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3550 W Peterson Avenue,  Chicago IL, 60659

(Active)
$1,399,770
|
15,000 sqft
|
MLS# 11976446
Last Updated: 5/15/2024 2:34 AM
Description for 3550 W Peterson Avenue Chicago, IL 60659
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.
Price
$1,399,770
Cook
15,000 (approx)
11976446
Active
Description
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.
Listing Information
Property Type: Office, Business Opportunities, 2 Story
0.36 Acres 15,000 (approx) 1971
2 Brick Development, Multi-Family
Jefferson//
Concrete Perimeter
Public
20 Total
Commercial
Neighborhood
Room Information
Interior Features
Carpet
Central Air
Exterior / Lot Features
Brick
158 X 100
COMMR
Driving Directions
Kimball to Peterson. Peterson to property. At the corner of Central Park
Financial Considerations
13022130500000
$49,922
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60659 has a population of 2,781,445.

The median household income in Chicago, Illinois 60659 is $55,102. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60659 is 38 years.

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Courtesy: Crown Heights Realty
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/15/2024 2:34 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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