470 N Aberdeen ST Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60642
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,088 sqft
Price per Sqft $269
MLS Listing ID 12351885
Year Built 1923
Annual Tax Amount $12,583
Tax Year 2023
Lot Dimensions 109.9X24.9
Property Sub-Type Mixed Use
Property Description
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.
Location
State IL
County Cook
Area Chi - West Town
Zoning MANUF
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Concrete