2721 W Peterson Avenue,Chicago, IL 60659
Chicago, IL 60659
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
Details
| MLS # | 12717389 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1971 |
| Days On Site | 70 |
| Listing Provided By | Baird & Warner | Philip Mistrata |
Features
| SQ Feet | 5,500 |
|---|---|
| Story(s) | 1 |
| Units | 8 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick |
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 7989 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60659 |
| Area | CHI West Ridge |
| Listing VS Median (in 60659) | |
Price: $999,500 low | high Med: $187,500 sqft: 5,500 low | high Med: 819 $ / sqft: $182 low | high Med: $231 On site: 70 low | high Med: 28 | |
Market Activity 60659
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60659 |
| Area | CHI West Ridge |
| Listing VS Median (in 60659) | |
Price: $999,500 low | high Med: $187,500 sqft: 5,500 low | high Med: 819 $ / sqft: $182 low | high Med: $231 On site: 70 low | high Med: 28 | |
