2949 West Peterson Avenue, Chicago, IL 60659

Building Details

Year Built

1958

Listing office Kawash Real Estate Group n***@kawashgroup.com Show Phone

Listing date Jun 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

Report an issue

---

Overview

2949 W Peterson Ave is a two-level mixed-use property offering street-level retail space with residential units located above. The building is described as approximately 4,000+ square feet and is set up to support a combination of neighborhood-serving storefront activity and residential income within the same structure.

The property is positioned along the Peterson Avenue corridor in Chicago’s West Ridge neighborhood. Public remarks indicate strong visibility and a retail-oriented street environment, along with access to public transportation, supporting day-to-day convenience for both tenants and customers.

For investors and owner-users, the configuration allows you to use the commercial frontage while retaining residential income from the units overhead, creating a built-in mix of uses. The retail component is marketed as suitable for a variety of neighborhood commercial uses, while the residential portion provides an additional income stream within a dense residential area. This makes the asset well-suited for buyers seeking a practical mixed-use building where retail and housing operate together under one ownership.

Suggested Use

Skin Care Clinic Tattoo & Piercing Shop Pet Grooming Service Shopping Center & Mall Veterinary Clinic Coworking & Hybrid Office Restaurant Florist Tanning Salon Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.7037789

Latitude

41.9901157

Nearby Similar for Sale

• 

  $1,300,000

  6,400 SF

  Renovated Chicago Industrial Flex Warehouse

  6,400 SF renovated industrial flex warehouse in Chicago for sale.

  3146 W Chicago Avenue, Chicago, IL 60622

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and uncommitted VGT potential.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and VGT potential in Chicago.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with Licenses

  Fully renovated restaurant with licenses and residential unit for sale.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $649,000

  2,176 SF

  Turnkey Restaurant Opportunity in Chicago

  Below-market lease in East Lakeview, fully equipped restaurant with assets.

  420 W Belmont Avenue, Chicago, IL 60657

  View Details
• 

  $759,000

  5,000 SF

  Prime Retail Space in Chicago

  Commercial property in a high-traffic retail district.

  4411 N Kedzie Avenue, Chicago, IL 60625

  View Details
• 

  $1,295,000

  9,744 SF

  Chicago Office Building with Parking

  Two-story office building in Chicago's Clearing neighborhood.

  6350 W 63rd Street, Chicago, IL 60638

  View Details
• 

  $1,700,000

  Convenience Store Retail Building with Parking

  Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

  5132 S Racine Avenue, Chicago, IL 60609

  View Details
• 

  $459,000

  3,000 SF

  Chicago Commercial Buildings For Sale

  Three commercial buildings in a busy Chicago neighborhood retail location.

  1753-1759 W 79th Street, Chicago, IL 60620

  View Details
• 

  $625,000

  4,593 SF

  Fulton River District Commercial Loft

  Classic timber loft in Fulton River District, Chicago.

  566 W Lake Street, Chicago, IL 60661

  View Details
• 

  $549,900

  2,806 SF

  Wicker Park Corner Retail Building

  2,806 SF retail building in prime Wicker Park location.

  2357 W North Avenue, Chicago, IL 60647

  View Details
• 

  $749,000

  Corner Retail Suite in New Elevator Building

  New construction corner space in an 18-unit elevator building with optional street parking acquisition.

  1445 W Chicago Avenue, Chicago, IL 60642

  View Details

FAQs

What type of property is this?

Mixed-use property - Two-level mixed-use asset with street retail frontage and residential income units above.

Where is this mixed-use property located?

The property is located at 2949 West Peterson Avenue Chicago, IL.

What are key features of this property?

This property features: Two‑level mixed‑use property with retail frontage and residential income units above; Approximately 4,000+ SF across two levels, combining street‑level commercial space with residential units; Built in 1958