$1,005,000
$1,100,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
470 N Aberdeen ST Chicago, IL 60642
4,088 SqFt
Key Details
Sold Price $1,005,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,088 sqft
Price per Sqft $245
MLS Listing ID 12351885
Year Built 1923
Annual Tax Amount $12,583
Tax Year 2023
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
Building
Structure Type Concrete
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Bought with Riley Ricobene • Real Broker, LLC
