About This Home
This 6-bedroom, 6-bathroom residential multi family at 735 E 88TH Street in Chicago, IL is listed for $497,000. Built in 1897, on a N/A lot.
Key Features
- Built in 1897
- 3 stories
Property Details
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, centra
l 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.
Monthly Cost Estimate
$2,658/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
735 E 88TH Street
Chicago, IL 60619
Property Details
Construction
Questions & Answers
This 6-bedroom, 6-bathroom residential multi family at 735 E 88TH Street is listed at $497,000. The estimated monthly payment is $2,658 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1897, 3 stories.
This property is listed by Thomas Hart and can be reached at (773) 327-4975.
