470 N Aberdeen ST Chicago, IL 60642

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

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

Listed by Kevin Rocio • @properties Commercial

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106