West Ridge Mixed-Use
2945 W Peterson Ave, Chicago, IL 60659
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Cash-flowing mixed-use property in Chicago's West Ridge neighborhood.
Type:Mixed Use, Multifamily, Office
Property size:
10,044 SF- Added:
- May 15, 2026
- Days on Market:
- 16
- Last Refresh:
- May 17 at 8:47 pm
Property Features for 2945 W Peterson Ave
General Information
- Standard status
- Active
- Size
- 10,044 SF
- Property subtype
- Mixed Use, Multifamily, Office
Building Details
- Year Built
- 1963
Listing agent Nedal Kawash License #IL 471022064
Listing office Kawash Real Estate Group (630) 337-9126
Listing date May 15, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kawash Real Estate Group
HighLights
- Diversified income stream from residential apartments and street‑front commercial/office suites.
- Robust in‑place cash flow with value‑add potential through lease‑up of vacant commercial spaces.
- Located in a dense, established North Side community with high residential demand and strong retail presence.
- Attractive in‑place cap rate at acquisition with potential for a higher stabilized return.
- Strategic infill location on the bustling Peterson Avenue commercial corridor.
- Versatile investment canvas with options for repositioning or extended ownership; suitable for value‑add enthusiasts, 1031 exchange buyers, and owner‑users.
Overview
Located in Chicago's West Ridge neighborhood, 2945 W Peterson Ave is a mixed-use property situated along the Peterson Avenue commercial corridor near the intersection of Peterson & Sacramento. The property offers a diversified income stream from residential apartments and street-front commercial/office suites. The 13-unit building has in-place cash flow and value-add potential through the lease-up of vacant commercial spaces. Strategic leasing, light build-outs, and optimizing rental rates can enhance the bottom line. The property is located in a vibrant North Side submarket, benefiting from a dense, established community, nearby retail offerings, and traffic along Peterson Avenue. The area's residential demand and the presence of both national and local retailers support tenant interest and income growth. The property offers an attractive in-place cap rate at acquisition, with a trajectory toward a higher stabilized return. It is ideal for investors seeking a predictable yield with room for expansion, offering a mix of commercial and residential spaces, a stable tenant base, and a strategic infill location. The property is an option for repositioning or extended ownership, and is an enticing prospect for value-add enthusiasts, 1031 exchange buyers, and owner-users seeking a blend of commercial space and residential income. The property size is 10,044 square feet.
Location Intelligence
Current Use by Public Records
Flusso Software
(Bike/Boat/Book/etc) Store
Us Exp Trucking ...
Trucking Company
Hub1st
Service Establishment
Rising Design Group, ...
Architect
A-Z Consulting Group
Employment Agency
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7035953
- Latitude
- 41.9901167
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FAQs
What type of property is this?
Mixed-use property - Cash-flowing mixed-use property in Chicago's West Ridge neighborhood.
Where is this mixed-use property located?
The property is located at 2945 W Peterson Ave Chicago, IL.
What are key features of this property?
This property features: Diversified income stream from residential apartments and street‑front commercial/office suites.; Robust in‑place cash flow with value‑add potential through lease‑up of vacant commercial spaces.; Located in a dense, established North Side community with high residential demand and strong retail presence.
