Mixed-Use Property: Value-Add
For Sale
$1,100,000
470 N Aberdeen Street, Chicago, IL 60642
Mixed-use property with retail and residential units in high-demand area.
Property SizeContact for details
Days on Market505
Property Features for 470 N Aberdeen Street
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$12,583
Building Details
Year Built
1923
Listing Agency:
@PROPERTIES COMMERCIAL
Listed By:
KEVIN ROCIO · License #IL475.128895
(312) 972-4381
Source:
Corcoran
Added: Apr 30, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @PROPERTIES COMMERCIAL
Investment Insights
Based on property information with market context.
This mixed-use property at 470 N Aberdeen Street presents a value-add investment opportunity. The building includes an unfinished ground-floor residential unit with potential for value enhancement. The second and third-floor apartments have been recently renovated and are ready for re-leasing at market rates. The retail space is fully leased to Zullo's Catering, a tenant since 2009, with a lease extending through December 2033, providing a reliable income stream. This property offers a blend of stability and growth potential in an urban location.
Key Highlights
- Long‑term, secure lease with Zullo's Catering (since 2009) through December 2033 provides reliable cash flow.
- Recently renovated 2nd and 3rd‑floor apartments are ready for re‑leasing at full market rates.
- Unfinished ground‑floor residential unit offers near‑term upside for value enhancement.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in high-demand area.
Where is this mixed-use property located?
The property is located at 470 N Aberdeen Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Long‑term, secure lease with Zullo's Catering (since 2009) through December 2033 provides reliable cash flow.; Recently renovated 2nd and 3rd‑floor apartments are ready for re‑leasing at full market rates.; Unfinished ground‑floor residential unit offers near‑term upside for value enhancement.
