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Backup Offers

742 E 88th St, Chicago, IL, 60619

$125,000

Home List Price

$1,484*

Closing Credit

6 Bedrooms
3 Baths
House
Schools Nearby

Location

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742 E 88th St, Chicago$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage2 spaces
Year Built1895
HeatingNatural Gas, Forced Air
WaterfrontFencing
MLS #11942718
Lot Size0.07 Acres
StatusAccepting Backup Offers
(Contingent)

About 742 E 88th St

Welcome to this incredible 2-flat property in the heart of Chatham, offering endless potential for a skilled contractor or handyman! The property has extensive termite damage: under the rear porch, in the support beams in the crawl space, and to the exterior sheathing on the south side of the house behind the kitchens. This property is located in the thriving 60619 zip code, which has seen a remarkable 12% increase in rent over the past year. If you're seeking a project that allows you to put your renovation skills to work, this is the perfect opportunity for you. This property presents an excellent investment prospect for those looking to capitalize on the rental market or individuals who want to live in one unit while renovating the other. Currently, both units are vacant, eagerly awaiting your vision. The first-floor unit showcases a spacious layout, featuring three bedrooms, two bathrooms, a generous living room, and a separate dining area. You'll find that both units have been primed for transformation with modern finishes and an abundance of natural light that permeates throughout. Situated on a generous lot, this property offers a sizable backyard and a two-car garage, providing convenient off-street parking for its future residents. Moreover, its location near public transportation, shopping centers, dining establishments, and entertainment options adds to the overall appeal. Additionally, families will appreciate the property's proximity to excellent schools, making it an ideal choice for those with children. This outstanding handyman special (termite damage in rear and under house) presents an exceptional investment opportunity that should not be overlooked. Don't hesitate to reach out to us today to schedule a showing and discover the untapped potential that awaits with this property.

Property Details

Property Features

Property Information:

  • Year Built: 1895

Listing Office:

  • Office Name: Pearson Realty Group
  • Office Phone: (773) 325-2800
  • Listing Agent: Robert Linn

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Fencing

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Fencing, Sidewalk
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Pirie Fine Arts and Academic Center Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: KING DRIVE NORTH/SOUTH TO 88TH ST EAST TO PROPERTY ADDRESS.

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

Med. Sold Price

$343.3K

Med. Price/SqFt

$245

Avg. Days On Market

47

# of Sold Homes

1333

742 E 88th St vs Chicago

113 DAYS ON ROCKET

+66 Days

$125,000

-$218.3K Less

KEY TAKEAWAY

This property is $218.3K less than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11942718

Listing Office:

  • Office Name: Pearson Realty Group
  • Office Phone: (773) 325-2800
  • Listing Agent: Robert Linn

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/29/2024, 12:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 15, 2017Home Sold
$199,000
Aug 15, 2017Home Sold
$199,000
Feb 14, 2006Home Sold
$140,000
Feb 14, 2006Home Sold
$140,000

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7884318
3
/10
  • Pirie Fine Arts and Academic Center Elementary School

  • 650 E 85th St

  • 0.42 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,383. Residents of Chicago, IL typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Far Southeast Side, Chicago

What are the common housing types in Far Southeast Side, Chicago?

The split between renters and homeowners is about even. Single detached homes are the most common housing type, representing roughly half of dwellings in this community, while small apartment buildings and duplexes are also present in the housing stock. Most of the housing growth in this part of Chicago happened pre-1960. This area also has a good choice of unit sizes - homes range from lofts to four or more bedrooms.

What are the advantages of living in Far Southeast Side, Chicago?

Far Southeast Side offers a calm ambience and will appeal to those who enjoy spending time outdoors. Most areas in this community are quiet, as there isn't a lot of street noise or city clamor - however noise can be bothersome closer to one of the railway lines, Dan Ryan Expressway West Leg or Interstate 94. Lastly, there are over 100 parks nearby for residents to discover, such as Powderhorn Lake Forest Preserve and Veterans Memorial Park, making it easy to get to them.

Are essential services in Far Southeast Side, Chicago convenient?

The nearest supermarket in this part of Chicago is usually only a short walk away. 87th Street is among the best streets for groceries. Likewise, a restaurant is often just around the corner, for instance on 79th Street, and a limited number of coffee shops is available as well. With regards to education, in this part of the city, locals will usually be able to reach primary schools on foot. On the other hand, residents may find it challenging to access high schools on foot. Residents have the choice between public and private schools at both the elementary and secondary school level.

How do Far Southeast Side, Chicago residents get around?

This part of the city will attract property owners that appreciate a variety of means of transportation. Far Southeast Side is a fairly pleasant part of Chicago for pedestrians; many common errands can be run without needing to resort to a car. Owing to 3 rapid transit stations (87th Station, 95th Station and 79th Station) with access to the Red Line, and around 30 nearby bus lines, commuting by public transit is easy in this community. Far Southeast Side is also a very convenient part of Chicago for driving. Coming across a place to park is easy, and many properties for sale are a rather short drive from the closest highway, such as Indiana Tollroad.

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Frequently Asked Questions About 742 E 88th St

What is the listing price of this property?

The listing price of 742 E 88th St property is $125,000.

What type of property is this?

The property 742 E 88th St is a house located in Chicago, Illinois, 60619.

Is this property for sale now?

Accepting Backup Offers: 742 E 88th St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 742 E 88th St are:
Pirie Fine Arts and Academic Center Elementary School: GreatSchools Rating 3/10

When was this property sold last time and for how much?

The last sale was on August 15, 2017 for $199,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 742 E 88th St has 6 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 742 E 88th St is 1895.

Rocket Homes›Illinois›Cook County›Chicago›60619›742 E 88th St

This home is located at 742 E 88th St in Chicago, IL and zip code 60619 in the Far Southeast Side neighborhood. This home, which was built in 1895, sits on a 0.07 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 06, 2023 and is currently priced at $125,000.

Over 396 listings were sold over their listed price in February 2024 in Chicago, IL. In the same period over 732 listings were sold below the listed price and 204 listings were sold for the listed price. The inventory of homes for sale in Chicago, IL between January 2024 and February 2024 increased by 28.1%. While the average time on the market in February 2024 was 47 days, the median list price was $343,330.

From Rocket Homes Real Estate and based on county public records data.

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