1488 Aberdeen Street, Chicago Heights, IL 60411 | MLS #12188417 | Berkshire Hathaway HomeServices Chicago
 
Listing provided courtesy of Ijlal Munir Real Estate ServiceMREDas Distributed by MLSGrid- MLS# 12188417MLS Provider

1488 Aberdeen StreetChicago Heights, IL 60411

Commercial · 2,516 Sq. ft.
$180,000 Active

1488 Aberdeen Street Overview

Time on Site:
510 days
Visits:
8

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.

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1488 Aberdeen Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,516
  • Price/Sq.ft. $72

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1961

Business Information

  • Current Use: Office,Medical/Dental

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Chicago Heights
  • Township: Bloom

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2023

General Information

  • Parcel Number: 32204010420000
  • Possible Use: Commercial,Office,Retail,Other
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2516

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Carpet
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 2516
  • Stories: 1

Unit Information

  • Unit SqFt.: 2516

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 41.0 X 126.1
  • Lot Size Square Feet: 5170

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Rubber

General Information

  • Number Of Units Total: 3

1488 Aberdeen Street Neighborhood

Community

60411 (Chicago Heights) Demographics

35
Median Age
1,786
Population Density (per sq. mile)
26%
College Educated
$49,281
Estimated Median Income
12,258
Estimated Total Home Owners
6,738
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1488 Aberdeen Street Monthly Cost

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$ %
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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1488 Aberdeen Street Market Data

Based on the last 30 days in this zip code

$248,386
Average List Price
$152
Average Price per Square Foot
32
Properties Sold
95
Average Days on Market
202
Properties for Sale
Calculations provided by Reliance Network

1488 Aberdeen Street History

Date Event Value Agent
5/26/2026Source: MRED Status Change
Active
5/21/2026Source: MRED Price Reduction
$180,000 -7.7%
5/21/2026Source: MRED Status Change
Price Change
3/28/2026Source: MRED Status Change
Active
3/23/2026Source: MRED Status Change
Re-activated
3/11/2026Source: MRED Status Change
Pending
2/9/2026Source: MRED Status Change
Active
2/4/2026Source: MRED Price Reduction
$195,000 -15.6%
2/4/2026Source: MRED Status Change
Price Change
6/24/2025Source: MRED Status Change
Active
6/19/2025Source: MRED Price Reduction
$231,000 -0.2%
6/19/2025Source: MRED Status Change
Price Change
2/9/2025Source: MRED Status Change
Active
2/4/2025Source: MRED Added to Database
February 04, 2025