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Mixed-Use Property: Value-Add Opportunity

470 N Aberdeen Street, Chicago, IL 60642

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For Sale

$1,100,000

Mixed-use property with retail and residential units in high-demand area.

Listing Contact

KEVIN ROCIO

Real Estate License ID: 475128895

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.
Mixed‑use asset provides diversification and stability.
Exceptional value‑add investment opportunity for immediate and sustained returns.
Located in a high‑demand urban area.

For Sale

$1,100,000

Mixed-use property with retail and residential units in high-demand area.

Added:: Apr 30, 2025
Days on Market:: 407
Last Refresh:: Mar 16 at 9:09 am

Property Features for 470 N Aberdeen Street

General Information

Standard status: Active

Building Details

Year Built: 1923

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Listing Contact

KEVIN ROCIO

Listing agent KEVIN ROCIO License #475128895

Listing office @PROPERTIES COMMERCIAL

Listing date Apr 30, 2025

Source Corcoran

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

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.
Mixed‑use asset provides diversification and stability.
Exceptional value‑add investment opportunity for immediate and sustained returns.
Located in a high‑demand urban area.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.655
Latitude: 41.891

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For sale
Mixed-use properties
IL
Chicago
60642
470 N Aberdeen Street

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.