735 E 88th St
Property Description
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.
Broker Details
33 Realty (773) 327-4975
MLS ID: 186526 State License Number: 475149185
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $497,500 |
| No. of Units: | 6 |
| Average Occupancy: | 6.95 |
| Year Built: | 1899 |
| Lot Size: | 0.10 Acres |
| Opportunity Zone: | No |
| Price per unit: | $82,917 |
| Property Website | Click Here |
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