Mixed-Use Property with Office
New
For Sale
$899,500
2721 W Peterson Avenue, Chicago, IL 60659
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.07 Acres
Days on Market5
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
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: Oct 15
Last Checked: Oct 19 at 6:06PM
MLS# 12786067
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.
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Investment Insights
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This brick mixed-use property contains six leased office suites on the main level, along with two bathrooms, a party room, and an attached 2.5-car garage. Two residential units occupy the upper floor: a three-bedroom, two-bath home and a one-bedroom, one-bath unit. The larger residence has an open layout, quartz countertops, a kitchen island, a walk-in shower, double vanity, and in-unit laundry; the smaller unit also includes quartz counters and in-unit laundry.
A second floor was added in 2022, and renovations included new plumbing, electrical work, and steel staircases at the front and rear. The work was fully permitted. The property was built in 1971 and is zoned COMMR. Its address is 2721 W Peterson Avenue in Chicago.
A second floor was added in 2022, and renovations included new plumbing, electrical work, and steel staircases at the front and rear. The work was fully permitted. The property was built in 1971 and is zoned COMMR. Its address is 2721 W Peterson Avenue in Chicago.
Key Highlights
- Six office suites are leased; both residential units are owner occupied
- Two upper‑floor residences: one with 3 bedrooms and 2 baths, the other with 1 bedroom and 1 bath
- Second floor completed in 2022; renovation work was fully permitted
Property Analytics
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Current Use
Lease Details
6
Office units
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,926
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six leased office suites share the building with two upper-level residences and an attached garage.
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 $899,500.
What are key features of this property?
This property features: Six office suites are leased; both residential units are owner occupied; Two upper‑floor residences: one with 3 bedrooms and 2 baths, the other with 1 bedroom and 1 bath; Second floor completed in 2022; renovation work was fully permitted
