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$1,005,000
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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.
Full Property Details
Full Property Details for 470 N Aberdeen St
General
- Sold For: $1,005,000
- Taxes: $12,583 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12351885
- Added to Site: 261 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Take Grand west of the Kennedy to Aberdeen turn south.
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air
Structural Information
- Construction: Concrete
- Exterior Const.: Concrete
- Stories/Levels: 2
- Square Feet: 4,088
- # of Stores: 1
- Year Built: 1923
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 2,750
- Lot Dimensions: 109.9 x 24.9
- Zoning: MANUF
Financial Considerations
- Lease Price: $31
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1923
- Tax Amount: $12,583
- Tax Year: 2023
Disclosures and Reports
- Property ID: 17082470060000
Listed by @properties Commercial
Sold by Real Broker, LLC
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Schools
Schools serving 470 N Aberdeen St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Otis Elementary School 525 North Armour Street, Chicago, IL 60642 | K-8 | 0.5 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 470 N Aberdeen St
Date
Details
Price
Change
Source
9/05/2025
Sold
$1,005,000
-8.64%
MLS
4/30/2025
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
470 N Aberdeen Street, Chicago, IL 60642 (MLS# 12351885) is a Commercial property that was sold at $1,005,000 on September 05, 2025. Want to learn more about 470 N Aberdeen Street? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.

