2717 W PETERSON Avenue Chicago, IL $ 730,000
2717 W PETERSON Avenue
$ 730,000
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2717 W PETERSON Avenue

Chicago, IL, 60659
$ 730,000
Baths0.0 Sq 6,200

Monthly Estimate*

$ 4,852

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Studio

Commercial Property for sale in Chicago, IL

for $730,000. This 6,200 square foot building was built in 1930 on a lot size of 0.07174.

MEGA OPEN JUNE 8. FROM 1-4 PM. This mixed-use building in Arcadia Terrace offers a blend of modern comforts, historic charm, and potential for both residential and commercial use, making it a desirable investment opportunity in the vibrant Chicago real estate market. Modernized Living: 3rd floor unit boasts contemporary updates with 2 bedrooms and 1 1/2 baths. The renovations include new plumbing, electricals, drywall, paint, in-unit washer and dryer and all new appliances, ensuring a comfortable and convenient lifestyle for residents with central a/c, gas forced heat. Spacious and Versatile: The 2nd floor unit offers ample space with 3 bedrooms and 1 1/2 baths, complemented by an outdoor area adjacent to the dining space. This outdoor retreat adds a touch of tranquility to urban living. Historic Charm with Potential: The 1st floor, formerly a beloved restaurant that operated for 45 years, holds nostalgic charm and presents an exciting opportunity for a new venture. Its full basement offers versatility for various business endeavors. Enhanced Structural Integrity: Recent updates in 2021 include a new roof on the building, as well as renovations to the 2nd-floor porch and garage. Reinforced floor and new carpet on 1st floor. Some Tuckpointing on both the building and garage ensures structural integrity and longevity. The newly installed lentil on the second floor adds architectural interest and durability. Energy-Efficient Features: The installation of thermal windows on the second floor enhances energy efficiency and promotes sustainability, contributing to lower utility costs for residents. Convenient Parking: A spacious 2 and 1/2 car brick garage provides ample parking space, a coveted feature in urban settings like West Rogers Park Arcadia Terrace. Zoning B3-2 AGENT AND BUYER TO VERIFY ALL LISTING INFORMATION. THANK YOU FOR SHOWING. SOLD AS IS.. ,Building will not pass FHA self-sufficiency test

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Commercial Active

Price

$ 730,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,051

Style

Commercial

Lot Size

0.07174

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12050370

Features
General
Cooling Central Air Central Individual Partial Wall Sleeve
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Community
Possession Closing
Roof Membrane Tar and Gravel
Construction Materials Brick Concrete Wood Frame
Year Built 1930
Electric Circuit Breakers Service - 201 to 600 Amps
Tenant Pays Air Conditioning Electricity Heat Varies by Tenant
Stories 3
Township North Chicago
Property SubType Mixed Use
Tax Year 2022
Current Use Commercial
Gross Income 9600
County Cook
Net Operating Income 0
Insurance Expense 800
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office and Research Retail
Status Active
Directions PETERSON EAST OR WEST TO 2717 JUST EAST OF CALIFORNIA OR WESTERN LINCOLN OR CALIFORNIA N OR S TO PETERSON
City Chicago
Total Units 3
MLS Area CHI - West Ridge
Lot Size Square Feet 3125
Street Name PETERSON
Tax Annual Amount 5051
Electric Expense 720
Fuel Expense 1585
Trash Expense 0
Water Sewer Expense 1800
Additional Parcels Y/N N
Virtual Tour https://tours.vht.com/STD/T434373853/nobranding
Days on Market 16
Lease Type N/A
Standard Status Active
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Interior
Flooring Varies
Total Fireplaces 0
Street Suffix Avenue
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 6200
Lot Dimensions 25 X 125
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Re/Max United

Broker

realtorezz@gmail.com;realtorezz@gmail.com

Email

Affordability Calculator

$5,273
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,852
Monthly Property Taxes
$421
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2024$730,000 Listed Price

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2717 W PETERSON Avenue, Chicago, IL, 60659 is a Commercial Property for sale at $730,000 with 6,200 sqft and a lot size of 0.07174. 2717 W PETERSON Avenue is a studio with 0.0 baths and was built in 1930. The property's zip code is 60659 which is in Chicago, IL