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Fully Occupied 3-Flat Residential Income
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448 N Aberdeen St, Chicago, IL 60642

Three 2BR/1BA units, fully occupied; gut rehabbed in 1996 and updated in 2010 with central A/C and appliances.

Property SizeContact for details
Days on Market132

Property Features for 448 N Aberdeen St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Business Included Yes
Multifamily Units 3

Building Details

Year Renovated 2010
Tenancy Multi
Listing Agency: Chicago Real Estate Resources Inc
Listed By: Nate Gautsche · License #IL 475120343
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 8:32PM

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 Chicago Real Estate Resources Inc

Investment Insights

Based on property information with market context.

This fully occupied 3-flat features three 2BR/1BA units that were gut rehabbed in 1996. The property was later updated in 2010 with kitchen and bath updates, central A/C, and added in-unit conveniences including dishwashers and appliances, along with tuckpointing.

Set in River West, the building is described as being steps from Fulton Market, providing an in-demand setting for residential income.

Additional space includes a large backyard and an unfinished basement, which may offer flexibility for future expansion or additional value-adding opportunities.

Key Highlights

  • Fully occupied 3‑flat with three 2BR/1BA units
  • Gut rehabbed in 1996; updated in 2010 with kitchen and bath updates
  • Central A/C and dishwashers/appliances included

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Adult Day Care Clothing & Fashion Store Restaurant Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

6,246
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three 2BR/1BA units, fully occupied; gut rehabbed in 1996 and updated in 2010 with central A/C and appliances.
Where is this triplex located?
The property is located at 448 N Aberdeen St Chicago, IL.
What are key features of this property?
This property features: Fully occupied 3‑flat with three 2BR/1BA units; Gut rehabbed in 1996; updated in 2010 with kitchen and bath updates; Central A/C and dishwashers/appliances included
More about this property
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