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    114 Aberdeen St Chicago, IL 60607

    For Sale
    Contact for pricing

    Historic building, prime location, high occupancy.

    Property size:
    8,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional mixed-use property at 114 N Aberdeen St, Chicago, IL 60607, presents a compelling investment opportunity. The 8,500 square foot building, constructed in 1900 and renovated in 2002, features three stories and a desirable blend of vintage charm and modern amenities. Currently operating at 67% occupancy across three units, the property includes ground-floor retail space with existing leases, providing immediate income potential. The upper floors offer additional rental opportunities, enhancing the investment's versatility. The building boasts a 2,500 square foot net rentable area, a spacious 14-foot ceiling height, and robust masonry construction. Situated on a 2,900 square foot lot with a 25-foot frontage on Aberdeen Street, the property benefits from excellent visibility and accessibility within the vibrant Fulton Market/Near West Side submarket. Its prime location is underscored by a Walk Score of 99 and a Transit Score of 80. The property is zoned DX-3 and its Assessed Property Number (APN) is 17-08-436-021-0000. This is a rare chance to acquire a well-positioned mixed-use asset in a thriving Chicago neighborhood.

    Property Features for 114 Aberdeen St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,500 SF

    Building Details

    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Mixed‑use building totaling 8,500 square feet.
    • 2,500 square feet of net rentable space.
    • 67% occupancy across three units.
    • Located at 114 N Aberdeen St, Chicago, IL 60607, with a 2,900 square foot lot.
    • Features three stories and DX‑3 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tom Tresser Association Or Organization

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.654595648312
    Latitude
    41.883486616419

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, prime location, high occupancy.
    Where is this mixed-use property located?
    The property is located at 114 Aberdeen St Chicago, IL.
    What are key features of this property?
    This property features: Mixed-use building totaling 8,500 square feet.; 2,500 square feet of net rentable space.; 67% occupancy across three units.
    (312) 852-5526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Aberdeen St Chicago, IL 60607
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