This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/27
$498,500 -$500 (-0.1%) Price Reduced
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/27
Property 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 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.
Full Property Details
Full Property Details for 735 E 88th St
General
- Price: $498,500
- HOA FEE: $3,600
- Taxes: $2,743 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12486593
- Updated: 1/16/2026
- Added to Site: 92 day(s) ago
Location
- Area: CHI - Chatham
- County: Cook
- Township: South Chicago
- Driving Directions: ONE BLOCK WEST OF COTTAGE GROVE
Heating & Cooling
- Heating Type: Central Building Heat, Hot Water
Utilities
- Trash: 720
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Block
- Stories/Levels: 3
- Square Feet: 4,236
- Current Bldg. Use: Multi-Family
- Year Built: 1897
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Dimensions: 4500
- Frontage: City Street
- Potential Use: Condominium, Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $3,600
- Insurance Fee: $3,600
- Operating Expenses: $33,726
- Assessment Year: 1897
- Tax Amount: $2,743
- Tax Year: 2023
- Tenant Pays: Electricity, Other
- Pays Electric: 1000
- Pays Trash: 720
Disclosures and Reports
- Property ID: 25032110120000
Listed by 33 Realty
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 735 E 88th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Pirie Elementary Fine Arts & Academic C 650 East 85th Street, Chicago, IL 60619 | K-6 | 0.4 mi |
Dixon Elementary School, Chicago, IL 8306 South Saint Lawrence Avenue, Chicago, IL 60619 | 7-8 | 0.7 mi |
Harlan Community Academy High School 9652 South Michigan Avenue, Chicago, IL 60628 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 735 E 88th St
Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$498,500
-0.1%
MLS
11/12/2025
Price Reduced
$499,000
-0.1%
MLS
11/10/2025
Price Reduced
$499,500
-0.1%
MLS
10/16/2025
Listed
$500,000
127.27%
MLS
3/30/2005
Sold
$220,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 735 E 88th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,743
3%
$13,000
—
2022
$2,674
2%
$13,000
—
2021
$2,614
-30%
$13,000
-22%
2020
$3,718
-2%
$16,692
-12%
2019
$3,811
2%
$18,969
—
2018
$3,747
-13%
$18,969
-5%
2017
$4,316
7%
$20,050
—
2016
$4,016
9%
$20,050
—
2015
$3,674
26%
$20,050
28%
2014
$2,917
2%
$15,720
—
2013
$2,859
1%
$15,720
—
2012
$2,821
—
$15,720
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 735 E 88th St
735 E 88th Street, Chicago, IL 60619 (MLS# 12486593) is a Commercial property. 735 E 88th Street is currently listed for $498,500 and was received on October 16, 2025. Want to learn more about 735 E 88th Street? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

