3550 W Peterson Avenue
Chicago, IL, 60659
$1,399,770
Beds
0 Baths
15,000 SqFt
0.36 Acres
Add
Add
$1,399,770
3550 W Peterson Avenue
Chicago, IL, 60659
img 0 img 1 img 2 img 3 img 4 img 5 img 6 img 7 img 8 img 9 img 10 img 11 img 12 img 13
2 story, 15,000 square foot office building situated on a 15,769 Square Foot = 0.36 AC = 157.6 X 100 lot. Building was purchased by a non-profit entity to tear down and build a new building. Ownership also owns the adjacent building just East of subject property at 3540 W. Peterson that’s 50 X 100. These two properties can be combined for a large new development on a 207.6 X 100 foot lot. The existing building is rented to a dozen tenants but needs quite a bit of work. B2-1 Zoning: Neighborhood Mixed-Use District Retail storefronts, apartments allowed on the ground floor. Intended to spur development in commercial corridors with low demand for retail. FAR 1.2. Seller will only sell both buildings together.

Property Details

Price:
$1,399,770
MLS #:
MRD11976446
Status:
Active
Beds:
0
Baths:
0
Address:
3550 W Peterson Avenue
Type:
Commercial
Subtype:
Office
City:
Chicago
Listed Date:
Feb 7, 2024
State:
IL
Finished Sq Ft:
15,000
ZIP:
60659
Lot Size:
15,769 sqft / 0.36 acres (approx)
Year Built:
1971

Schools

Interior

Cooling
Central Air
Flooring
Carpet

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Net Operating Income
$100,000
Tax Year
2022
Taxes
$49,922
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing
Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

disclosure
Courtesy of Crown Heights Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
Rover IDX
3550 W Peterson Avenue
Chicago, IL