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$ 1,100,000
Est. payment | /mo
4,088 SqFt
$ 1,100,000
Est. payment | /mo
4,088 SqFt
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
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Listed by Kevin Rocio • @properties Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "