About This Home

This 0-bedroom, 0-bathroom commercial at 2721 W. Peterson Avenue in Chicago, IL is listed for $899,500. Built in 1971, on a N/A lot.

Key Features

  • Built in 1971

Property Details

1971
Listing Description

Don't let the exterior fool you! This exceptional mixed-use property was extensively renovated and expanded with a brand-new second floor completed in 2022. The main level features six fully leased office suites, two bathrooms, a party room, and an attached 2.5-car garage, providing immediate income.

The second floor offers two condo-quality residential units, including a spacious 3-bedroom, 2-bath unit with an open-concept floor plan, quartz countertops, full-height backsplash, large island, luxurious primary suite with a walk-in shower and double vanity, generously sized bedrooms, and in-unit laundry.

The second unit is a beautifully finished 1-bedroom, 1-bath with quartz countertops, in-unit laundry, and the potential to add a rooftop deck over the garage. Additional improvements include new steel front and rear staircases, new plumbing, new electrical, and numerous other updates.

All renovations were fully permitted. The commercial spaces are fully leased, while the upper residential units are currently owner occupied, making this an outstanding opportunity for investors or owner-occupants seeking a turnkey, income-producing property. Financials are uploaded

Monthly Cost Estimate

$4,811/mo

20% down · 6.5% · 30 years

Principal$651
Interest$3,898
Insurance$262

Estimates only. Actual payments may vary.

Location

2721 W. Peterson Avenue

Chicago, IL 60659

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2721 W. Peterson Avenue is listed at $899,500. The estimated monthly payment is $4,810 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1971.

This property is listed by Philip Mistrata.

PM

Philip Mistrata

Agent at Baird & Warner Real Estate

Listed by Baird & Warner Real Estate · Broker website

MLS# 12786067· Source: Baird & Warner Real Estate· 12 days on PropertySimple

Copyright © 2026 Baird & Warner Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2721 W. Peterson Avenue, Chicago, IL 60659

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