2721 W Peterson Avenue, Chicago, IL

$999,500

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About 2721 W Peterson Avenue

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

Features of 2721 W Peterson Avenue

MLS® # 12717389
Price $999,500
Bathrooms 0.00
Year Built 1971
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 2721 W Peterson Avenue
Area CHI - West Ridge
City Chicago
County Cook
State IL
Zip Code 60659

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick
Foundation Concrete Perimeter

Additional Information

Days on Market 7
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBaird & Warner

Listing Map

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