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Listed by Ijlal Munirof Ijlal Munir Real Estate Service
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Est. payment /mo
Price Dropped by $15K
1488 Aberdeen ST Chicago Heights, IL 60411
2,516 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 2,516 sqft
MLS Listing ID 12188417
Year Built 1961
Tax Year 2023
Lot Dimensions 41.0 X 126.1
Property Sub-Type Office/Tech
Property Description
AS-IS. Unlock the Potential of an Affordable Multi-Tenant Investment Opportunity Savvy investors seeking cash flow, value-add potential, and long-term appreciation should take a closer look at this strategically located commercial property in the heart of Chicago Heights. Located at 1488 Aberdeen Street, this all-brick commercial building offers approximately 2,516 square feet and is configured into three separate income-producing units, creating multiple revenue streams under one roof. Properties of this size are increasingly attractive to investors and owner-users seeking lower acquisition costs, manageable operating expenses, and flexibility in the Chicago Heights commercial market. Why Investors Should Take Notice Three Separate Rental Opportunities Diversify income risk through multiple tenants rather than relying on a single occupant. B5 Central Business District Zoning A flexible zoning classification that may accommodate a variety of commercial uses, subject to municipal approval. Value-Add Potential Investors who recognize opportunity understand that properties requiring improvements can often create the greatest returns. Strategic upgrades and leasing improvements may provide significant upside in rental income and overall asset value. Affordable Entry Point Commercial properties with multiple income streams at this price point are becoming increasingly difficult to find throughout the Chicagoland area. Strong Demand for Small Commercial Spaces Current market trends continue to favor smaller retail, office, professional service, medical, and community-oriented spaces under 3,500 square feet. Single-Story Brick Construction A durable, low-maintenance structure with multiple entrances that may support a variety of tenant configurations. Potential Uses Include Professional Offices Medical or Wellness Services Insurance or Financial Services Tax Preparation Offices Real Estate Offices Educational Services Nonprofit Organizations Retail Service Businesses Mixed Multi-Tenant Occupancy The Opportunity This property is ideally suited for an investor seeking to reposition an asset, improve occupancy, increase rental rates, or capitalize on the growing demand for affordable commercial space in Chicago Heights. Rather than paying premium prices in neighboring communities, investors can acquire a multi-unit commercial asset at a significantly lower basis while pursuing enhanced cash flow and future appreciation. Investment Highlights Approximately 2,516 SF Three commercial units Multiple entrances and exits All-brick construction B5 Central Business District zoning Income-producing potential Value-add opportunity Convenient Chicago Heights location Attractive acquisition cost relative to surrounding markets Opportunity often appears where others see work. Investors who understand the power of acquiring below replacement cost and creating value through strategic improvements should schedule a tour with their broker and evaluate the possibilities that 1488 Aberdeen Street has to offer. "The next successful investment isn't always the newest property-it's often the property with the greatest potential."
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Structure Type Brick
Others
Virtual Tour https://drive.google.com/file/d/1jAMpWUSbOMZaqluOS9S7nCYSR_vtlxCX/view?usp=sharing
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