1488 Aberdeen Street — Chicago Heights, IL 60411
Active
▼ $51,481
Chicago Heights, IL 60411

1488 Aberdeen Street

$180,000
0 beds · 0 baths
$51,481 below original 493 days on market $0/yr taxes
01About this home

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."

02Inside the home
03By the numbers
$180,000
List price
Square feet
Bedrooms
Bathrooms
1961
Year built
Lot size
Garage spaces
$0
Annual taxes
Office/Tech
Style
493
Days on market
04Features
Cooling
Central Air
Construction
Brick
05Neighborhood
  • Marnell's 0.9 mi
  • Pepe's Mexican Restaurant 1.1 mi
  • Burger King 1.1 mi
  • Brown's Chicken 1.1 mi
  • Little Caesars 1.2 mi
  • Subway 1.2 mi
  • AP 600 ft
  • Heights Fresh Market 0.3 mi
  • Marathon 0.6 mi
  • Citgo 0.8 mi
  • Mobil Mart 1.0 mi
  • AP 1.0 mi
  • Alex Lopez Park 350 ft
  • Euclid Park 0.6 mi
  • Smith Memorial Park 0.7 mi
  • Landeen Park 0.7 mi
  • Wacker Park 0.8 mi
  • King Park 0.8 mi
  • Dunkin' 1.0 mi
  • Starbucks 1.5 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 27, 2026
Price reducedThis listing
Ijlal Munir Real Estate Service
$180,000
−$51,481
Feb 4, 2025
Listed for saleThis listing
Ijlal Munir Real Estate Service
$231,481
Sourced from MRED. Older events appear here as our history backfill completes.
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09Similar homes
Listed by Ijlal Munir Real Estate Service · Ijlal Munir
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12188417
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