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
Property Details
Price:
$999,500
MLS #:
MRD12717389
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chiwestridge
Listed Date:
Aug 3, 2026
Total Sq Ft:
5,500
Year Built:
1971
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
1
Financial
Tax Year
2024
Taxes
$7,989
Map
Community
- Address2721 W Peterson Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60659
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
908
Commercial Listed
185
Avg DOM
$1,019,529
Avg List Price
Property Summary
- 2721 W Peterson Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60659. It is listed for $999,500
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Copyright 2026. All rights reserved.
2721 W Peterson Avenue
Chicago, IL


