$1,100,000
470 N Aberdeen Street
Chicago, IL, 60642
Estate Sale: Prime Value-Add Investment Opportunity at 470 North Aberdeen. Unlock the potential of this rare estate sale offering, a mixed-use asset with built-in upside and long-term stability in a high-demand area. The building features: An unfinished ground-floor residential unit (See OM for estimated completion costs), offering near-term upside for value enhancement; recently renovated second and third-floor apartments poised for re-leasing at full market rates during peak leasing season, maximizing rental income potential; and a fully leased retail space anchored by Zullo’s Catering, a long-standing tenant since 2009, under a secure lease through December 2033, providing reliable cash flow. With strategic updates and timing, 470 North Aberdeen offers a compelling blend of stability and growth potential in a sought-after urban location. This property presents an exceptional value-add opportunity for investors seeking both immediate and sustained returns. Offering Memorandum available upon request.
Property Details
Price:
$1,100,000
MLS #:
MRD12351885
Status:
Active
Beds:
0
Baths:
0
Address:
470 N Aberdeen Street
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – West Town
City:
Chicago
Listed Date:
Apr 30, 2025
State:
IL
Finished Sq Ft:
4,088
Total Sq Ft:
4,088
ZIP:
60642
Year Built:
1923
Schools
Interior
Cooling
Central Individual
Exterior
Construction Materials
Concrete
Financial
Tax Year
2023
Taxes
$12,583
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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470 N Aberdeen Street
Chicago, IL
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