Mixed-Use Property with Retail and
For Sale
Contact for pricing
2949 West Peterson Avenue, Chicago, IL 60659
Two-level mixed-use asset with street retail frontage and residential income units above.
Property Size700,000 SF
Price / SF$1.21
Days on Market68
Property Features for 2949 West Peterson Avenue
General Information
Standard status
Active
Size
700,000 SF
Class
C
Property subtype
Mixed Use
Zoning
B3-2
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$60,477
Building Details
Year Built
1958
Year Renovated
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Kawash Real Estate Group
(630) 337-9126
Listed By:
nedal kawash · License #471022064
Source:
Crexi
Added: Jun 15
Changed: Aug 12
Last Checked: Aug 20 at 1:04PM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,825
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 42%
Groceries 14%
Hotels & Casinos 1%
McDonald's
Dining
34,098 visits/mo
0.3 miles
Five Below
Shops & Services
32,290 visits/mo
0.5 miles
Aldi
Groceries
26,510 visits/mo
0.4 miles
Culver's
Dining
23,371 visits/mo
0.2 miles
BP
Shops & Services
17,990 visits/mo
0.3 miles
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 Retail in Chicago, IL
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Frequently Asked Questions
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 is the asking price?
The asking price for this property is $849,950.
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
