For Sale Property MLS# 12786067

2721 W Peterson Avenue

Chicago, IL 60659

$899,500

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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

Property details

Property

Type
other
Year built
1971
Living area
5,500 sqft
Price / sqft
$164
Lot
0.07 ac

Schools

District
Chicago Public School District 299

Location

Subdivision
West Ridge
Neighborhood
West Ridge

Location

Neighborhood
West Ridge
School district
Chicago Public School District 299

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Listed by Philip Mistrata, Baird & Warner

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.