2721 W Peterson Avenue, Chicago, IL 60659

$899,500.00
  • 2721 W Peterson Avenue, Chicago, IL 60659 Main Photo

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Active
SQUARE FEET5,500 MLS#12786067
STATUSActive PROPERTY TYPECommercial - Business

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

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 1.0
Taxes: $7,989
Year Built: 1971

Feature Descriptions

Electric: Circuit Breakers
Exterior: Brick
Fire Protection: Other
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Central Bldg Heat, Forced Air, Gas
Lot Dimensions: 25 X 124
Miscellaneous Indoor: Common Meeting Room/s, Multi-Tenant
Number of Tenant(s): 8
Parcel#: 13014010400000
Tenant Pays: Varies by Tenant
Units: 8

Listed By / Shown By

Listed By

Agency Name: Baird & Warner

Shown By

Agency Name: The Real Estate Group Inc
Agent Name: Traci Buttrum, Realtor/Broker Owner
Agent Phone: Primary: (309) 267-2359

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