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Price cut: $51,481
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Office/Tech · Chicago Heights, IL
$180,000$231,481
beds · baths
1488 Aberdeen Street, Chicago Heights, IL, 60411
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Central air
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."
— the listing agent’s description

The home

Built in 1961
Lot 41.0 X 126.1
Office/Tech

What it’ll cost

No HOA
Listed $231,481
Now $180,000
493 days on dwello

Estimated monthly payment

$1,325/mo
Principal & interest$957
Property taxes$315
Homeowners insurance$53
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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493 days on dwello
Price history
Price reduced
May 27, 2026
↓ $51,481$180,000
Listed for sale
Feb 4, 2025
$231,481
Now $51,481 below the original list price.

Features

Central AirBrick
Neighborhood
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MLS listing dataMRED
Listed by Ijlal Munir · Ijlal Munir Real Estate Service
Listing last updated Jun 11, 2026 · data refreshed from the MLS Jun 17, 2026, 6:27 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:27 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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