2721 W Peterson AVE, Chicago, IL 60659
2721 W Peterson AVE, Chicago, IL 60659
2721 W Peterson AVE, Chicago, IL 60659
2721 W Peterson AVE, Chicago, IL 60659
2721 W Peterson AVE, Chicago, IL 60659
2721 W Peterson AVE, Chicago, IL 60659
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$ 999,500
Est. payment | /mo

5,500 SqFt


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$ 999,500
Est. payment | /mo
Save

5,500 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $181

MLS Listing ID 12717389

Year Built 1971

Annual Tax Amount $7,989

Tax Year 2024

Lot Dimensions 25 X 124

Property Sub-Type Mixed Use

Property Description

Don't let the exterior fool you! This exceptional mixed-use property was extensively renovated and expanded with a brand-new second floor completed in 2022. The main level features six fully leased office suites, two bathrooms, a party room, and an attached 2.5-car garage, providing immediate income. The second floor offers two condo-quality residential units, including a spacious 3-bedroom, 2-bath unit with an open-concept floor plan, quartz countertops, full-height backsplash, large island, luxurious primary suite with a walk-in shower and double vanity, generously sized bedrooms, and in-unit laundry. The second unit is a beautifully finished 1-bedroom, 1-bath with quartz countertops, in-unit laundry, and the potential to add a rooftop deck over the garage. Additional improvements include new steel front and rear staircases, new plumbing, new electrical, and numerous other updates. All renovations were fully permitted. The commercial spaces are fully leased, while the upper residential units are currently owner occupied, making this an outstanding opportunity for investors or owner-occupants seeking a turnkey, income-producing property. Financials are uploaded

Location

State IL

County Cook

Area Chi - West Ridge

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
Listed by Philip Mistrata of  Baird & Warner 

Nearby Locations

Kathryn (Kathy) Jensen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 757-8864

kjensen@chicagorea.com

1941 N Elston Ave, Chicago, IL 60642, USA

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2721 W Peterson AVE