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735 E 88th St
Multi-Family
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$497,500

735 E 88th St, Chicago

58% below median
6 bd·6 ba·0 sqft
Built 1897Chatham

735 E 88th St, Chicago, IL

6 bd · 6 ba · 0 sqft Multi-Family listed at $497,500, built in 1897 in the Chatham neighborhood.

About this home

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.

Property details

Price
$497,500
Bedrooms
6
Bathrooms
6
Year built
1897
Type
Multi-Family
Days on market
191
Est. property tax
$10,348/yr · $862/mo · 2.08% IL avg
Last sold
$220,000 · May 2005

Estimated monthly payment

Down payment20% ($99,500)
Interest rate6.75%
Principal & Interest$2,581
Property Tax$456
Insurance$150
Total$3,187/mo

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Price history

▼ 0.1%Most recent change on 2026-04-17: $498,000 → $497,500.

$532K$338K$143K$176K on Feb 00 (Sold)$220K on May 05 (Sold)$365K on Mar 07 (Initial list)$365K on Aug 07 (Price change)$500K on Oct 25 (Initial list)$500K on Nov 25 (Price change)$499K on Nov 25 (Price change)$499K on Jan 26 (Price change)$498K on Feb 26 (Price change)$498K on Apr 26 (Price change)
$176K · Feb 00$498K · Apr 26
  1. Apr 17, 2026$497,500Price change
  2. Feb 27, 2026$498,000Price change
  3. Jan 16, 2026$498,500Price change
  4. Nov 12, 2025$499,000Price change
  5. Nov 4, 2025$499,500Price change
  6. Oct 17, 2025$500,000Initial list price
  7. Aug 16, 2007$365,000Price change
  8. Mar 20, 2007$365,000Initial list price
  9. May 27, 2005$220,000Sold
  10. Feb 18, 2000$175,500Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 735 E 88th St, Chicago
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Home Intelligence

Neighborhood (zip 60619)

Median age is 41.3; 17% hold a bachelor's degree; 44% of homes are owner-occupied; median household income is $42,802.

Median income
$42,802
Median age
41.3
Owner-occupied
43.6%
Bachelor's degree
17.4%
Census median home value
$196,600

Source: US Census Bureau American Community Survey 5-year estimates.

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