Renovated Mixed-Use
For Sale
$999,500
2721 W Peterson Avenue, Chicago, IL 60659
COMMERCIAL - Chicago, IL
Property SizeContact for details
Lot Size0.07 Acres
Days on Market9
Property Features for 2721 W Peterson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Peterson Ave (6000N) between Western Ave and California Ave
Subdivision
CHI - West Ridge
Standard status
Active
APN
13014010400000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7989
Utilities
Cooling system
Central Air
Amenities
party room
in-unit laundry
Building Details
Year built
1971
Floors in Building
1
Number of units
8
Building materials
Brick
Listing Agency:
Baird & Warner
(773) 250-0400
Listed By:
Philip Mistrata
(312) 265-8000
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 11 at 7:06PM
MLS# 12717389
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick mixed-use property in Chicago was renovated and expanded with a new second floor completed in 2022. The main level contains six fully leased office suites, two bathrooms, a party room, and an attached 2.5-car garage. The upper level includes two residential units: a three-bedroom, two-bath residence with an open-concept layout, quartz countertops, a full-height backsplash, large island, primary suite with walk-in shower and double vanity, and in-unit laundry; plus a one-bedroom, one-bath unit with quartz countertops and in-unit laundry. A rooftop deck may be added over the garage. Improvements include steel front and rear staircases, new plumbing, new electrical, and other updates, with all renovations fully permitted. The commercial suites are leased, while the residential units are owner occupied. The property is zoned COMMR and features central air.
Key Highlights
- Six fully leased office suites on the main level
- Two residential units on a new second floor completed in 2022
- 3‑bedroom, 2‑bath unit with open‑concept layout and in‑unit laundry
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,926
Businesses Nearby
Explore this area
Business Placement
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial and residential property combines leased office suites with two upper-level residential units.
Where is this mixed-use property located?
The property is located at 2721 W Peterson Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: Six fully leased office suites on the main level; Two residential units on a new second floor completed in 2022; 3‑bedroom, 2‑bath unit with open‑concept layout and in‑unit laundry
