gene.hart@33realty.com

Property Details for 735 East 88th Street

Area
CHI - Chatham
Township
South Chicago
Zoning
MULTI
LISTING UPDATED: 11/17/2025 12:06 AM

Property Details for 735 East 88th Street

StatusActive
MLS #12486593
Days on Market111
Taxes$2,743 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1897
Lot Size0.10 AC / 4,500 SF
CountyCook County

Location

Listing Courtesy of 33 Realty
Add your commute

Building Information for 735 East 88th Street

Stories3Residences6Year Built1897Building Size-Lot Size0.10 AC / 4,500 SF

Payment Calculator

$2,694 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,466

Property Taxes

$229

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 735 East 88th Street

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Fuses
  • Heat/Ventilation: Central Bldg Heat,Hot Water
  • # Of Refrigerators: 6
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Balcony/ies
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Size Source: County Records
  • Lot Dimensions: 4500
  • Stories: 3
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Block
  • Building Area Total: 4236
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Condominium, Multi-Family
  • Public Document Count: 1
  • Document Date: 2025-10-03T03:24:51
  • Photos Count: 27
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,000.00
  • Fuel Expense: $4,800.00
  • Gross Income: $93,600.00
  • Gross Scheduled Income: $97,200.00
  • Insurance Expense: $3,600.00
  • Maintenance Expense: $3,600.00
  • Manager Expense: $4,446.00
  • Electric Expense Source: Broker Projection
  • Known Encumbrances: None Known
  • Expense Year: 2025
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 1080
  • Manager Expense Source: BP
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 7800
  • Water Expense Source: Broker Projection
  • Net Operating Income: $58,794.00
  • Operating Expense: $33,726.00
  • Other Expense: $.00
  • Trash Expense: $720.00
  • Water Sewer Expense: $4,200.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 735 East 88th Street

DateEvent & SourcePriceAppreciation
Nov 11, 2025

Price Change

MRED #12486593

$499,000—
Nov 4, 2025

Price Change

MRED #12486593

$499,500—
Oct 16, 2025

Listed (Active)

MRED #12486593

$500,000—
Aug 16, 2007

Cancelled

MRED #06447068

$365,000—
Mar 20, 2007

Listed (Active)

MRED #06447068

$375,000—
May 27, 2005

Sold (Public Record)

Public Record #158858191

$220,000—
DateEvent & SourcePrice
11/11/2025

Price Change

MRED #12486593

$499,000
11/04/2025

Price Change

MRED #12486593

$499,500
10/16/2025

Listed (Active)

MRED #12486593

$500,000
08/16/2007

Cancelled

MRED #06447068

$365,000
03/20/2007

Listed (Active)

MRED #06447068

$375,000
05/27/2005

Sold (Public Record)

Public Record #158858191

$220,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 735 East 88th Street

Taxable ValueLand$5,625Additions$7,375Total$13,000
Tax Record2023$2,743 ($229 / month)
Home Facts
Baths3Total Finished SqFt4,236 SqFtAbove Grade Finished SqFt4,236 SqFtStories3Lot Size4,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1899CountyCOOKAPN25-03-211-012

Schools near 735 East 88th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Pirie Elementary Fine Arts & Academic C
Public - PK to 6
Dixon Elementary School
Public - PK to 8
Harlan Community Academy High School
Public - 9 to 12
YCCS Charter - Chatham Academy High School
Charter - 9 to 12
Rating
School
Distance
Pirie Elementary Fine Arts & Academic C
PublicPK to 6

Dixon Elementary School
PublicPK to 8

Harlan Community Academy High School
Public9 to 12

YCCS Charter - Chatham Academy High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 735 East 88th Street, Chicago, IL 60619

735 East 88th Street is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on October 16, 2025 by 33 Realty, it's currently listed at $499,000. It has been on the market for a total of 111 days and was last sold on May 27, 2005. This listing's school district is Chicago Public Schools. Nearby schools include Pirie Elementary Fine Arts & Academic C, Dixon Elementary School and Harlan Community Academy High School. 735 East 88th Street is a 6-bed, 6-bath, multi-family home built in 1897.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 33 Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/17/2025 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.